A number of Blue Oval models have fared well in terms of resale value over the past few weeks, including the 2022 Ford F-Series lineup, the Ford Ranger mid-size pickup, the 2022 Ford Maverick compact pickup, and the Ford Mustang Mach-E EV crossover, all of which recently received Kelley Blue Book Best Resale Value Awards. Now, we can add the 2022 Ford Bronco to that list, as Kelly Blue Book has just given the 2022 North American SUV of the Year one of its Five-Year Cost to Own Awards.
The 2022 Ford Bronco finished with an estimated five-year ownership cost of $47,961, which is $3,059 less than the segment average – an impressive statistic, particularly in a time when people are keeping vehicles longer as prices reach historic levels. As KBB points out, many new vehicle shoppers don’t take the cost of ownership into account when purchasing a vehicle, which is a mistake given the fact that those costs can often offset or exceed upfront savings at the time of purchase.
When calculating its five-year cost to own figures, KBB takes into account a number of expenses including deprecation (which is calculated using the organization’s residual values), expected fuel costs, insurance, financing fees obtained through third-party providers, maintenance and repair costs, and state fees, giving shoppers a broader view of what to expect to shell out over five years of ownership.
“Shoppers can save hundreds, if not thousands, of dollars over time when they choose to buy a vehicle with low ownership costs,” said Janice Yoell, senior manager of valuations for Kelley Blue Book. “Taking the time to research what it will cost to own a new car can help savvy buyers keep more money in their pockets in the long run.”