When buying a new car, everyone wants to get a great deal. And who could blame them? A car is a big purchase, and drivers want to make the most of it. But there’s more that goes into a good deal than just the initial price – there’s the also the long-term costs of owning a vehicle. These costs can be more difficult to determine, but Kelley Blue Book is here to help. Every year, the experts at KBB.com announce their 5-Year Cost to Own Awards, which honor vehicles expected to have the lowest expenses over the next five years. They look at factors like depreciation, insurance rates, and projected maintenance costs to determine the winners.
This year, drivers can feel confident when they head to our Ford dealership – four of this year’s Ford models had the lowest projected cost to own in their categories. Thanks to its low depreciation and insurance costs, the 2016 Ford Focus ST dominated the other sporty compact cars in the cost to own estimates. The 2016 Ford F-150 meanwhile won out over other full-size pickup trucks thanks to its low fuel costs and insurance rates. Other full-size SUVs gave way to the 2016 Ford Explorer thanks to overall low projected costs including fuel and maintenance, as well as a lower depreciation. And the 2016 Ford Mustang GT builds on its low Fair Purchase Price with a great residual value and low maintenance costs to have the lowest projected 5-year cost to own of high performance cars.
As these awards demonstrate, a new Ford isn’t just a great deal on day one. Our outstanding models will treat drivers’ wallets well in the long run too. So no matter what kind of vehicle you’re looking for, you can find a great price and a great projected cost to own on everything from a small compact to a Ford truck. Louisville and Lawrenceburg drivers can come by O’Brien Ford of Shelbyville any time to find out more about why Ford models are such a great choice.