Open in App
  • Local
  • U.S.
  • Election
  • Politics
  • Sports
  • Lifestyle
  • Education
  • Real Estate
  • Newsletter
  • FinanceBuzz

    15 Best Compact Cars if You Hate To Spend Money on Maintenance

    By Jenny Cohen,

    8 days ago

    https://img.particlenews.com/image.php?url=3qO7P2_0vHNLXrk00

    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.

    Make Money: 8 things to do if you're barely scraping by financially


    15. Toyota C-HR

    https://img.particlenews.com/image.php?url=4THnYL_0vHNLXrk00 Courtesy of Toyota

    Toyota’s compact C-HR SUV typically needs $5,425 for maintenance and repairs during its first 10 years.

    That is $3,708 better than other popular SUV models.

    Own a car? Here's 7 warning signs you're paying too much for car insurance.

    14. Volkswagen Golf

    https://img.particlenews.com/image.php?url=1w08a6_0vHNLXrk00 Courtesy of Volkswagen

    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

    https://img.particlenews.com/image.php?url=0ZwjDn_0vHNLXrk00 Courtesy of Mazda

    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.

    Enjoying our content? Click the Follow button above to see more from us.

    12. Nissan Versa

    https://img.particlenews.com/image.php?url=2u9K5E_0vHNLXrk00 Courtesy of Nissan

    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

    https://img.particlenews.com/image.php?url=2ETP9o_0vHNLXrk00 Courtesy of Car and Driver

    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

    https://img.particlenews.com/image.php?url=0LKEr1_0vHNLXrk00 Courtesy of Mitsubishi

    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.

    Get Out of Debt for Good: Try these 6 clever ways to crush your debt

    9. Honda Civic

    https://img.particlenews.com/image.php?url=1TJ46W_0vHNLXrk00 Courtesy of Honda

    The Honda Civic will cost you slightly less than the Mirage G4 in maintenance and repair costs — $5,245 over 10 years.

    It is also $1,851 less than other sedan models.

    8. Toyota Supra

    https://img.particlenews.com/image.php?url=2AaaZA_0vHNLXrk00 Courtesy of Toyota

    The sporty Supra will cost you an average of $4,950 over 10 years for repairs and maintenance.

    That is $2,473 better than other coupe models.

    7. Mitsubishi Mirage

    https://img.particlenews.com/image.php?url=4WfTM7_0vHNLXrk00 Courtesy of Mitsubishi

    The Mirage — which is a hatchback compared to the Mirage G4 sedan — will likely require $4,939 in maintenance and repair costs over 10 years.

    That cost is $1,825 less than other hatchback models in the same segment.

    Grow Your $$: 11 brilliant ways to build wealth after 40

    6. Honda Fit

    https://img.particlenews.com/image.php?url=280RSR_0vHNLXrk00 Courtesy of Car and Driver

    The Honda Fit will cost you an average of $4,915 in maintenance and repair over a decade.

    That means it will cost an average of $1,849 less to repair or maintain the Fit compared to other hatchback models.

    5. Toyota Camry

    https://img.particlenews.com/image.php?url=1Qfr5v_0vHNLXrk00 Courtesy of Toyota

    The Toyota Camry — the best-selling sedan in the U.S. in 2022 — needs about $4,203 in maintenance and repair costs for the first 10 years.

    That beats other sedans in the Camry’s class by $2,893.

    4. Toyota Prius Prime

    https://img.particlenews.com/image.php?url=1E2u8m_0vHNLXrk00 Courtesy of Toyota

    The Toyota Prius Prime is a plug-in hybrid vehicle that costs about $4,098 for repair and maintenance over the first 10 years.

    That's $2,666 less than other popular hatchback models.

    Are you a homeowner? Discover 8 savvy money moves to stretch your budget

    3. Toyota Corolla

    https://img.particlenews.com/image.php?url=4MtFXe_0vHNLXrk00 Courtesy of Toyota

    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

    https://img.particlenews.com/image.php?url=1IWtVr_0vHNLXrk00 Courtesy of Car and Driver

    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

    https://img.particlenews.com/image.php?url=3ZJHL1_0vHNLXrk00 Courtesy of Toyota

    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.

    Focus on paying off your debt . Debt can hold you back from making progress with your overall financial well-being. Aside from cutting expenses, there are tools that can help you pay off debt faster like balance transfer credit cards and debt counseling.

    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.

    Cut your expenses. It sounds painful and so not fun, but it doesn't have to be. Take a look at your biggest expenses because that's where you'll probably find the biggest savings. For example, auto insurance rates have been soaring so shopping around for a new insurance company can be the fastest way to cut your bill. Also, look for ways to cut your grocery bill (despite rising inflation).

    Expand All
    Comments /
    Add a Comment
    YOU MAY ALSO LIKE
    Local News newsLocal News
    madisoncountymagazine.com6 days ago

    Comments / 0