• Monday, December 23, 2024
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Top 10 cheapest car brands to maintain long-term

Cars

When purchasing a vehicle, one of the most significant factors to consider is the long-term cost of ownership.

Maintenance and repair expenses can quickly add up over the years, impacting your overall budget.

Consumer Reports 2023 Annual Survey provides valuable insights into the out-of-pocket expenses for maintenance and repairs across various car brands, categorized by the age of the vehicles.

Read also: Top 5 Japanese cars with reported issues

According to Consumer Reports, here are the top 10 cheapest car brands to maintain long-term.

1. Tesla

Contrary to common assumptions about electric vehicles being expensive to maintain, Tesla emerges as the most cost-effective option for the 1-to-5-year age range, with an average annual cost of $580. However, as Teslas age beyond 5 years, maintenance costs notably increase, totaling $4,035 for the 6-to-10-year category.

2. Buick

Buick ranks second in affordability for the 1-to-5-year age range, with an average annual cost of $900. As the vehicles age, the 6-to-10-year cost rises to $4,000, resulting in a total of $4,900.

3. Toyota

Toyota, popular for its reliability, boasts a reasonable maintenance cost of $1,125 for the 1-to-5-year age range. This figure increases slightly to $3,775 for the 6-to-10-year category, amounting to a total of $4,900.

Read also: Top 7 most reliable Japanese cars in the market

4. Lincoln

Lincoln vehicles exhibit a favorable 1-to-5-year maintenance cost of $940, though slightly higher than Toyota’s. Beyond this age range, the cost escalates to $4,100 for 6-to-10-year-old vehicles, summing up to $5,040.

5. Ford

With an average annual maintenance cost of $1,100 for 1-to-5-year-old vehicles, Ford presents a competitive option. However, as the cars age, the cost increases to $4,300 for the 6-to-10-year range, totaling $5,400.

6. Chevrolet

Chevrolet vehicles also offer relatively affordable maintenance, with a cost of $1,200 for the 1-to-5-year age range. The subsequent 6-to-10-year period sees an increase to $4,350, resulting in a total of $5,640.

Read also: Ten most expensive cars in Africa

7. Hyundai

Hyundai demonstrates consistent affordability in maintenance, with costs of $1,140 and $4,500 for the 1-to-5-year and 6-to-10-year age ranges, respectively. The total cost of the vehicle maintenance amounts to $5,640.

8. Nissan

Nissan vehicles exhibit a slightly higher maintenance cost compared to some competitors, with expenses of $1,300 and $4,400 for the 1-to-5-year and 6-to-10-year age ranges, respectively, totalling $5,700.

Read also: Top 20 bestselling cars, SUVs in 2023

9. Mazda

Mazda maintains a competitive edge in maintenance costs, with figures of $1,400 and $4,400 for the 1-to-5-year and 6-to-10-year categories, respectively. The total cost over time amounts to $5,800.

10. Honda

While Honda vehicles are renowned for their reliability, they rank lower in terms of long-term maintenance costs. With expenses of $1,435 and $4,400 for the 1-to-5-year and 6-to-10-year age ranges, respectively, the total cost accumulates to $5,835.

Chisom Michael is a data analyst (audience engagement) and writer at BusinessDay, with diverse experience in the media industry. He holds a BSc in Industrial Physics from Imo State University and an MEng in Computer Science and Technology from Liaoning Univerisity of Technology China. He specialises in listicle writing, profiles and leveraging his skills in audience engagement analysis and data-driven insights to create compelling content that resonates with readers.

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