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Thread: Cheapest to own

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    Cheapest to own

    https://www.motor1.com/features/1491...o-own/2955482/


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        click to view fuel log View my fuel log 2014 Mirage SE 1.2 manual: 45.0 mpg (US) ... 19.1 km/L ... 5.2 L/100 km ... 54.1 mpg (Imp)


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    Interesting how they found the operating costs. I'm just glad the Mirage is pretty simple to work on. Open the hood and most of the 'stuff' in the engine bay are pretty easy to get around.

    Also, I think the Mirage is the cheapest car out there right now. My local dealer has crazy good deals right now and if you 'qualify' for those deals, you could walk out with a 2017 Mirage for right over $9,000 O_o!

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        click to view fuel log View my fuel log 2015 Mirage DE 1.2 manual: 43.9 mpg (US) ... 18.7 km/L ... 5.4 L/100 km ... 52.8 mpg (Imp)


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    $9000-10,000

    Quote Originally Posted by 2of9 View Post
    Interesting how they found the operating costs. I'm just glad the Mirage is pretty simple to work on. Open the hood and most of the 'stuff' in the engine bay are pretty easy to get around.

    Also, I think the Mirage is the cheapest car out there right now. My local dealer has crazy good deals right now and if you 'qualify' for those deals, you could walk out with a 2017 Mirage for right over $9,000 O_o!
    I doubt they used a new $9,000-10,000 Mirage in their calculations. The Mirage is a affordable, economical, & reliable. If professional auto reviewers were doing their jobs better, more people would know it. Thankfully, Mirage owners are getting the message out there somewhat.

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    I love this list. Mitsu is in it twice. Both times for cars that every reviewer hates.
    I especially loved the Audi A3 e-tron.. Plug it in all night and it goes 16 miles! 16 miles! Then it's just a mediocre hybrid @ 34 mpg. What a joke.
    Will weld for beer.

        __________________________________________

        click to view fuel log View my fuel log 2014 Mirage SE 1.2 automatic: 45.3 mpg (US) ... 19.3 km/L ... 5.2 L/100 km ... 54.5 mpg (Imp)


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    Great article, but I have to give it to the iM. Drove one recently and it can be had for 15k. Great car and the seating and cabin is close to lexus territory I am sure you can get around 35mpg avg with the stick.
    2018 Mirage G4 1.2 ES CVT (Wife's current car)
    2017 Mirage G4 1.2 ES CVT Smartphone Link Display Audio (SDA) System(Crashed)
    2014 Mirage DE 1.2 Manual and BT (Sold)
    2015 Lancer SE 2.4 AWC (daily driver)
    2000 Mirage DE 1.8 Auto (Sold)

        __________________________________________

        click to view fuel log View my fuel log 2017 Mirage G4 ES CVT 1.2 automatic: 42.0 mpg (US) ... 17.9 km/L ... 5.6 L/100 km ... 50.4 mpg (Imp)


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    I'm currently deciding which car to buy as the second car in my family, probably later this year. I don't know if this is the case for everyone, but on my insurance (Progressive) in the DC area, the Mirage is far more expensive--about 25% percent more than a Versa or a Fiesta, for example, and 50% more (!) than a Fit. It really hurts the Mirage's long-term cost of ownership. If the insurance cost were more in line with other subcompacts, the Mirage would be a no-brainer. The fuel economy helps offset the insurance a tad, but I don't drive enough for it to make a huge difference.

    On a separate note, I agree that the Corolla iM is a phenomenal value. I keep returning to it as the logical choice--reasonable purchase price, low insurance, relatively safe, and decent fuel economy. You can't get one for $15k around here at the moment (they're more in the $17-$17.5K range), but the price should drop toward the end of the model year.
    Last edited by mainertodd; 04-16-2018 at 09:57 PM.

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    Moderator Eggman's Avatar
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    Is the difference in insurance premiums covered by the difference in purchase cost?

        __________________________________________

        click to view fuel log View my fuel log 2015 Mirage ES 1.2 manual: 50.1 mpg (US) ... 21.3 km/L ... 4.7 L/100 km ... 60.1 mpg (Imp)


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    The mirage is costly to insure no doubt.

    Our mirages are at about 270/6mo full coverage. My 4wd tundra is only 10.00 more for 6mo!
    And my last daily driver a 08 Elantra was only 185/6mo all the same coverages.

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    Quote Originally Posted by Eggman View Post
    Is the difference in insurance premiums covered by the difference in purchase cost?
    Yes, partially. And the Mirage's excellent fuel economy helps too. But then you get into a situation where, for example, a Fit Sport costs $4000 more but ends up being only $2000 more over ten years once fuel and insurance are factored in. That makes it tougher to justify NOT getting the more powerful, more refined car. (Not that I don't think the Mirage has plenty of virtues--reading this forum has made that clear!)

    There are definitely disadvantages to taking an overly analytical approach to car buying. I have a pretty extensive spreadsheet of all the different options...I keep waiting for an "obvious answer" to emerge, but alas. In the end, I'm sure I'll just test drive all the finalists and buy the one I like the most. ;-)

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    Quote Originally Posted by mainertodd View Post
    I'm currently deciding which car to buy as the second car in my family, probably later this year. I don't know if this is the case for everyone, but on my insurance (Progressive) in the DC area, the Mirage is far more expensive--about 25% percent more than a Versa or a Fiesta, for example, and 50% more (!) than a Fit. It really hurts the Mirage's long-term cost of ownership. If the insurance cost were more in line with other subcompacts, the Mirage would be a no-brainer. The fuel economy helps offset the insurance a tad, but I don't drive enough for it to make a huge difference.

    On a separate note, I agree that the Corolla iM is a phenomenal value. I keep returning to it as the logical choice--reasonable purchase price, low insurance, relatively safe, and decent fuel economy. You can't get one for $15k around here at the moment (they're more in the $17-$17.5K range), but the price should drop toward the end of the model year.

    You are so right about the insurance. The mirage and lancer cost me 247/month. Other cars would be 20-25 percent less. The more common cars are way cheaper to insure.


    2018 Mirage G4 1.2 ES CVT (Wife's current car)
    2017 Mirage G4 1.2 ES CVT Smartphone Link Display Audio (SDA) System(Crashed)
    2014 Mirage DE 1.2 Manual and BT (Sold)
    2015 Lancer SE 2.4 AWC (daily driver)
    2000 Mirage DE 1.8 Auto (Sold)

        __________________________________________

        click to view fuel log View my fuel log 2017 Mirage G4 ES CVT 1.2 automatic: 42.0 mpg (US) ... 17.9 km/L ... 5.6 L/100 km ... 50.4 mpg (Imp)


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