Experts reveal cars with cheapest total cost of ownership (TCO).
A new study from automotive data experts HPI has revealed the cheapest makes and models of cars to run.
The data examined total cost of ownership (TCO) figures for vehicles at three years and 30,000 miles. The running costs include a range of factors from service and repair to depreciation.
The data reveals that the cheapest car to run is the Dacia Sandero Hatchback which costs £11,042.84 to run over the three years, equivalent to £306.75 per month or 36.8p per mile over 30k miles.
The top 10 list of vehicle TCO is as follows:
Dacia Sandero Hatchback – TCO £11,042.84
Hyundai i10 Hatchback – TCO £11,765.78
Kia Picanto Hatchback – TCO £11,981.28
Toyota Aygo X Hatchback – TCO £11,983.52
Dacia Sandero Stepway Hatchback – TCO £11,986.65
MG Motor UK MG3 Hatchback – TCO £12,049.18
Citroen C3 Hatchback – TCO £12,130.52
Suzuki Swift Hatchback – TCO £12,237.63
Fiat Panda Hatchback – TCO £12,738.66
Suzuki Ignis Hatchback – TCO £13,299.75
Cost-conscious motorists can see how much their car costs to run by running a HPI Check. The check comes with an integrated TCO report enabling users to check the running costs associated with any vehicle simply by entering the registration details.
The online cost calculator informs drivers exactly how much they can expect to spend over the next three years of ownership. The tool also breaks down the costs and when they are due.
The free tool uses real-time data to generate live vehicle running and maintenance costs. It is the most advanced TCO tool available to motorists with detailed costs available on each vehicle.
Andrew Turner from HPI said: “Checking a car’s TCO allows users who might be on a tight budget to select a used car that will fit in with their needs and lifestyle. By simply entering the vehicle registration number or choosing a make and model, motorists can find out the cars that hold their values well, the cheapest models to run, best fuel economy and the makes and models with the lowest maintenance and service costs.”
Potential buyers can also check if the car makes economic sense by calculating factors such as depreciation, fuel costs, road tax, and tyre and brake pad replacement costs.
Added Andrew: “There are many costs associated with owning a car, which are often overlooked, impacting motorists after they’ve already parted with their cash. Accurately showing all the running costs associated with car ownership means no unexpected surprises six months or three years down the line. Understanding and considering costs is important before committing to buying a car. By helping drivers work out the costs involved in a vehicle they are interested in and with so many choices available, we are confident we can help motorists decide on a great value vehicle that is cheap to run.”
For a look at HPI’s TCO Check please visit: https://www.hpi.co.uk/tco-check.html
