Toyota Corolla’s 5-year cost of ownership vs. Competition
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BASE MSRP (INCLUDING FREIGHT) FOR EACH MODEL AND COST OF OWView All Vehicle Comparisons!NERSHIP DATA OBTAINED FROM INTELLICHOICE.COM FOR 2016 MODEL YEAR AS OF MARCH, 17, 2016: COROLLA SEDAN S 4 CYL AUTO, MSRP $20,200; HYUNDAI ELANTRA SE 4 CYL. AUTO, MSRP $19,075; CHEVROLET CRUZE LIMITED 4 CYL AUTO, MSRP $19,845; HONDA CIVIC LX 4 CYL AUTO, MSRP $20,260; FORD FOCUS SE 4 CYL AUTO, MSRP $19,390. 2016 INTELLICHOICE, WWW.INTELLICHOICE.COM. BASED ON 2016 MODEL YEAR STUDY. MANUFACTURER PRICE INCENTIVES VARY, ARE NOT REFLECTED IN THIS COMPARISON AND COULD AFFECT PROJECTED 5 YEAR OWNERSHIP COSTS. PROJECTED 5 YEAR OWNERSHIP COST FOR COROLLA SEDAN S 4 CYL AUTO $25,674; HYUNDAI ELANTRA SE 4 CYL. AUTO $25,919; CHEVROLET CRUZE LIMITED 4 CYL AUTO $27,929; HONDA CIVIC LX 4 CYL AUTO $25,836; FORD FOCUS SE 4 CYL AUTO $28,862. “HYUNDAI” AND “ELANTRA” ARE REGISTERED TRADEMARKS OF HYUNDAI MOTOR COMPANY. “CRUZE” AND THE CHEVROLET LOGO ARE REGISTERED TRADEMARKS OF GENERAL MOTORS LLC. THE HONDA LOGO AND “CIVIC” ARE REGISTERED TRADEMARKS OF HONDA MOTOR CO., LTD. “FORD,” “FOCUS” AND THE FORD LOGO ARE REGISTERED TRADEMARKS OF FORD MOTOR COMPANY.
Cost Comparison for a New Toyota Corolla
Buyers who are shopping for a small and economical car often find it difficult to decide between several similar cars made by major manufacturers. The Honda Civic, Toyota Corolla and Ford Focus all have qualities that budget conscious consumers prefer. Here is a quick comparison of the basic features of these cars that can make that decision simple.
The Corolla Has Low Maintenance Costs and Scores at the Top for Reliability
Of the cars in its class, the Corolla lands in the middle in terms of sticker price, but don’t let that fool you. The Toyota Corolla receives top marks as the most economical car to own, with low maintenance and the low cost of parts over a long life span. Over the first five years, you can save an average of $1,067 over other vehicles in cost of ownership. The Corolla’s reliability scores are far above other cars in its class; 90 percent of Corollas that were purchased over the last ten years are still on the road (as of July 2015 based on IHS Automotive: Polk U.S. vehicles in operation registration statistics MY 2006-2015). Other benefits to this consumer favorite are great gas mileage, saving on fuel costs, with up to 37 mpg on the highway and 28 in the city. A flex fuel competitor like the Ford Focus has considerably higher costs over five years of ownership, due to maintenance and parts, regardless of the first glance assumption that burning less fuel would be a cost-saving option.
A Budget Car Doesn’t Have to Look Like One
The Corolla is a stylish car with a pleasing design and features that customers have come to expect, including the latest technology. There’s no cutting corners on safety, either; the Corolla has a 5-star overall safety rating from NHTSA. Corolla can give you the driving experience you want, no matter where you travel, and do it for less.