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Thread: True Cost to Own?

   
   
  1. #1
    pawned79 is offline Yellow Belt
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    Thumbs up True Cost to Own?

    I frequent a website called Edmunds that has a "True Cost to Own" calculator. Has anyone else ever seen this? Has anyone any information on an alternative automotive website that does a similar calculation? I've always been very impressed with Edmunds, but I am interested in seeing a competing website, so I can see an alternative opinion.

    For example, on Edmunds, the cheapest 2011 new car you can own is the Hyundai Accent Hatchback (base model) with an MSRP of $9,985 and a "Five Year True Cost to Own" of $29,112. This prices are given based on my zip code, so numbers may vary where you live. I copied the 5Y-TCO table:

    Year 1 Year 2 Year 3 Year 4 Year 5 5 Yr Total
    Depreciation $2,958 $1,155 $1,016 $900 $808 $6,837
    Taxes & Fees $1,130 $171 $156 $143 $132 $1,732
    Financing $650 $522 $386 $241 $87 $1,886
    Fuel $1,360 $1,401 $1,443 $1,486 $1,531 $7,221
    Insurance $1,509 $1,562 $1,616 $1,673 $1,732 $8,092
    Maintenance $158 $510 $232 $958 $908 $2,766
    Repairs $0 $0 $0 $0 $578 $578
    Tax Credit $0 $0
    True Cost to Own ® $7,765 $5,321 $4,849 $5,401 $5,776 $29,112

  2. #2
    Magic69's Avatar
    Magic69 is offline Green Belt  
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    No, I haven't seen any alternate calculators like that. Maybe we should build one here at CF.org Cars are money pits though... figures like this remind me how much of my income gets wasted on transportation.

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