Which SUV Is Best Value For Consumers?
2 Jeeps Among Top 5
POSTED: Tuesday, July 29, 2008
UPDATED: 8:01 pm CDT July 29,
2008
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Sport utility vehicles aren't necessarily the best choice of vehicle to drive as gas hovers around $4 per gallon, but for some consumers, the SUV is the best choice for them.With gas prices high and SUV miles per gallon low, which vehicle represents the best value for drivers?According to an Edmunds.com study, the Jeep Patriot is the least expensive SUV to own. The results of the study takes into account depreciation, financing, taxes, fees, insurance premiums, fuel costs maintenance and repairs over a five-year period."Even though gas prices are high, some consumers are still in search of a sport utility vehicle to meet their needs," said Jesse Toprak, executive director of Industry Analysis for Edmunds.com. "For those consumers, vehicles like the Jeep Patriot and Nissan Rogue are relative bargains in their segments."The study was based on regular gasoline prices of $4.09 per gallon for regular gasoline, the national average on July 15.
"One of the most telling aspects of [the study] is how vehicles with similar initial costs can have very different total ownership costs, primarily as a result of dissimilar depreciation rates," said Joe Spina, senior remarketing manager for Edmunds.com. "Almost counter-intuitively, large SUVs are now being discounted so heavily that ownership costs have dropped to the point that they are actually a good buy for the right consumer -- someone who needs an SUV and plans on keeping it for several years."
| Least Expensive SUVs To Own | |
| Compact SUVs | |
| Model | Cost Per Mile |
| Jeep Patriot Sport | $0.486 |
| Mazda Tribute i Sport | $0.494 |
| Jeep Compass Sport | $0.505 |
| Honda CR-V LX | $0.514 |
| Hyundai Tucson GLS | $0.524 |
| Midsize SUVs | |
| Nissan Rogue S | $0.536 |
| Toyota RAV4 | $0.548 |
| Saturn Vue XE | $0.549 |
| Hyundai Santa Fe GLS | $0.593 |
| Suzuki XL7 | $0.603 |
| Large SUVs | |
| Dodge Durango SXT | $0.706 |
| Mazda CX-9 Sport | $0.731 |
| Toyota Sequoia SR5 | $0.745 |
| Chevrolet Tahoe LS | $0.759 |
| Chrysler Aspen Limited | $0.782 |
| Luxury SUVs | |
| Hummer H3 | $0.779 |
| Saab 9-7X 4.2i | $0.868 |
| Lexus GX 470 | $0.966 |
| Mercedes-Benz M-Class ML350 | $1.004 |
| Infiniti QX56 | $1.062 |
| Source: Edmunds.com | |
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