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Smart Shopper True Cost to Own (TCO) - Hidden Costs of Car Ownership
157 messages, Last post on Jul 09, 2009 at 3:57 AM
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Replying to: mikefm58 (Jun 25, 2007 5:52 pm)
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Replying to: isellhondas (Jun 25, 2007 7:36 pm) |
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I was checking the cost to buy a G5. A Pro-Honda person wrote that TCO is high for the G5 in her quest to uplift the Civic as an alternative. Curious, I tallied the depreciation, the maintenance, and the repair costs from TCO for 5 years. For the G5, I plotted the depreciation from the TMV price. Then I subrtacted the maintenance and repair from the depreciation curve. The result for the G5? The net value of the car was ZERO in less than 5.5 years. This takes away any shred of truth for me for that part of the TCO data. I wonder if you would lose a Honda Civic in 5.5 years also, or is this opinion (not data) just strongly biased against American engineers and American led assemblers output? How can the G5 have almost $4000 of repairs and maintenance in just the 4th and 5th years of ownership while still under the 5 year, 100000 mile powertrain warranty and the lifetime or 100000 mile rust thru warranty, and just coming off the (dlr makes everything perfect at the end of the)3 yr bumper to bumper warranty? So someone paying the sales tax down on a loaded G5 ending up with a 5 year payment of $383 a month must plan on $145 a month additional for repairs and maintenance all thru yrs 4 and 5? Then what? The powertrain warranty ends and the thing starts to really fall apart? I budget $150-200 a year in maint and repairs for each of my '96, '98, '98, '99 GM and Ford cars and much less for my '01 Chev. That includes tires and oil. I always spend less. |
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Replying to: dave8697 (Jul 03, 2007 9:10 am) I would really question that item. But I could see tires, brakes, a battery, and maybe one unexpected repair running a grand or more, but that's about it.
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Replying to: mikefm58 (Jul 03, 2007 10:34 am)
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Replying to: british_rover (Jul 03, 2007 12:55 pm) Pontiac hasn't run the first TV commercial for the G5 yet and it already has it's 5th year repair bill average calculated.
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Replying to: dave8697 (Jul 03, 2007 4:12 pm)
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Replying to: dave8697 (Jul 03, 2007 9:10 am) You may be right in your critique of the TCO on the G5, but if you spent less than $150-200 a year on cars that are from 5 to 12 years old, you have been very lucky. $150 covers what, 4 oil changes and a couple of rotations, and nothing else (trans drain, radiator flush, new wipers, new tires, new battery) - and nothing that ever breaks.
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Replying to: british_rover (Jul 03, 2007 5:35 pm) Still, with no customers having had to repair a Cobalt yet, the G5 repair is based on non existing data. All cobalts are still under the 3 year bumper to bumper warranty. |
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Replying to: asafonov (Jul 05, 2007 7:45 am)
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