RSS Feeds

Look beyond the sticker price when buying a new car

Tuesday - 8/16/2011, 12:15pm  ET

Kristi King,

WASHINGTON -- Examining the sticker price is just one way to judge what a car will cost, but other expenses can add up over time.

Kelley Blue Book now includes an estimate of total cost of ownership over five years on new cars. Factors helping to determine pricing include gas, maintenance, repairs and insurance.

Depreciation also is a relevant factor because some cars hold their value longer than others over time.

Using those considerations, Kelley Blue Book ranks Audi and Lexus as luxury cars with the lowest average ownership cost. They have low depreciation and best fuel economy.

Cadillac ranks third among luxury cars over five years.

In the non-luxury cars category, Kia, Hyundai and Honda provide the best bang for your buck.

On average, owning a Kia over five years costs an estimated $38,884 compared to $68,866 for an Audi.

Follow Kristi King and WTOP on Twitter.

(Copyright 2011 by WTOP. All Rights Reserved.)