New 2021 Volkswagen Passat Earns Kelley Blue Book’s Lowest Cost to Own Award

May 4th, 2021 by

2021 Volkswagen Passat Color Gray on Street Outside Building

If you were looking for a reliable mid-size car this spring, look no further than the 2021 Volkswagen Passat. Why? It just so happens that the model won Kelley Blue Book’s 5-Year Cost to Own Award in the midsize car segment. The tenth annual awards recognize new vehicles with Kelley Blue Book’s lowest projected ownership costs over the initial five-year period.

“Passat has long been a stalwart in the Volkswagen stable, providing midsize sedan buyers a great combination of comfort, amenities and VW-signature driving dynamics,” said Scott Keogh, President and CEO, Volkswagen of America, Inc. “This award shows Passat is also a terrific value.”

Available for new models on Kelley Blue Book’s KBB.com, 5-Year Cost to Own information takes into consideration depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees. This date allows new car-shoppers to see the big picture of what a new vehicle will cost them over time, helping them to save money by choosing a vehicle that best meets their needs and their long-term budget.

“Choosing a car with low ownership costs can help shoppers save a significant amount of money over time – often several hundred and sometimes even thousands of dollars – so it’s worthwhile to research the cost to own details of any new car you’re considering,” said Eric Ibara, director of residual values for Kelley Blue Book.

 

 

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