Herndon, VA — #volkswagen of America, Inc. is pleased to announce that the 2021 #passat 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 ownership 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.”
“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.
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 data 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.
Assembled in Volkswagen’s Chattanooga, Tennessee factory, the #passat features a winning combination of bold design, innovative technology, copious amounts of interior space, and Volkswagen’s signature fun-to-drive nature. The 2021 #volkswagen #passat is available in three value-laden trim levels—S, SE, and R-Line and all are powered by Volkswagen’s 2.0-liter turbocharged and direct-injection EA888 engine, which produces 174 horsepower and 206 lb-ft of torque. Pricing for the 2021 #volkswagen #passat starts at $23,995 MSRP for the #passat S with the standard 2.0T engine and 6-speed automatic transmission. Destination for all #passat models is $995.
Kelley Blue Book develops its 5-Year Cost to Own information using Kelley Blue Book® Residual Values to calculate depreciation costs. Kelley Blue Book calculates total ownership costs for new vehicles by applying a sophisticated valuation methodology along with critical financial data from third-party providers. For more information from Kelley Blue Book about the 5-Year Cost to Own Award winners, please visit https://www.kbb.com/articles/best-cars/lowest-5-year-cost-to-own-cars-trucks-suvs.
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