Honda LX Sedan Ownership Costs (PDF)

Analysis The Ownership Cost of a New Car Ownership Costs: 5 Year Breakdown Honda, LX Sedan (2.0L 4-cyl. CVT Automatic) Total Cash Price $20,108 COSTS Year 1 Year 2 Year 3 Year 4 Year 5 Total Depreciation $3,724 $1,744 $1,535 $1,360 $1,220 $9,583 Taxes & Fees $1,579 $165 $154 $144...

Analysis The Ownership Cost of a New Car Ownership Costs: 5 Year Breakdown Honda, LX Sedan (2.0L 4-cyl. CVT Automatic) Total Cash Price $20,108 COSTS Year 1 Year 2 Year 3 Year 4 Year 5 Total Depreciation $3,724 $1,744 $1,535 $1,360 $1,220 $9,583 Taxes & Fees $1,579 $165 $154 $144 $135 $2,177 Financing and Car Payments Fuel $4,539 $4,431 $4,320 $4,205 $4,087 $21,582 $1,158 $1,193 $1,229 $1,266 $1,304 $6,150 Insurance $1,236 $1,279 $1,324 $1,370 $1,418 $6,627 $356 $654 $336 $1,738 $551 $3,635 0 0 $111 $269 $393 $773 Maintenance Repairs The True Cost of $12,592 $9,466 Ownership $9,009 $10,332 Directions: Use the chart above to answer the following questions. $9,108 $50,507 Source: edmunds.com 1. What does the chart above show? 2. What type of car does the chart show the cost of ownership for? 3. How much was the total purchase price or cash price for this car? 4. After five years of ownership what is the estimated true cost of this car? 5. How much did the car depreciate (lose value) in the first year? 6. What is the total amount a person will spend on taxes and fees over five years? 7. What is the total amount a person will spend on car maintenance over five years? 8. What is the average amount a person will spend on car insurance each year? 9. Which year is the most expensive year to own a new car? Why? 10.Why do you think on the fourth year, maintenance costs for the car have spiked? 11.Which costs tend to decrease year after year? 12.Which cost tends to increase year after year? ©Career and Life Skills Lessons, All Rights Reserved. 9|P age