The Ford Mustang was recently awarded Kelley Blue Book's 2014 5-Year Cost to Own Award for the Sports Car category. In a nutshell, the award is given to 2014 model-year vehicles and brands with the lowest projected ownership costs. According to KBB.Com, they base their awards on depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees for new models.
"New-car shoppers naturally want to know how much a car will cost upfront; however, sometimes an even more expensive car can actually save you money during the first five years of ownership," said Dan Ingle, vice president of vehicle valuations for Kelley Blue Book. "Kelley Blue Book's 5-Year Cost to Own information evaluates the other out-of-pocket expenses drivers will incur, which helps consumers choose the vehicle that fits them and their wallets best, helping save money down the road."
Congrats Team Mustang! To see all the award winners, go here.
Photo Courtesy of Ford Motor Company