Four Ford Vehicles Win Kelley Blue Book Awards for Low Ownership Costs
According to Kelley Blue Book, its 5-Year Cost to Own Awards take into account factors such as “financing, insurance and state fees plus the anticipated costs of fuel, scheduled maintenance and repairs. Also included are the critical factors of purchase price – the exclusive Kelley Blue Book Fair Purchase Price – and projected depreciation.” After crunching all of those numbers for a variety of models, KBB awarded Ford with four of those prizes.
Thanks to its five-year ownership cost of $34,077 and lower depreciation values and insurance costs, the 2016 Ford Focus ST beat out the 2016 Hyundai Veloster Turbo/R-Spec/RE:FLEX by almost $2,500 and the 2016 MINI Countryman Cooper S/John Cooper Works by more than $6,000 to become the Best Sporty Compact Car.
The 2016 F-150 regular cab was crowned the Best Full-Size Pickup Truck. Its $43,029 cost to own over five years, Kelley Blue Book Fair Purchase Price, and lower insurance and fuel costs enabled it to defeat its similar rivals from Chevrolet and Toyota.
Ford credits the 2016 Explorer‘s lower fuel and maintenance costs and a lower depreciation value for its victory over the 2016 Chevrolet Traverse and 2016 GMC Acadia to be named the Best Full-Size SUV/Crossover. It also had a five-year ownership cost of $47,108, which was more than $2,500 lower than that for the second-place Chevy.
Although the 2016 Chevrolet Camaro was named the Best Sports Car with its score of $38,124, the 2016 Mustang was right behind it with a score of $38,378 and healthy residual values, affordable maintenance costs, and a low Kelley Blue Book Fair Purchase Price.
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