Takashi Yamanouchi, chief executive officer of Mazda Motor Corp., poses with the company's new CX-5 sport-utility vehicle (SUV) during its launch in Tokyo, Japan, on Thursday, Feb. 16, 2012. Mazda, the most unprofitable among Japan's eight biggest carmakers, rose to a three-month high after Yamanouchi said the company's in talks to form an alliance. Photographer: Haruyoshi Yamaguchi/Bloomberg via Getty Images
KUSA - With gas prices back on the rise there is more to think about than just initial price when purchasing a new car.
Kelley Blue Book has released a list of the 2013 5-year Cost to Own award-winning vehicles. These cars are the best new models for lowest projected costs during those first five years of ownership.
KBB says that the amount you pay for a car up front minus the amount you get back when you sell it is usually less than half of the total cost of owning a vehicle over five years. This means that if you pay $40,000 for a new car and sell it for $15,000, the difference is $25,000 but you would have likely spent at least $50,000 maintaining the car over a five-year period.
9NEWS Business Reporter Gregg Moss spoke with KBB's Alec Gutierrez Monday morning. Gutierrez showed three cars that were among the best in their category for this year's five-year cost to own awards.
"First is the Buick Verano which starts at around $26,000, can be auctioned up to about $30,000 overall. Definitely a great option for someone looking for a great entry-level luxury car that offers both fuel efficiency and performance," Gutierrez said.
The Lexus GS was another award winner.
The car has been redesigned for 2013 and won in the luxury car category.
"Lexus as a brand actually won our number one luxury car manufacturer title overall," Gutierrez said.
The Lexus GS gets around 300 horsepower with its V6 engine while still getting about 30 miles per gallon.
"Next up we've got the Mazda CX5 which is representative of Mazda, who won our most affordable category for a non-luxury brand."
The Mazda CX5 gets about 35 miles per gallon and according to Gutierrez, is a great choice for someone looking for a more spacious vehicle.
For more details about the award-winning cars and brands visit KBB.com.
Morgan Aguilar contributed to this report
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