When it comes to shopping for a new car, it is crucial to factor in the cost to own a vehicle as you determine what you can afford. The cost to own doesn’t just mean what a vehicle costs to buy or lease, but it includes everything from fuel costs to insurance needs to regulat maintenance requirements and more. That’s why Kelley Blue Book’s prestigious list of 5-Year Cost to Own Awards list is so helpful to new car buyers. Since three Buick models were named to the list for the second year in a row, naturally, we wanted to share those results with you.
The Buick Verano, Encore, and Enclave models each won the award in their individual segments: the Verano was named winner among entry-level luxury cars. The Encore was named winner of the Luxury Compact SUV/Crossover class, and the Enclave for the Luxury Full-Size SUV/Crossover segment.
Estimated cost of ownership is determined by factors such as the lowest expected depreciation, fuel cost predictions, finance and insurance fees, cost for maintenance and repair, and even state registration fees.
The Verano’s expected costs of ownership are more than $9,200 less than the average costs for its segment. The Encore’s costs are $14,370 lower than the category average, and the Enclave beats the class average by $17,509.
That’s a testament to the impressive value of Buick’s models. Not only can you find a great deal on the initial price of your new Buick here at Simi Valley Buick GMC, but these three models have also proven they are better able to maintain their overall value once they leave our lot. That’s a win-win.