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New owner cost estimates help compare vehicle ownership
Consumer Reports introduces owner costs estimates to compare models over five to eight years. Depreciation drives most costs, with five year ownership averaging 48 percent depreciation and fuel and insurance varying by model. The study analyzes 300 plus vehicles using 2007 data, noting hybrids like Prius can save money and detailing cost ranges for several popular models.
MENTIONED IN THIS ARTICLE
Consumer Reports
Hyundai
Kia
Elantra
Honda
Bankrate.com
Insurance Institute For Highway Safety