The beginning of the year must be popular for talking about upgrading your vehicle. Recently, I mentioned the insurance discount for hybrid owners, but there are some additional stories about cars in the news.
Kiplinger’s Personal Finance Magazine surveyed MSRP, service costs, resale value, fuel cost, and insurance cost to come up with a value representing the cost to own certain 2006 vehicles. Here are the cars that came out as the cheapest to own:
- MINI Cooper
On the other side of the cost spectrum, Forbes is featuring an article called, “What We Can’t Wait To Drive.”
While the cost-conscious steer towards Honda and Toyota, it’s more “exciting” to talk about the Bugatti Veyron (which I’ve never heard of, personally), Aston Martins, Porsche, Mercedes-Benz, and BMW.
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And MINIs keep their resale value better than many cars, too! Mine’s two years old and has only dropped a few thousand in value. Of course, the big drop will probably be with year three, but it’s been extremely hassle-free and saves me a TON on gas, especially compared to my dad’s Hummer. He sells Hummers for a living, so he was a little disappointed when I went to the exact opposite of the car size spectrum. That’s okay, I don’t mind paying less for gas and being able to see other cars.
Interesting picture. You can probably fit five MINIs inside a Hummer. Maybe more.
I would KILL for a Mini and no one better testify against me!! hahahaha