Here’s another smart and helpful story from our partners at The Fiscal Times. Check it out:
The next time you purchase a car, you’ll want to compare prices to ensure you’re getting the best upfront deal. But the real expense often comes further down the line, as the car ages.
A new report by CarMD ranks cars based on the type of repairs required and how often they occur. Its Vehicle Health Index is drawn from 136 million model year 2002 to 2012 vehicles. It ranks 100 vehicles that represent the top 5 percent of the most reliable vehicles on the road.
For the second year in a row, Toyota topped the list of manufacturers for reliability, with the fewest percentage of “check engine”-related problems and lowest average repairs costs. Number two on the list, also for the second year in a row, was Hyundai, followed by BMW, Honda and Volkswagen.
On the other end of the spectrum, CarMD finds the 2002 Ford Windstar, with $411.99 in repair costs from September 2011 to September 2012, to be the least reliable vehicle on the road today. The 2002 Ford Focus is also among the worst, as is the 2003 Chevrolet Impala, the 2003 Toyota Corolla and the 2007 Dodge Ram pickup.