SUVs are the most popular vehicle type in the United States and have reached a record-high market share of nearly 60%. Nevertheless, American buying and leasing habits have begun to change. Full-size and midsize SUV sales are slipping, and the sales of compact vehicles are on the rise. With that in mind, let’s explore which choice is right for you.
Passenger and Cargo Capacities
How much space you need is a key factor in which vehicle style is right for you. The typical sedan seats up to four or five comfortably and provides between 10 and 20 cubic feet of trunk space. That’s plenty of room for commuting and meeting the daily needs of the average family. Families who need to sit five or more comfortably may need an SUV for that reason alone. SUVs also provide more cargo space for vacations, camping, and other activities. Even midsize SUVs can provide upward of 30 cu. ft. of easily accessed cargo space.
Towing and Off-Road Capabilities
If you need either off-road or towing capabilities, a car generally isn’t a good option. While there are exceptions, manufacturers don’t focus on these areas within this class. Be mindful that if either towing or off-roading are high on your list of priorities, a pickup is also an option. Pickups usually provide the highest towing capabilities and the most robust off-road capabilities. That said, SUVs typically do a better job of balancing those capabilities with comfort and passenger space.
Initial Cost and Resale Value
Budget is a big factor as well, and SUVs are more expensive. The average sticker price of a sedan, for instance, is over $5,000 less than the average price of an SUV. If financing, expect the monthly payment to be $80 or more higher than with a car. Another consideration with value is how long you intend to keep the vehicle and what its resale value will be. Many consumers presume due to the popularity of SUVs that they hold their value better, but that isn’t necessarily the case. Sedans hold their value remarkably well, and SUVs depreciate by about 2.5% more over the first five years.
Fuel, Insurance, and Maintenance Expenses
Your vehicle-related costs extend beyond how much you pay each month. Research shows consumers expect SUV insurance to be higher, but this usually isn’t the case. Insuring an SUV is cheaper, on average, by about $80 a year. Cars, on the other hand, offer better fuel performance. SUVs are larger and less aerodynamic, and they often require more powerful engines. Even if you choose an SUV with a four-cylinder, you’d likely save hundreds annually with a sedan. Expect oil changes, new tires, and other maintenance to be higher with an SUV as well.
Other Options
If you find yourself still unsure of whether you should choose to buy a car or an SUV, consider a crossover. For many drivers, crossovers deliver a sweet spot between SUV and sedan, and they’re available in a wide range of configurations and sizes, including compact and subcompact.
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