When it comes to buying an affordable small used SUV, there are many factors to consider. While the purchase price is certainly important, it’s also important to think about the long-term costs associated with owning and maintaining the vehicle. To help you make an informed decision, we’ve put together a list of the top 10 used small SUVs with the lowest total cost of ownership. Note that the Total cost of ownership are estimated from when the vehicles were purchased new, so the Total Cost of Ownership for a used version would be less. Additionally, many of these vehicles also made our list of the most reliable used cars.
Honda CR-V
The Honda CR-V is a popular small SUV that has a reputation for reliability and longevity. When buying used, it’s important to look for a model that has been well-maintained and has low mileage. The estimated total cost of ownership for a 2016 Honda CR-V over a five-year period is around $31,500.
Mazda CX-5
The Mazda CX-5 is another popular small SUV that offers a comfortable ride and good fuel economy. The estimated total cost of ownership for a 2015 Mazda CX-5 over a five-year period is around $32,200.
Subaru Forster
The Subaru Forester is a practical and reliable small SUV that is known for its all-wheel drive system. The estimated total cost of ownership for a 2016 Subaru Forester over a five-year period is around $32,600.
Toyota RAV4
The Toyota RAV4 is a popular small SUV that is known for its reliability and practicality. The estimated total cost of ownership for a 2015 Toyota RAV4 over a five-year period is around $32,900.
Nissan Rogue
The Nissan Rogue is a stylish and practical small SUV that offers good fuel economy and a comfortable ride. The estimated total cost of ownership for a 2015 Nissan Rogue over a five-year period is around $33,200.
Hyundai Tucson
The Hyundai Tucson is a reliable and affordable small SUV that offers good value for money. The estimated total cost of ownership for a 2016 Hyundai Tucson over a five-year period is around $33,500.
Jeep Compass
The Jeep Compass is a compact SUV that combines rugged styling with practicality. Known for its off-road capabilities, the Compass offers a comfortable ride and a spacious interior. The estimated total cost of ownership for a 2015 Jeep Compass over a five-year period is around $33,900
Ford Escape
The Ford Escape is a popular small SUV that offers a comfortable ride and good fuel economy. The estimated total cost of ownership for a 2015 Ford Escape over a five-year period is around $34,300.
Kia Sportage
The Kia Sportage is a stylish and affordable small SUV that offers good value for money. The estimated total cost of ownership for a 2015 Kia Sportage over a five-year period is around $34,600.
Mitsubishi Outlander Sport
The Mitsubishi Outlander Sport is a compact SUV that offers good fuel economy and a comfortable ride. The estimated total cost of ownership for a 2015 Mitsubishi Outlander Sport over a five-year period is around $34,700.
The Total Cost of Ownership includes the purchase price, fuel costs, maintenance and repairs, and depreciation. When considering the total cost of ownership for a used small SUV, it’s important to keep in mind that certain factors can affect the overall cost. For example, the age and mileage of the vehicle can affect the cost of maintenance and repairs. Similarly, fuel economy can have a big impact on the cost of ownership, especially if you plan on driving the vehicle frequently or for long distances.
One way to reduce the overall cost of ownership for a used small SUV is to consider buying from a reputable dealer or private seller. A reputable dealer will typically provide a detailed vehicle history report and may offer a warranty or other guarantees. Similarly, buying from a private seller can often result in a lower purchase price, but it’s important to do your due diligence and have the vehicle inspected by a mechanic before making a purchase.
Another way to reduce the cost of ownership for a used small SUV is to prioritize fuel economy when selecting a vehicle. Vehicles with good fuel economy can help reduce the overall cost of ownership by reducing the amount of money spent on gas. Similarly, choosing a vehicle with a lower insurance premium can also help reduce the overall cost of ownership.
In conclusion, when shopping for a used small SUV, it’s important to consider the total cost of ownership over the long term. By selecting a vehicle with a reputation for reliability, prioritizing fuel economy, and buying from a reputable dealer or private seller, you can help ensure that your investment is a sound one. The above list of the top 10 used small SUVs with the lowest total cost of ownership is a great place to start your search.
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