Toyota and Lexus Reign Supreme in KBB’s ‘Cost to Own’ Awards
If you needed a little more assurance that your Toyota purchase was a wise financial move, here you go.
There are many perks to Toyota ownership, as all Toyota owners already know. Things like higher resale values, incredible reliability, and supreme off-road capability, to name a few. So forgive us if we aren’t exactly surprised every single time the automaker takes home an award pertaining to any of those categories. The latest yawn-worthy (yet still impressive) win comes in Kelly Blue Book’s 2019 5-Year Cost to Own Awards.
While most folks don’t really think about what it actually costs to operate a vehicle after you purchase it, this is obviously a pretty important number. And that number can vary greatly depending on things like maintenance and fuel costs, not to mention retained value. Thus, KBB’s Cost to Own Awards analyze all of these categories, along with insurance and state fees and acquisition costs to determine realistic ownership costs.
Having said that, it’s really not a massive surprise that three Toyota vehicles topped their respective segments. The Tacoma took home Best Mid-Size Pickup, the Tundra Best Full-Size Pickup, and the Prius scored Best Hybrid Car honors.
In addition, Lexus took home Best Luxury Brand honors as well as five category wins. The Lexus UX for Best Luxury Subcompact SUV/Crossover, Lexus NX for Best Luxury Compact SUV/Crossover, Lexus RX for Best Luxury Mid-Size SUV/Crossover (2-row), and Lexus GS for Best Luxury Car.
So rest assured, Toyota and Lexus fans. You’ve made a wise financial decision with your purchase, even years into ownership. Not that we really needed to tell you that, of course. But it’s still nice to receive a little validation several times a year!
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