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15 Best Compact Cars if You Hate To Spend Money on Maintenance
By Jenny Cohen,
8 days ago
Compact cars can be a good option if you want to save money when buying a new vehicle. But it's important to choose a model that won’t cost you a lot of money after you make the purchase.
That's why you want to select a compact car that won’t break the bank in maintenance expenses. Some cars hold up better than others, and low repair costs help you to keep more cash in your wallet .
Here are some of the best low-maintenance compact cars — both sedans and small SUVs — to consider, according to data compiled by CarEdge.
German carmakers are known for excellent engineering, and that appears to be true for the Volkswagen Golf.
The Golf needs an average of $5,410 in maintenance and repairs over the first decade of ownership, which is $1,354 lower than other hatchbacks in the segment.
13. Mazda 3
Expect to pay $5,409 in maintenance and repair costs during the first 10 years of ownership for a Mazda 3.
That total beats the average for similar sedan models by $1,687.
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12. Nissan Versa
Car Edge estimates that the Nissan Versa will cost about $5,331 to maintain and repair during the first 10 years of service for the vehicle.
That cost is $1,765 better than the average vehicle in the sedan segment.
11. Honda Insight
The Honda Insight sedan will set you back $5,303 for maintenance and repairs during its first 10 years.
The Insight will cost you around $1,793 less than other popular sedans during that same time period.
10. Mitsubishi Mirage G4
The Mitsubishi Mirage G4 will cost you $5,254 for maintenance and repair over the first 10 years.
That beats the average for other sedan models by $1,842.
When it comes to maintenance and repair costs, expect the Corolla to cost you $4,087 over the first 10 years of the vehicle’s life.
That’s more than $3,000 less than the average for popular sedans — saving you precisely $3,009 compared to other vehicles in the segment.
2. Toyota Yaris
Expect to pay $4,027 in repair and maintenance costs over the first 10 years of the life of your Toyota Yaris.
That beats the average for sedan models by $3,069.
1. Toyota Prius
The Toyota Prius hybrid sedan typically requires just $4,008 over the first 10 years of its life for maintenance and repairs.
That beats the industry average for hatchbacks by $2,756 — a figure that should help lower financial stress for buyers who purchase a Prius.
Bottom line
It’s important to think about not only the cost of a vehicle but also the repair and maintenance expenses when you consider buying a new car. Choosing a car with low maintenance costs can boost your bank account.
And remember to factor ways to save on car insurance , repair and maintenance, gas, and other costs into your overall budget when choosing your next new car.
Money tips that can work for everyone
No matter what your bank account balance is, there's always an opportunity to optimize and improve your finances. Here's a quick checklist of things you can look at today.
Earning extra income can give you breathing room. If finances are tight, earning some extra money to supplement your income can make a huge difference. A new job is one option to consider, but if you're not ready to make a big change or already retired, a part-time side job could be a better choice.
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