Top 10 cheapest 2022 SUVs to own
New car prices continue to rise and continue to make headlines. But there are other costs associated with ownership that are rising just as rapidly. We are talking about SUV maintenance costs. You’ve probably heard stories of crazy prices paid for service at expensive import shops. The other side of it is the cheapest vehiclesin this case, SUVs, to own.
Recently, Kelley’s Blue Book analyzed repair costs, fuel costs and even five-year depreciation to determine the most efficient and least expensive SUVs to own. With this data, KBB determined the 10 cheapest SUVs to own over a five-year period.
2022 Hyundai Venue
The front-drive 2022 Venue is Hyundai’s entry level stab in the SUV segment. It has a low entry between $19,000 and $22,250, the least of the SUVs featured here. Compared to all other entries in this category, it cost nearly $7,000 less to run over five years.
Subaru Outback 2022
With an MSRP of $28,395, the Outback raises the price of the Venue. But it comes with standard all-wheel drive and continues to hold its value when it comes time to sell it. This is also the first year of the Outback refresh. KBB estimates that buying an Outback saves you $6,730 over others in this category.
2022 Subaru Ascent
Factoring in its higher MSRP, the Ascent saves buyers $4,121. It has the advantage of offering a large loading capacity as well as eight seats. But surprisingly, it does not offer hybrid power or a V6 engine. Still, it offers plenty of driver safety and convenience features for a starting price of $33,895.
2022 Nissan Armada
Given its higher starting price of $49,000, the Armada still saves $6,822 over five years. This is Nissan’s premium SUV, featuring body-on-frame construction like the Lincoln Navigator and Chevy Suburban. That means 8,500 towing capacity, not to mention four-wheel drive.
2022 Ford Bronco
Due to its popularity, many of you will be happy to hear that the Ford Bronco does well in this category. Five-year cost of ownership is estimated at $47,961, representing an average five-year savings of $3,059 over its competitors.
2022 Lexus UX
Yes, a Lexus snuck into that data, which just happens to be the cheapest Lexus you can buy. With a Lexus comes that Lexus quality, which takes into account the costs over five years. In this case, the UX will save $3,224.
2022 Lexus NX
This plug-in hybrid starts at just under $40,000 but has a wide range of engine choices. Compared to others in the segment, the NX saves over five years $6,219.
2022 Lexus RX
Yes, it seems that Lexus dominates this segment. This premium two-row SUV has been the best-selling luxury vehicle for many years. Starting at $46,645, over five years, it saves $12,156 over comparable models.
2022 Acura MDX
Moving up one to three rows the MDX will save an average of $7,193. With an all-new platform, it can also be purchased with the high-performance Type S upgrade with 355 hp.
2022 Lexus LX
Closing this treaty is, however, one more Lexus. The LX saw a new design for 2022, featuring a twin-turbo V6 and a 10-speed transmission combo. With an MSRP starting at $88,245, averaged over five years, it saves owners $12,698.