The 2014 Mitsubishi Outlander has picked up yet another award, this time the 5-Year Cost to Own Award: Mid-Size SUV/Crossover from Kelley Blue Book. The award is calculated using a 5-year cost of ownership projection. To figure the cost of ownership, Kelley Blue Book factors in numerous vehicle data, including the anticipated cost of fuel, state fees, insurance fees, repair and maintenance cost, and estimated vehicle depreciation.
Another prestigious award was given to the 2014 Outlander not too long ago. The midsize SUV earned a Top Safety Pick+ award from the Insurance Institute for Highway Safety (IIHS) by excelling in all crash tests.
Kelley Blue Book gives out 5-Year Cost to Own Awards as a guide for new car shoppers who aren’t sure which vehicle they should purchase. Armed with information such as the long-term cost of owning different models, car shoppers can make a more educated purchasing decision.
“We are very proud to see that our all-new 2014 Outlander model has won the distinguished ‘5-Year Cost to Own Award: Mid-Size SUV/Crossover’ from Kelley Blue Book – a very welcome industry prize. And since our outgoing last-generation Outlander was also a recipient of the award, we are pleased with its continued success. More importantly, this honor represents a win for our customers as well, who experience meaningful cost-savings to own and operate as well the high degree of safety it provides, thanks to its ‘Top Safety Pick+’ award by the Insurance Institute for Highway Safety (IIHS).” said Don Swearingen, Executive Vice President of Mitsubishi Motors North America.