Toyota Rav4’s 5-year cost of ownership vs. Competition
The RAV4 Cost-to-Own Comparison
Toyota’s RAV4 represents one of the most rugged, dependable, and enduring compact utility vehicle lines on the market. As of 2016, they also represent the one with the lowest cost to own. The MSRP on the newest RAV4 models is $27,170, with an estimated cost of ownership over 5 years of $29,681.
How Cost of Ownership is Determined
The way that cost of ownership is determined is by calculating a vehicle’s estimated depreciation, along with its costs to operate, including insurance, fuel, taxes, and any maintenance or repair costs. Since many of the numbers are estimates pulled from collected data, it’s common to see a few differences between different authorities making this estimate. Still, despite small changes in estimates, the overall best deal can be found by looking for the vehicles identified by the most groups as the best deal.
How the RAV4 Compares
The RAV4 has a slightly higher MSRP than many of its competitors. When you look at that next to its lower cost of ownership, that implies it depreciates significantly less than many of its competitors. The rest of the story is told in its fuel, maintenance, and insurance costs—all of which lean toward the less expensive side for its class.
Beating the Estimate
Doing better than the cost to own estimates is a matter of understanding them, and RAV4 owners can beat the competition even more by carefully shopping for insurance deals and taking care of maintenance items conscientiously and in a cost-effective way. It’s also worth mentioning that the cost of ownership is based on MSRP, meaning that Toyota fans can get their new RAV4 with manufacturer’s incentives or dealership cash back and sales programs to save even more. Similarly, high fuel and other consumption costs may sway the estimate in the other direction.
For those looking to get the most out of a compact utility vehicle, the 2016 RAV4 stands head and shoulders above the competition, delivering more power and performance for its dollar than any other vehicle in its class.
2016 TOYOTA RAV4 – NHTSA 5-STAR OVERALL SAFETY RATINGGOVERNMENT 5-STAR SAFETY RATINGS ARE PART OF THE NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION’S (NHTSA’S) NEW CAR ASSESSMENT PROGRAM (WWW.SAFERCAR.GOV)
90% OF ALL RAV4S SOLD OVER THE LAST 10 YEARS ARE STILL ON THE ROAD TODAY.BASED ON IHS AUTOMOTIVE: POLK U.S. VEHICLES IN OPERATION REGISTRATION STATISTICS MY 2006-2015 AS OF JULY 2015.