Jun 12, 2023

stacks of coin to show lower costs

How Volkswagen Electric Vehicles and Fuel-Efficient Sedans and SUVs Are Changing the Game

In the automobile world, there’s a difference between purchase price and cost of ownership. Purchase price is the final dollar amount on your auto loan agreement or bill of sale. Cost of ownership is the umbrella term used to describe any expenses related to the vehicle – present and future. That includes gas, insurance premiums, repairs, loan interest, and so forth.

To get a more accurate view of how much vehicle ownership will cost, savvy car buyers are looking past the MSRP and considering the years ahead. It’s the main reason reliable cars are always in high demand, which is where the Volkswagen lineup of vehicles really shines.

The following breaks down the top three Volkswagen vehicles that provide drivers with the lowest cost of ownership.

2023 Volkswagen Electric Vehicles and Beyond

When considering VW electric vehicles, the German automaker has been in the sweet spot thus far in terms of pricing. The starting MSRP for the 2023 VW ID.4 is just $38,995. Even the highest trim level – the ID.4 AWD Pro S Plus – clocks in at a reasonable $55,245. The affordable price point explains why VW has been successful in taking some of the EV market share away from Tesla and other competing brands.

However, we need to look past the MSRP to properly evaluate cost of ownership. First, the 2023 VW ID.4 and subsequent Volkswagen electric vehicles will be assembled domestically, which means owners should qualify for a significant tax credit. Second, the ID.4 comes with three years of free unlimited DC fast charging sessions at Electrify America stations. This means you won’t have to pay for gas or charging until 2026.

Finally, new ID.4 purchases include scheduled carefree maintenance for the first two years under the Carefree Coverage warranty. If you’re worried about repairs and service beyond the first two years, you can rest easy. Electric vehicles are far easier to maintain than combustion engine vehicles because they use fewer moving parts.

If you’re not yet in the market for an all-electric SUV, 2024 will mark the release of the ID. Buzz, followed by the ID.7 in 2025. These ID models are the first all-electric microbus and sedan in the American lineup of VW electric vehicles.

Volkswagen Vehicles with the Lowest Cost of Ownership

The 2023 Volkswagen Taos and 2023 VW Jetta combine affordability with sleek design, a generous feature package, and long-term reliability. They also lead the pack in terms of lowest cost of ownership. The 2023 VW Jetta has a starting MSRP of just $20,655, which makes it one of the most competitively priced sedans in its class. In the SUV category, the 2023 VW Taos has a starting MSRP of $24,155. Not many new SUVs can be found for under $25k, which is part of the reason the Taos has been such a hot seller thus far.

Another win for both vehicles is fuel economy. The light curb weight and efficient engines of the Jetta and Taos enable them to outperform their main competitors in the sedan and SUV categories. Drivers will get an estimated 29 miles per gallon in the city and 42 on the highway with the 2023 VW Jetta. The 2023 VW Taos provides an estimated 28 miles per gallon in the city and 36 miles per gallon on the highway.

Further, the Jetta and the Taos are both exceptionally easy to maintain, which drives down cost of ownership from a service and repairs perspective. As noted earlier with VW electric vehicles, Volkswagen vehicles with a combustion engine also have maintenance included under the Carefree Coverage warranty. On a related note, Motor1 reports that the average VW owner will spend $676 per year or less on maintenance.

Another thing that works in favor of VW vehicles in terms of cost of ownership is their resale value. According to Car Edge, Volkswagen leads all other auto manufacturers with a 5-year resale value of 85.53%. This means that Volkswagen vehicles are not only among the most competitively priced vehicles, but they also yield the biggest return on the secondary market.

Check Out VW Electric Vehicles and More at Volkswagen Lee’s Summit

Clearly, Volkswagen vehicles have a lot to offer to budget-conscious drivers who don’t want to be saddled with unexpected repairs or poor fuel economy. Low cost of ownership is a big reason why drivers switch over to Volkswagen vehicles in the first place. The VW brand has rightfully earned the reputation for creating sleek, future-forward vehicles meant to suit any budget and family dynamic.

To check out the 2023 Taos, Jetta, or ID.4 in person for a test drive, the best thing to do is visit us at the VW Lee’s Summit dealership. We’ll be happy to get you behind the wheel of any of these Volkswagen vehicles. For a limited time, well-qualified buyers can secure rates as low as 3.9% APR for 60 months on most new vehicle purchases. Reach out to our financing department today to get preapproved for your auto loan.

Visit VW Lee’s Summit today at 2225 NE Independence Ave. Contact us by phone at (816) 841-7252 or email us directly using the contact form on our website.

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