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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

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.

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

"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."

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