Kelley Blue Book 5 Year Cost to Own Winners – Ford News
It was recently announced that Kelley Blue Book and KBB.com have recognized four Ford products as new vehicles with the lowest projected ownership costs in their classes by awarding them with 2016 5-Year Cost to Own Awards! This is due to improvements including lower depreciation, insurance and maintenance costs than competitors.
The awards are based on Kelley Blue Book’s 5-Year Cost to Own data for new cars for the initial five-year ownership period. Data showed Ford’s newest vehicles to have the lowest estimated out-of-pocket expenses incurred beyond the initial purchase price based on class. The 5-Year Cost to Own information takes into consideration depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees.
Category: Full-Size SUV Explorer continues to beat the competition thanks to lower fuel and maintenance costs, along with a lower depreciation value. The Ford Explorer built on 25 years of innovation with new technologies including front and rear cameras with washers, a segment-first feature Enhanced active park assist with perpendicular park assist, park-out assist and semi-automatic parallel parking and a high-end Platinum model.
Category: Sporty Compact Car The sporty Focus ST beat out the competition due to lower depreciation and insurance costs. The Focus ST has been updated with Ford’s new SYNC3 operating system with 8-inch touch screen offering customers an enhanced voice recognition and entertainment experience.
Category: Full-Size Pickup Truck F-150 has low Kelley Blue Book Fair Purchase Price, insurance and fuel costs. Ford’s F-150 introduced segment-first Pro Trailer Backup Assist technology, making it easier for drivers of all skill levels to back a trailer up to launch a boat or park in a driveway.
Category: High Performance Car Mustang GT has strong residual values and a low Fair Purchase Price and maintenance cost. The Mustang GT continued to set the standard for performance with advanced materials, aggressive brakes and finely tuned aerodynamics to push the performance of Mustang to previously unmatched levels.
Kelley Blue Book 5-Year Cost to Own information is developed using Kelley Blue Book Residual Values to calculate depreciation costs. Kelley Blue Book calculates total ownership costs for new vehicles by applying a sophisticated valuation methodology along with critical financial data from third-party providers.
If you are interesting in test driving any of these award winning Fords, or any other amazing Ford vehicles here at Beach Ford, give us a call at (843) 839-8168 today!