Jeep Wrangler Unlimited, Dodge Grand Caravan Win KBB.com 5-Year Cost-to-Own Awards
When purchasing a new vehicle, it’s always important to not only consider your new car’s price tag, but also the amount of money it will take to keep your car in working order. That’s where the KBB.com 5-Year Cost-to-Own Awards come in. Each year, the prestigious car website determines the vehicles that have the lowest ownership costs in each of the industry’s segments—and it looks like two Fiat Chrysler vehicles have come out on top.
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The Jeep Wrangler Unlimited was recognized as the 5-Year Cost-to-Own award in the Mid-Size SUV/Crossover category. This is the second year in a row this rugged vehicle has come out on top in this category. The Dodge Grand Caravan is also no stranger to KBB.com’s prestigious list. For the second time in three years, this minivan has earned the award in the minivan/van segment.
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Kelley Blue Book calculates the winners of its 5-Year Cost-to-Own award based on each eligible vehicle’s depreciation, expected fuel costs, finance and insurance fees, maintenance costs, and state fees. It then chooses the vehicles with the lowest projected ownership costs from each segment, determining the best, most value-oriented vehicles out on the road today.