Many people don't realize that the cost of owning a car exceeds the list price. Regular maintenance costs can really add up over time. When choosing your next trip, be sure to consider the unavoidable expense of owning a car. If you're considering a Chevy , here are five Chevys with the lowest running costs .
1. Spark Chevrolet
With an MSRP starting at $13,600, the Chevy Spark's low list price is just the beginning. This efficient mini vehicle also has some of the lowest maintenance costs around. With just a few routine maintenance checks per year, you can enjoy driving pleasure without breaking the bank.
Chevrolet encourages drivers toproperly follow maintenance schedules and offers a minimum three-year or 36,000-mile warranty. However, the warranty only covers defects and not the cost of regular maintenance.
According toCarEdge , the Chevy Spark will cost you around $5,893 in maintenance and repairs over the first 10 years. The likelihood of major repairs is very low at just 18.17% over a 10 year ownership period. An insurance policy for the Chevy Spark costs about $1,450 per year, but you can reduce that cost by comparing different policies.
2Chevrolet Sonic
Although this sporty sedan has been discontinued for 2020, it's still a solid choice for budget drivers. The starting price of $16,325 is not only very affordable, but also offers one of the lowest running costs on the market.
The most important thing to remember when maintaining this vehicle is that regular oil changes and tire changes are vital to its longevity and performance. It's also important to regularly check your brakes for signs of wear to keep costs down.
CarEdge estimates the total maintenance and repair cost for the Sonic at approximately $5,943 over 10 years. Additionally, insurance premiums average $1,613 per year. To get the best value for money, shop around and compare different policies.
3.Chevrolet Malibu
According to Chevrolet , the Malibu is the last Chevy sedan to remain under the banner. It became one of the most popular vehicles in its class, with a stylish exterior and plenty of space.
According to CarEdge , the Malibu has a total maintenance and repair cost of approximately $6,460 over a 10-year ownership period. Some common repairs for the Malibu include replacing brake pads and rotors, replacing the air filter, and changing the oil.
However, major repairs are rare, with only a 19.26% chance of repairs being made within a 10-year ownership period. That's commendable for a car in its class selling for a starting MSRP of $23,400. Insurance premiums in Malibu are about $1,811 per year, but you can reduce that cost by comparing different policies.
4.Chevrolet Impala
In February 2020, Chevy announced that the Chevy Impala would finally roll off the assembly line. But the Impala is still a solid choice if you're looking for a luxury full-size sedan with low running costs. While the initial MSRP of $28,400 might be a bit steep, it sounds like the Impala could offer excellent value over the long run.
According to CarEdge, the total maintenance and repair cost for this large sedan is estimated at $6,524 over a 10-year ownership period. That's more than $500 less than the average sedan model in its class.
Some critical repairs for the Impala include transmission fluid service, steering and suspension lubrication, cab air filter replacement, oil change and spark plug replacement.
5.Chevrolet Camaro
According to Chevrolet , the legendary Camaro sports car combines aerodynamic performance with bold styling. With a starting MSRP of $26,100 and an estimated annual cost of $1,890 in insurance premiums, the Camaro can be surprisingly affordable to maintain over time.
CarEdge reports that the estimated total cost to maintain and repair this Chevy over 10 years of ownership is $7,015. That's impressive considering the Camaro is a two-door sports car with an engine that needs frequent maintenance and oil changes. Some essential repairs for this Chevy include replacing brake pads, air filters and spark plugs, as well as transmission oil maintenance and suspension repairs.
Although maintenance costs can increase over time, these Chevy models offer some of the lowest costs. A Chevy can meet your needs whether you are looking for a sporty hatchback, a large sedan or an iconic sports car. Shop around and compare different policies to get the best value for money.
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