What's a TCO? We're glad you asked. It's "Total Cost of Ownership," a metric that takes into account not just the price of a vehicle, but also all the other costs that go into owning and operating it. It's important to understand if you're trying to be smart with your money (and these days, who isn't?). Keyes Toyota shows one more way that Toyota vehicles outperform.
When most people shop for a new car in Van Nuys, they're looking at the sticker price alongside the usual concerns about body style, trim levels, and options. There's nothing wrong with that, but we'd suggest taking a deeper look. TCO helps you do that. Usually calculated on a five-year basis, total cost of ownership accounts for fees, insurance, fuel costs, and the cost to maintain or repair your vehicle.
When Kelley Blue Book evaluated brands' cars for their five-year TCO, Toyota cars came out on top in four categories:
· Best Compact Car: 2017 Toyota Corolla
· Best Sports Car: 2017 Toyota 86
· Hybrid/Alternative Energy Car: 2017 Toyota Prius
· Electric Vehicle: 2017 Toyota Prius Prime
The fact that two of the winners (the Toyota 86 and Toyota Prius Prime) are new vehicles speaks to the long track record of reliability and low ownership costs for Toyota cars. That let KBB extrapolate a lower TCO than they might otherwise do for a less-dependable brand.
What should be your takeaway? First, if you're buying a new car, don't just look at the sticker price. Second, if you're buying a new Toyota car, look for a Toyota dealership that takes care of the total ownership experience. That's what you'll get at Keyes Toyota. To find out more, visit us at 5855 Van Nuys Blvd in Van Nuys, CA today.