Experts Reveal Cars with Cheapest Total Cost of Ownership (TCO)
A recent study by automotive data experts HPI has unveiled the cars with the lowest Total Cost of Ownership (TCO), helping budget-conscious motorists identify the most economical vehicles to run.
The analysis examines TCO for vehicles over three years and 30,000 miles, considering key factors such as servicing, repairs, and depreciation. The results highlight the Dacia Sandero Hatchback as the most affordable car to run, with a total cost of £11,042.84. That breaks down to just £306.75 per month or 36.8p per mile.
Top 10 Cars with the Lowest TCO
Here’s the list of the top 10 cars with the cheapest running costs over three years:
- Dacia Sandero Hatchback – £11,042.84
- Hyundai i10 Hatchback – £11,765.78
- Kia Picanto Hatchback – £11,981.28
- Toyota Aygo X Hatchback – £11,983.52
- Dacia Sandero Stepway Hatchback – £11,986.65
- MG Motor UK MG3 Hatchback – £12,049.18
- Citroën C3 Hatchback – £12,130.52
- Suzuki Swift Hatchback – £12,237.63
- Fiat Panda Hatchback – £12,738.66
- Suzuki Ignis Hatchback – £13,299.75
Why TCO Matters
Understanding a car’s TCO is crucial for anyone on a budget, as it goes beyond just the purchase price. TCO reflects the true cost of owning a vehicle by accounting for:
- Depreciation: How much value the car loses over time.
- Fuel costs: Based on efficiency and average use.
- Maintenance and repairs: Routine servicing, tyre replacements, and brake pad wear.
- Road tax: Varies based on emissions and vehicle specifications.
Calculate Your Car’s Running Costs with HPI
HPI offers a comprehensive TCO Check, enabling drivers to estimate their vehicle’s running costs simply by entering the registration details. This powerful tool provides real-time data on ownership costs over three years, giving a detailed breakdown of expenses.
With features like:
- Cost forecasting: Know what to expect for maintenance and repairs.
- Real-time updates: Live data ensures accuracy.
- Breakdowns by category: From fuel and servicing to road tax.
The TCO Check is ideal for helping motorists make informed decisions before purchasing a vehicle.
Expert Insights from HPI
Andrew Turner from HPI explains:
“Checking a car’s TCO is invaluable for buyers on a tight budget. By entering a vehicle registration number or selecting a make and model, drivers can find out which cars hold their value, have the lowest running costs, and offer the best fuel efficiency. This insight empowers motorists to select vehicles that match their needs and lifestyle.”
Andrew also highlights the hidden costs of car ownership:
“Many ownership costs are overlooked, leading to unexpected expenses later. By showing the total running costs upfront, we help drivers avoid surprises and make confident, informed choices when buying a car.”
Plan Ahead and Save More
With HPI’s TCO Check, motorists can compare vehicles to find the best value and ensure their chosen car fits their financial plans. From fuel economy to servicing costs, the tool provides all the details needed to make a smart purchase.
Visit HPI’s TCO Check to learn more and start saving on your next car purchase.
