This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Great New Cars for Cheapskates

Fifth-best 2013 for cheapskates: Nissan Versa
Five-year cost of ownership: $30,147

Fair purchase price: $15,233

This subcompact sedan from Nissan (NSANY) has a generous trunk and plenty of room for four adults, but still gets a thrifty 31 mpg/city and 40 mpg/highway when outfitted with an available continuously variable automatic transmission. That means you'll pay just $9,551 over five years for gas vs. $14,184 for the average 2013 model, according to KBB estimates.

The firm also predicts the Versa will depreciate by only $9,313 over five years -- way below 2013's $24,672 average.

Low five-year costs for financing ($1,076 vs. 2013's $2,775 average), taxes/title ($1,371 compared with a $3,519 average), maintenance ($2,331 against a $2,601 average) and repairs ($1,814 vs. $2,478) only add to the car's affordability.

In fact, the Versa's only real drawback is its relatively high insurance costs: an estimated $4,691 over five years. That's below 2013's $5,046 five-year average for all vehicles, but above the $3,997 premium that this year's typical subcompact carries.

Gutierrez says the Versa has elevated insurance costs because the model has been around for six years, giving underwriters more time than they've had with newer subcompacts to estimate accident rates accurately.

Nonetheless, KBB estimates owning Versa will cost you a shade above $30,000 over five years -- 45.5% less than the $55,274 average for all 2013s.

2 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
NSANY $20.95 0.01%
F $15.29 -0.20%
TM $139.74 0.70%
AAPL $131.78 -0.20%
FB $80.14 -0.50%

Markets

DOW 18,126.12 -36.87 -0.20%
S&P 500 2,120.79 -2.69 -0.13%
NASDAQ 5,097.9760 -8.6170 -0.17%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs