With economic fears seeming to compound daily, the burden of a new car may be the last thing you want. But buying a car doesn't have to put too much of a damper on your finances if you consider the price you'll pay in the long run for repairs, maintenance, fuel and financing.
Use Bankrate's interactive tool to decide if leasing or buying is best for you.
While hybrid vehicles may save you money on gas, consumers looking for a good deal should also consider inexpensive compact nonhybrid cars, says Joe Spina, industry analyst for Edmunds.com.
Information is key to making a wise choice, says Spina. Here's a look at the 10 cars that will make the smallest dent on your wallet. The expense figures are the national averages calculated by Edmunds.com over a five-year period.
1. Honda Fit
MSRP: From $13,950 Taxes and fees: $1,336 Depreciation: $9,172 Finance interest: $2,870 Insurance: $7,021 Fuel cost: $10,297 Maintenance: $2,885 Repairs: $654
Total: $34,235
2. Chevrolet Aveo
MSRP: From $11,460
Taxes and fees: $1,183 Depreciation: $8,979
Finance interest: $2,386 Insurance: $7,021
Fuel cost: $10,809 Maintenance: $3,567
Repairs: $713 Total: $34,656
3. Hyundai Accent
MSRP: From $10,775 Taxes and fees: $1,215 Depreciation: $9,326 Finance interest: $2,314 Insurance: $7,724 Fuel cost: $10,863 Maintenance: $2,724 Repairs: $569 Total: $34,375
Use Bankrate's interactive tool to decide if leasing or buying is best for you.
While hybrid vehicles may save you money on gas, consumers looking for a good deal should also consider inexpensive compact nonhybrid cars, says Joe Spina, industry analyst for Edmunds.com.
Information is key to making a wise choice, says Spina. Here's a look at the 10 cars that will make the smallest dent on your wallet. The expense figures are the national averages calculated by Edmunds.com over a five-year period.
1. Honda Fit
MSRP: From $13,950 Taxes and fees: $1,336 Depreciation: $9,172 Finance interest: $2,870 Insurance: $7,021 Fuel cost: $10,297 Maintenance: $2,885 Repairs: $654 Total: $34,2352. Chevrolet Aveo
MSRP: From $11,460 Taxes and fees: $1,183 Depreciation: $8,979 Finance interest: $2,386 Insurance: $7,021 Fuel cost: $10,809 Maintenance: $3,567 Repairs: $713 Total: $34,6563. Hyundai Accent
MSRP: From $10,775 Taxes and fees: $1,215 Depreciation: $9,326 Finance interest: $2,314 Insurance: $7,724 Fuel cost: $10,863 Maintenance: $2,724 Repairs: $569 Total: $34,375
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