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NowCar KBB 5-Year Cost to Own Vehicle Awards

Kelley Blue Book Recently Released 5-Year Cost to Own Awards List

Written By, Jordan R

Kelley Blue Book is one automotive resource known by many shoppers and consumers in the market for a new vehicle. It’s even earned the title “The Trusted Resource®”, known for its valuable information on new and used automobiles and unbiased reviews of new vehicles on the market. Reviewing for nearly 100 years, Kelley Blue Book keeps consumers up to date on market-reflective values of vehicles when shopping around. Alongside their reviews, Kelley Blue Book also holds many awards, or “Best of” lists throughout the year, and many of the vehicles we sell online at NowCar made the cut. Check them out.

What’s the Award?

Recently, Kelly Blue Book (KBB) concluded its 5-Year Cost to Own Award list. This list focuses on the value of a vehicle, how well that value holds up, and how much it costs to own the car versus leasing it, and whether or not it will be a worthwhile investment when it comes time to resell it. Not many consumers think about it, but after the down payment and all the fees that come with a vehicle purchase, there’s also the monthly payments, expected fuel costs, finance and insurance fees, maintenance and repair costs, and depreciation over time. So, how can a consumer know that the vehicle they’re purchasing will still be worth it in three years? Or five, for that matter?

They trust a reviewer like KBB.

Winners We Know

“New to 2020, Chrysler Voyager emerges as the winner of the minivan segment, overtaking legacy models in its launch year…Alongside it, both the Fiat 124 Spider and Jeep Wrangler continue their winning streaks for the second year in a row in the sports car and off-road SUV segments, respectively.” – Eric Ibara, Director of 5-Year Cost to Own for Kelley Blue Book

Yes, the new 2020 Chrysler Voyager minivan earned its 5-Year Cost to Own Award in the Minivan category in its first year of eligibility. The 2020 Jeep Wrangler earned a 5-Year Cost to Own Award for the sixth year-in-a-row, and another award in the Off-Road SUV category for the second year. Another FCA vehicle, the Fiat 124 Spider, won the sports car segment, known for its classic Italian styling and bringing back a beauty from 50 years ago to drag race in modern days.

The 2020 Mitsubishi Outlander also won a KBB 5-Year Cost to Own Award, for the second consecutive year, actually. Yes, this isn’t the first time that the Mitsubishi Outlander came out on top. With many high-value three-row SUVs fighting for customers' attention in the market today, getting this kind of recognition from such a trusted source of automobile information is truly a huge win for the automaker. Plus, with all Mitsubishi Motors vehicles backed by one of the best warranties in the industry, consumers can ensure that their SUV will keep its original value for years to come.

We also saw that the Chevrolet Tahoe won a KBB 5-Year Cost to Own Award for the Full-size SUV/Crossover category. It may have some years on it, and with the Blazer SUV out, Chevy has some fierce competition amongst its own lineup, but the Tahoe is still a good and true SUV consumers can trust. For that, it earned itself an award for its value now and years later.

Looking for a vehicle that will keep its shine for five years or more? Shop for a new car online at NowCar for a great deal.

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