When it comes to purchasing a car, many people consider the upfront cost and forget about the long-term expenses that come with owning a vehicle. One crucial factor in determining the affordability of a car is its fuel efficiency and maintenance costs over time. In this blog post, we will discuss the cheapest cars to drive based on their overall running costs, including depreciation, fuel consumption, insurance, and maintenance.
The number one car on our list is the 2021 Toyota Prius. This hybrid car has been dominating the market since it was introduced over two decades ago, and for a good reason. With its excellent gas mileage, ranging from 54-56 mpg typically, impressive reliability, low maintenance cost, and affordable pricing, the Toyota Prius takes the crown as the most cost-effective car to own and operate.
Coming in at number two on the list is the Honda Civic. This popular midsize sedan is known for being one of the most reliable cars out there, which translates into lower maintenance costs and less frequent trips to the mechanic shop. On top of that, the Honda Civic boasts an exceptional fuel economy of up to 36 miles per gallon on the highway, making it an economical choice for commuters who want to save money on gas.
If you were surprised by the first two vehicles on our list, wait until you see what’s next! Keep reading to find out which car made it to the third spot and learn some more tips on how to determine the cheapest car to drive.
Factors That Affect the Cost of Driving a Car
Gas Mileage
The fuel efficiency or gas mileage is one of the biggest factors that affect the cost of driving a car. The higher the MPG (miles per gallon), the less money will be spent on gasoline, resulting in significant savings over time. It’s important to consider this factor when purchasing a car since different models have varying amounts of miles-per-gallon depending on the engine size and type, weight, and other features.
For instance, hybrid cars like Toyota Prius, Honda Insight, and Kia Niro offer excellent fuel economy compared to SUVs and trucks. Hybrids are known for their impressive gas mileage and fuel-efficiency, which can save drivers hundreds, if not thousands, of dollars every year.
In addition, some manufacturers have started producing electric cars that run solely on batteries. While these cars do not consume any gasoline whatsoever, there will still be charging expenses that need to be considered. In conclusion, always research the expected mpg before buying a new car would provide valuable insights into reducing your overall driving costs.
Maintenance Costs
The second most significant factor that affects the cost of driving a car is maintenance expense. Think about it; the amount of money you’ll spend repairing and maintaining a vehicle determines how much you’ll shell out in total over its lifespan. Highly dependable cars with fewer expensive parts tend to cost less to maintain than others.
A well-maintained car has a more extended lifespan, runs smoother, consumes less fuel, and requires fewer visits at the mechanic than those ignored. That said, vehicles requiring extensive services usually equate to incredibly high repair bills down the line. As such, regular preventive maintenance goes a long way in keeping maintenance costs low throughout the lifetime of your car.
To maximize your investment, it’s critical to find a vehicle with the lowest maintenance costs possible. This will depend on the car manufacturer, age, and model. Car repairs can be costly, so choosing cars that require less frequent but cheaper repair options can save drivers thousands of dollars in comparison to other cars.
The Top 3 Cheapest Cars to Drive
Toyota Prius
When it comes to fuel efficiency, the Toyota Prius is hard to beat. With its hybrid engine and sleek design, this car offers drivers an impressive average of 52 miles per gallon on the highway and 56 miles per gallon in the city. Plus, with a starting price below $25,000, it’s definitely one of the cheapest cars to drive long-term.
Honda Civic
The Honda Civic has long been a popular choice for those looking for an affordable vehicle that doesn’t skimp on performance or features. Not only does this model come equipped with a zippy four-cylinder engine, but it also offers great gas mileage with an estimated 30 miles per gallon in the city and 38 miles per gallon on the highway. And thanks to its dependable engineering, you can trust that your Civic will stay on the road for years to come without costing you a fortune in repairs.
Hyundai Elantra
If you’re looking for a reliable sedan that won’t break the bank, the Hyundai Elantra is worth checking out. This popular compact car boasts excellent fuel economy, getting up to 31 miles per gallon in the city and 41 miles per gallon on the highway. Plus, with a base price around $20,000, it’s easily one of the most affordable options on the market today. Factor in Hyundai’s reputation for quality craftsmanship, and you’ve got yourself a great car at a great value.
Other Affordable Options to Consider
Kia Rio
The Kia Rio is one of the best options for those looking for a reliable and affordable car. It has great fuel efficiency, averaging 33 mpg in the city and 41 mpg on the highway. The Kia Rio also comes with a 5-year limited warranty which adds peace of mind for drivers on a budget.
In terms of functionality, the Kia Rio offers a spacious interior with comfortable seating for up to five passengers. It also has a user-friendly infotainment system which includes features like Bluetooth connectivity and Apple CarPlay/Android Auto compatibility.
The starting price for the Kia Rio is around $15,850 making it an exceptional choice as one of the cheapest cars to drive.
Nissan Versa
The Nissan Versa is known for being one of the most affordable cars on the market today. It’s not only cheap to purchase but also provides great gas mileage averaging 27 mpg in the city and 35 mpg on the highway.
This car boasts a roomy cabin with comfortable seating for both front and back passengers. Even with its low cost, it still has modern features such as a rearview camera, lane departure warning, and forward automatic emergency braking.
The base model of the Nissan Versa starts at just $14,930, making it another incredible option for anyone looking for a budget-friendly vehicle.
Frequently Asked Questions
What factors determine the cheapest car to drive?
The cheapest car to drive is determined by several factors. Firstly, the car’s fuel efficiency plays a significant role in determining how much it costs to drive in terms of fuel consumption. Secondly, the car’s purchase price is also a significant factor, as a car that costs less to buy will likely cost less to maintain and insure. Thirdly, the car’s maintenance costs should be considered since some cars may require more expensive parts or repairs than others. Finally, the car’s resale value plays a role, as a car that retains its value over time will likely be cheaper to own in the long run.
Is a hybrid or electric car the cheapest option for driving?
Hybrid and electric cars are often touted as the cheapest options for driving due to their fuel efficiency and lower maintenance costs. While the upfront cost of purchasing a hybrid or electric car may be higher than a traditional gasoline-powered car, the long-term savings on fuel and maintenance costs can make up for it. Additionally, some states offer tax incentives or rebates for purchasing an electric or hybrid car, further reducing the overall cost of ownership.
How much do fuel-efficient cars save on gas costs?
The amount of money saved on gas costs by driving a fuel-efficient car depends on several factors, such as the car’s fuel efficiency rating, the current price of gas, and the number of miles driven. On average, a fuel-efficient car can save drivers anywhere from $200 to $1,000 per year on gas costs compared to a less efficient car. Over the course of several years, these savings can add up, making fuel-efficient cars a more cost-effective option in the long run.
What is the cheapest car to insure and maintain?
The cheapest car to insure and maintain is usually a compact or subcompact car with a low purchase price and good fuel efficiency. These cars are often less expensive to repair and have lower insurance premiums due to their smaller size and lower risk of accidents. Some examples of affordable cars to insure and maintain include the Honda Fit, Toyota Corolla, and Mazda3. However, it’s important to note that individual insurance rates can vary depending on factors such as driving history, age, and location.
Are older cars more affordable to drive than newer models?
While older cars may have a lower purchase price than newer models, they may not be more affordable to drive in the long run. Older cars may require more frequent repairs and maintenance, which can add up over time. Additionally, older cars may not be as fuel-efficient as newer models, which can increase the cost of driving. On the other hand, newer cars typically have higher upfront costs but may have lower maintenance and fuel costs over time, making them a more cost-effective option in the long run.