What are the most fuel efficient cars?

I’m sorry, but I have to answer this question with a question. Is your question a concern because you are worried about the overall operating expense of your vehicle or are you concerned about the environmental effect of your vehicle? While it might seem that these two questions are one in the same, they are not. We encourage you to go to Edmunds.com to answer this question. If your concern is fuel mileage alone you will find that Honda and Toyota small cars lead the top 5. If you are concerned about fuel mileage alone in an SUV or Truck, you will find that Ford, Lexus, Toyota, Saturn and Jeep lead the top five. However, if you are concerned about the overall cost of operating the vehicle go to Edmunds.com and research, “true cost to own”. This will give you the overall operating cost of a vehicle for the typical driver who does 15,000 miles per year over a five year term and considers all costs associated with ownership. Often cars that are better on fuel economy still cost more to own than those with lower fuel economy.

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If I do a lot of miles should I lease?

One of the biggest myths about leasing is that if you do a lot of miles you shouldn’t lease. First of all, people who do a lot of miles should get out of their vehicle more often and since leasing is generally shorter term than financing you can do just that. Having said that, everyone worries about the cost for excess miles that is charged at the end of the lease. The reality is that you pay for miles if you lease, finance or buy outright and you pay for it in the same way, increased depreciation. Consider a bread and butter car like a Toyota Camry LE which has one of the lowest depreciation rates of any vehicle. If you go to Edmunds.Com and look at “True Cost To Own” you will see that over a 5 year term, the average depreciation per mile is a little over $,16 per mile. Over a 3 year terms it is almost $.20 per mile. If you had leased that same vehicle, your cost for excess mileage is $.15 per mile. It is far more cost effective to lease if you do a lot of miles,