All Posts Tagged With: "cheap cars to own"
Top 10 Cheapest Cars to Own
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Forbes magazine recently publish their list of the top 10 cheapest cars to own. With gas prices skyrocketing and projected to go even higher I think many people that live in the suburbs should take a look at purchasing a more economical car. I have read some reports or analysis saying in a couple of years we could see $6-$7 a gallon due to a bubble. Thank goodness I work from home.
Note that the cheapest cars to buy are not necessarily the cheapest cars to own. For example a Kia or Hyundai may be cheaper to purchase than a Toyota or Honda but the resale value is much stronger for a Toyota or Honda, also in general it is more reliable. Many people buy cars not thinking about the resale value and other long term costs. By the way, I think in the past couple of years resale values of those gas guzzling SUV must have really taken a nose dive. Supply and demand, nobody wants a gas guzzler anymore.
Top 10 Cheapest Cars to Own:
- Toyota Yaris
- Honda Fit
- Chevrolet Aveo5
- Nissan Versa S
- Hyundai Accent GS
- Dodge CAliber SE
- Kia Rio
- Chevrolet Cobalt LS
- Scion xD
- Honda Civic DX Sedan
Check out the 2009 Toyota Prius which is rumored to get up to 80 miles per gallon. They are also talking about bring out a plug in version of the Prius in 2010 or 2011 which would easily be a 100+ mile per gallon car.
An Even Cheaper Ride
On a side note, I have been thinking about purchasing a bike since I live in the city of Honolulu. I think I want to purchase a foldable bike because it is very convenient and allows you to put it in your car, office, home or even on the bus. It is a bit smaller and easier to ride. Plus the weather is great and I could use the exercise. My only concern is my own safety from aggressive drivers.
I recommend anyone that lives in a large city to check this list of foldable bikes at TreeHugger. Parking in downtown Honolulu can cost as much as $250 a month. When I visited Japan, I was amazed how many people used bikes and public transportation. I think as gas prices go up we will see more bikes friendly cities.
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