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Cheapest to own, by type

Pick the kind of car you want. Each list ranks every model by what it really costs to own in Ontario, not by sticker.

TypeCheapest carTrue cost a month$0 ─── $1,400

Cheapest to own

#1 to own2026 Toyota Corolla Hatchback

5 seats, 4 bags

#1 to own2026 Toyota Corolla Hatchback

SUVs and crossovers

#1 to own2026 Hyundai Venue

#1 to own2026 Toyota Corolla Hybrid

After the rebate

#1 to own2027 Kia EV3

#1 to own2026 Subaru Impreza

Plug-in hybrids

#1 to own2026 Toyota Prius Plug-in Hybrid

#1 to own2026 Ford Maverick

7 and 8 seaters

#1 to own2026 Mitsubishi Outlander

#1 to own2027 Kia Carnival Hybrid

#1 to own2026 Lexus UX Hybrid

#1 to own2026 Ford Ranger

True cost a month = everything you pay over 6 years at 18,000 km a year, plus what that money could have earned at 5% a year, minus what you get back when you sell, divided by 72.