SUVs have overtaken sedans in popularity, but they are not always the cheaper choice to own. The SUV-versus-sedan decision is best made on the complete monthly cost, where differences in price, fuel, and insurance combine to favor one or the other depending on the specific vehicles and your needs.
Fuel and Price
SUVs are generally heavier and less aerodynamic than comparable sedans, so they often use more fuel, raising that part of the complete monthly cost. They also tend to cost more to buy, which raises the loan portion. A fuel-efficient compact SUV narrows this gap, but a sedan frequently has the edge on both fuel and price.
Space, Insurance, and Resale
SUVs offer more space and a higher driving position, which many buyers value. Insurance varies by model rather than strictly by type, and SUVs often hold their value well, which reduces the depreciation expense. The complete monthly cost weighs all of this, so the better value depends on the specific models compared and how much you value the space.
Choosing Between Them
- Sedans often have a lower complete monthly cost on fuel and price.
- SUVs offer more space and can hold value well, reducing depreciation.
- Compare specific models, since costs vary within each type.
- Let the complete monthly cost and your space needs guide the choice.
CarCostCX shows the complete monthly cost on every SUV and sedan listing, so you can compare the two on the number that reflects real ownership.
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