2022 KBB 5-Year Cost To Own Awards go to Toyota and Lexus

 Kelley Blue Book has released its ratings for the vehicles that cost the minimum to own in five years. Surprisingly, most of the vehicles come from Japanese automakers with Toyota and Lexus dominating the chart.

The 2022 Kelley Blue Book 5-Year Cost To Own Awards go to Toyota and Lexus for conventional and luxury brands respectively.  Here is the list of the vehicles that won the 5-Year Cost To Award in different categories.

Going through this chart, we can clearly see that out of 23 vehicles that cost minimum to own in five years, Toyota shines with five cars namely Corolla, Avalon, Corolla Hybrid, Sienna, and the new Tundra.

Alternatively, if we consider luxury cars, Lexus is the clear winner with the UX, NX, RX, and LX dominating in different luxury categories.

Moving ahead in the electrification realm, the Nissan Leaf is the least expensive to own in five years as the mainstream brand while the Model 3 from Tesla aces the luxury brand class.

The KBB’s 5-Year Cost to Own data is based on vehicle depreciation, projected fuel expenses, finance and insurance charges, maintenance and repair fees, and government bills. The information here is geared towards buyers looking for cars that cost the minimum to keep in five years. It would help them buy their next vehicle with peace of mind.

It is worth noting that for the 2022 model year automobiles, the estimated possession expenses are centred on the average Kelley Blue Book 5-Year Cost to Own statistics for the first five-year proprietorship phase.

Source and Image: Motor1