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Vern Eide Mitsubishi in Sioux Falls is proud to announce the 2020 Outlander has won Kelley Blue Book’s 5-Year Cost to Own Award for the second year in a row. This award honors new vehicles with the lowest projected ownership costs over a five-year period of operation and the 2020 Mitsubishi Outlander claimed its win in the three-row Mid-Size SUV category.
Mitsubishi’s flagship SUV model won its second consecutive Kelley Blue Book 5-Year Cost to Own Award thanks to a spacious three-row interior paired with its low starting price. Also, Kelley Blue Book recognized Outlander for its fuel efficiency the excellent value offered by the 2020 Outlander SE trim level, which includes the following standard features:
“The Outlander is currently the most affordable three-row vehicle on the market, and its operating costs are competitively low in every area. It also has the lowest fuel costs in the segment and its financing costs and repair expenses are also low in comparison to its competitors.”
According to Kelley Blue Book the predicted 5-year cost to own a 2020 Mitsubishi Outlander is $40,995. What factors determine a vehicle’s 5-Year Cost to Own? The formula is simple: Out of pocket expenses + Loss in value = 5-Year Cost to Own.
These are vehicle-related costs you will probably experience during the first five years of owning your car, including fuel, auto insurance, state fees, financing, routine maintenance, and repairs.
Otherwise known as depreciation, is the difference between what you paid for the vehicle and what your vehicle is worth after five years of ownership.
The Kelley Blue Book 5-Year Cost to Own Award is meant to help new car shoppers with their purchasing decision by breaking down typical ownership costs and recognizing the brands and models with the lowest projected five-year total.
Kelley Blue Book has been the vehicle valuation and trusted information source for both car shoppers and the automotive industry since 1926. The company has products and services ranging from their top-rated KBB.com website and Blue Book® Trade-In Values to the Kelley Blue Book® Price Advisor tool and Kelley Blue Book℠ Instant Cash Offer. The Kelley Blue Book 5-Year Cost to Own Awards are meant to help new-car shoppers with their purchasing decision by breaking down typical ownership costs and recognizing the brands and models with the lowest projected five-year total.