The Honda Jazz has been topped probably the most budget-friendly automobile, with a full tank costing £62.04 and a median three-year depreciation fee of 35%, in line with new analysis by Confused.com automobile insurance coverage which ranked the 50 hottest automobile fashions.
It seemed on the 50 hottest vehicles made within the final 5 years based mostly on information from the Division for Transport and Driver and Car Licensing Company to find out which have probably the most cost-effective operating prices, which took under consideration price to fill the tank, price of a full service, automobile tax, gas effectivity and depreciation over three years.
Assigning every automobile a rating out of 10 to indicate which is probably the most cost-effective, it revealed the Honda Jazz is probably the most cost-effective automobile. In a separate by What Automobile? survey, the Honda Jazz (2015-2020) additionally achieved a 100% rating for total reliability.
Honda Jazz: 8.69/10
- Estimated price to fill tank: £62.04
- Common full service price: £156
- Common annual automobile tax: £170
- Miles per pound: 9.2
- Common 3-year depreciation fee: 35%
Confused.com mentioned the Honda Jazz strikes a steadiness between gas financial system and repair prices and retains its worth over time. Its 9.2 miles per pound exhibits it has good gas financial system, and a low worth lack of 35% over 3 years means it retains its worth effectively.
Toyota Yaris: 8.49/10
- Estimated price to fill tank: £65.14
- Common full service price: £177
- Common annual automobile tax: £170
- Miles per pound: 9.3
- Common 3-year depreciation fee: 29%
Confused.com mentioned the Toyota Yaris is shut behind the Honda Jazz, with higher gas effectivity at 9.3 miles per pound. It additionally has a 3-year depreciation fee of 29%, among the many lowest for the preferred vehicles within the nation. However it has increased service and gas prices than the Honda Jazz.
Toyota Aygo & Citroën C1: 8.41/10
- Estimated price to fill tank: £54.28
- Common full service price: £184 (Aygo) / £182 (C1)
- Common annual automobile tax: £90
- Miles per pound: 8.3 (Aygo) / 8.1 (C1)
- Common 3-year depreciation fee: 40%
Confused.com mentioned the Toyota Aygo and Citroën C1 share third place with similar cost-effective scores of 8.41/10. Among the many high 3, they’ve the bottom yearly automobile tax and the most affordable price to fill a tank, although their gas effectivity is decrease. Their 3-year depreciation fee is 40%, which is affordable however increased than the two vehicles ranked above them.
Assessing the vehicles on particular person classes, Confused.com mentioned the most affordable vehicles to fill had been: the Toyota Aygo, Citroën C1, Fiat 500 and Kia Picanto which every has a gas capability of 35 litres, costing £54.28 based mostly on a median petrol price of £1.55 a litre (as of October 16, 2023).
The automobile with the bottom common service price was the Honda Jazz at £156. whereas the vehicles least expensive to tax had been the Toyota Aygo, Nissan Micra and Citroën C1 and C3 which share the bottom common annual automobile tax.
Louise Thomas, motor insurance coverage knowledgeable at Confused.com automobile insurance coverage, mentioned: “Selecting your first automobile is an thrilling but important resolution. It offers you mobility however also can have an effect on your funds and even your security. “Selecting your first automobile effectively is vital to serving to handle how a lot you must spend on its ongoing operating prices. It’s not nearly proudly owning a automobile, however one that does not pressure your pockets, retains you secure and meets your wants. This alternative units the tone on your future automobile choices, educating you to prioritise the necessities over appears to be like or velocity. It’s a long-term funding that ought to match your way of life and monetary scenario.”
Confused.com automobile insurance coverage seemed on the following components for every automobile, giving every a rating out of 10 for every issue, then averaged these scores. For components that change based mostly on the mannequin model, like automobile tax and miles per pound, it used the center worth of the vary. Confused.com utilized the next metrics: