SUV vs Minivan Secret Reveals Perfect Family Choice
Comparing Costs and Benefits
When considering the financial aspects, it's important to weigh the initial purchase price against long-term costs such as fuel, maintenance, and insurance. SUVs may have a higher insurance premium due to their size and value, but they often retain their resale value better than minivans. On the other hand, minivans offer better fuel economy and lower maintenance costs, making them a cost-effective choice for families who prioritize budget-friendly options.
According to recent data, the average annual cost to own and operate a minivan is approximately $8,000, compared to $10,000 for an SUV3. These figures include depreciation, fuel, insurance, maintenance, and taxes, providing a comprehensive view of the ongoing expenses involved.