Friday, February 7, 2014

How does KBB determine 5-year cost to own, and why does Lexus always win top honors?


Just what is a "5-year cost to own"?  It's a set of expenses that most buyers don't consider when they're purchasing a car.  Fuel costs, insurance premiums, state taxes and fees, financing charges, maintenance costs, and depreciation all factor into the cost of owning a vehicle.  Some vehicles have a lower entry price, but very poor reliability and/or fuel economy.  These vehicles might actually end up having a higher cost of ownership over a 5-year period than a very reliable car that costs a little more up front.

Kelley Blue Book tries to help consumers make smart purchases by gauging the 5-year cost of owning a vehicle by approximating the average cost of all of the aforementioned expenses and comparing it to other vehicles in the same class.

What does it all mean for Lexus?  Well, we're happy to say that we've come out on top for the second year in a row!  The incredible reliability, fuel economy, and safety of Lexus vehicles pays off in more ways than one-- this time by keeping hard-earned dollars in your wallet.  It's just another reason to buy Lexus and never look back!

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