Consumer Reports: Toyota Prius Best Car for Your MoneyDecember 30th, 2012 by Armaan Almeida
Consumer Reports has named the Toyota Prius the overall best value for your new car dollars. The Prius edged out the Honda Fit, which held the title for the previous 4 years. Although the Prius ($24,200) starts at around $8,500 more than the Fit, testers felt the Toyota’s winning blend of low cost of operation and excellent overall quality were enough to place it on top.
Said CR Automotive Editor Rik Paul:
“The Prius may not be the most exciting vehicle to drive, nor the cheapest to purchase, but it’s extremely reliable, roomy, rides well, gets great fuel economy, and is inexpensive to operate.”
Much more than just a car’s purchase price goes into overall value. An oft-overlooked factor is resale value, where the Prius excels even as cheaper-priced cars like the Nissan Versa falter. Costs of daily operation and repairs are just as important: luxury cars do not generally make good value buys, owing to their poorer fuel efficiency and the sky-high cost of parts and labor as much as their higher transaction prices.
The 2013 Consumer Reports Best Value award winners by segment:
Small hatchbacks: Toyota Prius
Small sedans: Toyota Corolla
Family sedans: Toyota Camry Hybrid
Upscale sedans: Acura TSX
Luxury sedans: Cadillac CTS
Sporty cars: MINI Cooper
Wagons: Toyota Prius V
Small SUVs: Honda CR-V
Midsized SUVs: Toyota Highlander
Luxury SUVs: Lexus RX