New car prices continue to rise and continue to dominate the headlines. But there are other costs that come with ownership that are rising just as quickly. We are talking about the maintenance costs of SUVs. You’ve probably heard the stories of exorbitant prices paid for service at expensive import stores. The other side of that is cheaper vehicles, in this case SUVs, to own.
Recently, Kelley’s Blue Book looked at repair costs, fuel costs, and even depreciation over five years to determine the most efficient and least expensive SUVs. Using that data, KBB determined the 10 cheapest SUVs projected to own over a five-year period.
2022 Hyundai Headquarters
The front-wheel drive 2022 Venue is Hyundai’s entry-level take on the SUV segment. It has a low entry of $19,000 to $22,250, the lowest of the SUVs featured here. Compared to all other entries in this category, it was found to cost almost $7,000 less to operate for five years.
Subaru Impreza 2022
With an MSRP of $28,395, the Outback beats the price of the Venue. But it comes with standard all-wheel drive and continues to hold its value when it comes time to sell it. This is also the first year of the Outback update. KBB estimates that buying an Outback saves you $6,730 compared to others in this category.
Subaru Rise 2022
Factoring in its higher MSRP, the Ascent saves buyers $4,121. It has the advantage of offering a large cargo capacity along with seating for eight people. But surprisingly, it doesn’t offer hybrid power or a V6 engine. Still, it offers plenty of safety and driver convenience features for a starting price of $33,895.
2022 Nissan Armada
Factoring in its higher starting price of $49,000, the Armada still saves $6,822 over five years. This is Nissan’s top-of-the-line SUV, featuring body-on-frame construction like the Lincoln Navigator and Chevy Suburban. That means a towing capacity of 8,500, not to mention four-wheel drive.
Ford Bronco 2022
Due to its popularity, many of you will be happy to know that Ford’s Bronco performs well in this category. Five-year cost of ownership is estimated at $47,961, putting you at an average savings of $3,059 over five years compared to rivals.
2022 Lexus UX
Yes, a Lexus snuck into this data, which happens to be the least expensive Lexus you can buy. With a Lexus comes that Lexus quality, which is cost-effective for five years. In this case, the UX will save $3,224.
2022 Lexus NX
This plug-in hybrid starts at just under $40,000, but has a wide range of engine options. Compared to others in the segment, the NX saves $6,219 over five years.
Yes, it seems that Lexus dominates this segment. This two-row premium SUV has led for many years as the best-selling luxury vehicle. Starting at $46,645, over five years you save $12,156 compared to comparable models.
2022 Acura MDX
Upgrading to a three-row MDX will save an average of $7,193. With a completely new platform, it can also be purchased with the high-performance Type S upgrade with 355 hp.
2022 Lexus LX
Closing this treaty is, yet, one more Lexus. The LX saw a new design for 2022, with a twin-turbocharged V6 and 10-speed transmission combination. With an MSRP starting at $88,245, averaged over five years, it saves owners $12,698.
RELATED: 9 Cheapest Luxury SUVs in 2022 According to US News