Why it’s important to look at the total cost of ownership when buying a new runabout…
The latest data from automotive industry experts CAP reveals that the total cost of ownership – which includes depreciation, maintenance, fuel and insurance – varies significantly between city cars.
The Suzuki Celerio offers the best value, with monthly costs of just £192, as well as an initial price tag of £6,944.
According to the cap data, the three city cars with the highest service and maintenance costs are the Peugeot 108, starting from £797 per month, the Citroen C1 starting from £771 and the Vauxhall Viva starting from £725.
However, despite the high service and maintenance costs, all three appear among the best overall buys, when looking at total cost of ownership.
In contrast, the Smart ForFour Night Sky Hatchback, has the highest, monthly maintenance costs at £1,251, contrasting with the Toyota Aygo, which costs just £441 in servicing, offering great value in the top three.
“The good news is that there are very attractive new car offers, with low rate PCP headline figures,” said cap’s Philip Nothard.
“For instance, the Suzuki Celerio is just £79 per month over 42 months and the Hyundai i10 offers a 24-month PCP at payments as low as £89 per month.
“Due to this sector being the lower-cost vehicles, they have been subject to the increased registration through pre-registrations, as they continue to be a popular option for motorists.”
TOP FIVE TOTAL COST OF OWNERSHIP* MODELS
|Manufacturer||Model||Total cost of ownership||Monthly running costs||Annual maintenance costs|
BOTTOM FIVE TOTAL COST OF OWNERSHIP* MODELS
|Manufacturer||Model||Total cost of ownership||Monthly running costs||Annual m maintenance costs|
|Smart||ForFour Night Sky||£12,483||£346||£1,251|
*Total Cost of Motoring based on:
● City Car Sector
● 36-months ownership
● Registration date: 01 January 2016
● 10k per annum (total 30K)
● Top/Bottom 10 based on Monthly Cost of Motoring