Cars that can save you money

Here is a list of cars that may save you some money. Most of them are hybrid cars which offer great mileage. With recent dropping in gasoline price, the long-term savings from mileage may not be obvious. In addition, hybrids may be more expensive to fix when they break down. The maintenance frequency and associated costs should be among the important things to consider when buying a car.

Buying cars is not a good investment in the long run, because 99% of the cars depreciate rather than appreciate. As such, when I want to buy a car, I like to buy a new car and use it till it dies, and then buy another new car. Why new cars? Well, I don’t know auto mechanics very well. I prefer new cars to avoid hassles of frequent maintenance, of which the costs can add up very quickly. Furthermore, I live alone; if my car breaks down, it can be very inconvenient. That being said, learning auto mechanics can be very useful skills that can save you money down the road.

2010 Toyota Prius Hybrid

Toyota Prius Hybrid

Base Price: $23,500
MPG: 51 city/ 48 highway
You can pay extra for the solar-paneled roof that runs interior cooling fans when the vehicle is parked in the sun and a park-assist feature that parks the car on its own. Prius offers some of the best gas mileage around.

2010 Honda Insight LX

Honda Insight LX

Base price: $19,800
MPG: 40 city / 43 highway
Honda’s latest hybrid sedan looks very similar to the popular Prius. Insight has a cheaper price tag; however, it is less fuel-efficient than Prius because its engine is always on, even when the car is running on electric power.

2010 Ford Fusion Hybrid

Ford Fusion Hybrid

Base price: $27,270
MPG: 41 city / 36 highway

2010 Kia Soul

Kia Soul

Base price: $13,995
MPG: 26 city/ 31 highway
A very attracting price tag along with fair mileage.

2010 Hyundai Genesis

Hyundai Genesis

Base price: $22,000
MPG: 21 city/30 highway
A sporty coupe version carries a price tag that’s $10,000 cheaper than the sedan. Hyundai was the first automaker to offer a layoff protection plan, allowing buyers to return a leased or purchased vehicle should they get laid off. The plan covers up to $7,500 in money owed to the financing.

Reference: SmartMoney

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One Response to Cars that can save you money

  1. Tightwad on 2014/08/19 at 10:11 pm

    Have you considered purchasing lease backs? That way the person that leased the vehicle initially eats a great deal of the depreciation. They also take good care of the car so they do not have to pay a ton when they take it back.
    Personally I stick with used affordable vehicles I can pay for in cash. No interest, no depreciation because they are old, no increased insurance costs where the deductible is higher than the vehicle value. I don’t drive a great deal and for me it works. I totally agree with the drive it until it drops idea. I do a cost analysis purchasing parts from my city and all over north america and compare it to the value of the vehicle to determine if it is worth keeping. I did this with my current vehicle and discovered repairs were higher than the purchase value. My neighbor hit my car in the parking lot and I will as a result get a new used car on their tab. (I was parked and nobody was injured)

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