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Edmunds.com Names 2010 Lowest True Cost to Own Vehicle Awards

June 10, 2010

Edmunds.com compiled its list of the Lowest True Cost to Own vehicles for 2010. The Honda and Toyota nameplates have the most vehicles on the list with five and four selections, respectively.

Edmunds.com's True Cost to Own pricing system estimates total vehicle ownership costs over a five-year period. The calculation incorporates projected average depreciation, financing, taxes, fees, insurance premiums, fuel costs, regional variances, maintenance and repairs for each model.

To choose the 2010 Lowest TCO Award winners, Edmunds' editors analyzed months of historical data to identify which were the consistent leaders in low ownership cost. More details are available here.

"Considering not just the buying price but the overall ownership costs of a vehicle can help shoppers get the most for their money over the long haul," said Philip Reed, senior consumer advice editor for Edmunds.com.

The award winners, organized by category and price range so that car shoppers can use the list as a tool, are:

Category

 

Model

Convertible Under $35,000

 

2010 Mazda MX-5 Miata

Convertible Over $35,000

 

2010 BMW 1 Series

Coupe Under $25,000

 

2010 Toyota Yaris

Coupe $25K-$35K

 

2010 Honda Accord

Coupe $35K-$45K

 

2010 Audi TT

Coupe Over $45,000

 

2010 Ford Shelby GT500

Sedan Under $15,000

 

2010 Toyota Yaris

Sedan $15K-$25K

 

2010 Honda Fit

Sedan $25K-$35K

 

2010 Mercury Milan

Sedan $35K-$45K

 

2010 Lexus IS 250

Sedan Over $45,000

 

2010 Infiniti M35

SUV Under $25,000

 

2010 Honda CR-V

SUV $25K-$35K

 

2010 Jeep Wrangler

SUV $35K-$45K

 

2010 GMC Acadia

SUV Over $45,000

 

2010 Acura MDX

Compact Truck

 

2010 Toyota Tacoma

Large Truck

 

2010 Honda Ridgeline

Wagon Under $35,000

 

2010 Nissan Cube

Wagon Over $35,000

 

2010 Volvo V70

Hybrid

 

2010 Honda Insight

Minivan/Van

 

2010 Toyota Sienna

 

Edmunds.com's True Cost to Own calculations make the following assumptions:

  • Vehicles are driven 15,000 miles per year
  • Vehicles are financed using traditional financing and not leased
  • Buyers pay 10 percent down on the vehicle
  • Buyers are in the "Gold" credit tier for the purpose of determining the finance rate
  • The loan term is 60 months
  • Buyers represent the average demographic in their state for insurance rates
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