2021 Volkswagen Passat wins Kelley Blue Book 5-Year Cost to Own Award
Apr 28, 2021
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.
About Volkswagen Founded in 1955, Volkswagen of America, Inc. is an operating unit of Volkswagen Group of America and a subsidiary of Volkswagen AG, with headquarters in Herndon, Virginia. Volkswagen’s operations in the United States include research and development, parts and vehicle processing, parts distribution centers, sales, marketing and service offices, financial service centers, and its state-of-the-art manufacturing facility in Chattanooga, Tennessee. The Volkswagen Group is one of the world's largest producers of passenger cars and Europe's largest automaker. Volkswagen sells the Arteon, Atlas, Atlas Cross Sport, Golf, Golf GTI, ID.4, Jetta, Jetta GLI, Passat, and Tiguan vehicles through more than 600 independent U.S. dealers. Visit Volkswagen online at www.vw.com or media.vw.com to learn more.
About Kelley Blue Book Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry. Each week the company provides market-reflective values on its top-rated website KBB.com, including its famous Blue Book® Trade-In Values and Kelley Blue Book® Price Advisor tool, which provides a range for what consumers can reasonably expect to pay for a vehicle in their area. Car owners looking to sell immediately can also get a redeemable, transaction-ready offer with Kelley Blue BookSM Instant Cash Offer. The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, and governmental agencies. Kelley Blue Book is a Cox Automotive brand.
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