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    March 12, 2021

    Useful information

    How much do cheap cars cost

    How much do cheap cars cost

    On average, a cheap car costs $ 7,000. But for many motorists who do not buy an expensive car – it’s a matter of time. For them, this is simply a profitable and cheapest offer for a vehicle that they will soon replace. On the other hand, the cheapest offer is rarely cheap to operate a car. That is, it concerns quality and technology, as well as actual costs. Only maintenance and depreciation make up a large amount that the car owner loses. We learned and today we will tell you which model among cheap cars is really a valuable find. Based on our calculations, you will be presented with several cars that have a low price. But before that, let’s consider: why are there cheap cars and what affects their cost?

    1. Car class. There are different cars that differ in their price segment. Here everything is simple, because you can draw an analogy with clothes. For example: there is the production of mass market (which is popular among the general public) and branded items (which are unique and much more expensive);

    2. Complete set. An equally important factor is how the car will be equipped. Details, a powerful engine and a leather interior will increase the current price of the vehicle.

    The cheapest and best

    How much does cheap car cost? Dacia Logan for $ 6,800 and Renault Twingo $ 7,300. The cost of these candidates is the average in the American automotive market. We also took into account cars with the best depreciation rates. For example: we analyzed their validity period over four years. The annual mileage is 11,500 kilometers. The total mileage is 46,000 kilometers. So, calculating taxes, insurance (compulsory or comprehensive insurance), fuel (the most popular and tested by consumers), maintenance and wear of parts – they are profitable in each presented model. The residual value of the above parameters is calculated from this amount. After all, after four years, the owner of such a car does not go into the money “minus”. The difference leads to a total cost of four years and from this you can easily determine the cost per month and kilometer.

    Why such a form of calculation? We consider the depreciation point (purchase price minus residual value) – this is one of the largest ways to track costs. For example, a model with an average residual value of 52 percent, such as the Kia Picanto, has a depreciation of $ 300, which is still ahead of service plus wear and tear or fuel.

    Of course, every car owner is interested in profitable purchase, operation and future sale (with a minimum percentage of depreciation) of the vehicle.

    Therefore, we have compiled for you a list of cars that occupy a leading position in the above indicators.

    • Chevrolet Matiz;

    • Ford Ka Student;

    • Fiat Panda;

    • Volkswagen Fox;

    • Suzuki Alto;

    • Daihatsu Cuore;

    • Renault Twingo;

    • Kia Picanto;

    • Hyundai Atos;

    • Dacia Logan.

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