2012 Ford Escape KBB: A Fuel-Frugal Model for Significant Savings

When it comes to buying a new car, many consumers focus on the upfront purchase price and forget about the long-term costs associated with owning that vehicle. However, considering the total cost of ownership can mean significant savings in the long run. The next most-important cost variable to consider is a car's fuel economy.

According to Kelley Blue Book, fuel economy plays a crucial role in determining the total cost of ownership. In fact, the organization begins its depreciation calculations with the average new-vehicle transaction price, which takes into account what car shoppers are actually paying for a new car, not just the Manufacturer Suggested Retail Price (MSRP).

For those leasing a vehicle, understanding the projected value at the end of the contract's term is essential. Payments are largely based on this value, so choosing a model that is predicted to hold its value better over time can make a significant difference.

When looking for a car that is cheapest to own, it's important to consider not just the purchase price but also the projected ownership costs. According to Juan Flores, director of vehicle valuation at Kelley Blue Book, 'The variance in total cost of ownership among relatively less expensive vehicles does not vary by more than $1,000 to $3,000.' However, for luxury or high-end vehicles, this variance can be as much as $8,000 to $20,000.

The 2012 Ford Escape is one model that is predicted to be a cost-effective option. With an estimated fuel economy of up to 23 miles per gallon in the city and 30 miles per gallon on the highway, it's a great choice for those looking to save money on gas.

In addition to fuel costs, other ownership expenses such as insurance, financing, repairs, maintenance, and state sales taxes and registration fees should also be considered. Kelley Blue Book provides a comprehensive breakdown of these costs on their website, kbb.com, which tracks anticipated depreciation, fuel costs, insurance costs, financing, repairs, maintenance, and average state sales taxes and registration fees over a five-year ownership period for most makes and models.

For our list of the Cheapest 2012 Cars to Own, we consulted Kelley Blue Book, which recently announced its inaugural Total Cost of Ownership Awards. According to Flores, 'While a vehicle might be less expensive up front, the cost of fuel, insurance, and other expenditures could make it the less appealing choice for their wallet in the long run.'

By taking the time to compare vehicles on your consideration list and understanding the financial implications involved with cost of ownership, you can make an informed decision when buying a new car. The 2012 Ford Escape is just one example of a fuel-frugal model that could help you save money in the long run.

2012 ford escape kbb