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EGR 403H 01 CHANDLER HWE MICHAEL RELICH Honda Fit vs Toyota Yaris.

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Presentation on theme: "EGR 403H 01 CHANDLER HWE MICHAEL RELICH Honda Fit vs Toyota Yaris."— Presentation transcript:

1 EGR 403H 01 CHANDLER HWE MICHAEL RELICH Honda Fit vs Toyota Yaris

2 Outline Honda Fit Toyota Yaris Assumptions 5 Year Cost of Ownership Gasoline Costs Insurance Rates Miles Driven Per Year Maintenance Costs Length of Ownership Maintenance Type Conclusion Resources

3 Honda Fit 2011 Model MSRP of $ /35 MPG City/Highway Insurance Cost per Year: $1236 Salvage Value After 5 years: $5,336 Dealer Maintenance

4 Toyota Yaris 2011 Model MSRP of $ /35 MPG City/Highway Insurance Cost per Year: $1304 Salvage Value After 5 years: $5,661 Dealer Maintenance

5 Assumptions 15,000 Miles Driven Per Year 0% down, 4.59% APR $3.75 per Gallon Gasoline Price $0.10 Raise in Gasoline Price per Year Salvage Value Based Off Kelly Blue Book Values

6 Honda Fit YearFinancingInsuranceState FeesFuelMaintenanceRepairsTotalPV of Total 1$3,733$1,236$110$1,786$98$0$6,963$6,760 2$3,733$1,236$73$1,833$137$0$7,012$6,610 3$3,733$1,236$73$1,881$288$78$7,289$6,670 4$3,733$1,236$68$1,929$570$168$7,704$6,845 5$3,733$1,236$68$1,976$288$341$7,642$6,592 Totals $33,477 Salvage Value -$5, $4,883 Final Cost of Ownership $28,594

7 Toyota Yaris YearFinancingInsuranceState FeesFuelMaintenanceRepairsTotalPV of Total 1$3,759.96$1,304$104$1,758$0 $6,926$6,724 2$3,759.96$1,304$68$1,805$24$0$6,961$6,561 3$3,759.96$1,304$68$1,852$238$78$7,300$6,680 4$3,759.96$1,304$63$1,898$624$168$7,817$6,946 5$3,759.96$1,304$63$1,945$238$341$7,651$6,600 Totals $33,511 Salvage Value -$5, $4,629 Final Cost of Ownership $28,882

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10 LENGTH OF OWNERSHIP Cost of Ownership Time PeriodYarisFit 3 Years$19,082.15$18, Years$28,881.84$28, MAINTENANCE TYPE 5 Year Cost of Ownership Maintenance TypeYarisFit Dealer 5 Years$28,881.84$28, Dealer 3 Years/Third Party2 Years$28,549.62$28,264.74

11 Conclusions 5 Year Cost of Ownership  Honda Fit is Cheaper by about $290 3 Year Cost of Ownership  Honda Fit is Cheaper by about $900 Sensitivity Analysis  Honda Fit Increase in Cost Over Time 3 rd Party Maintenance  $5 Difference

12 Resources Honda Official Website and Local Dealer Toyota Official Website and Local Dealer Firestone Complete Autocare Kelly Blue Book Bankrate.com Insure.com Carinsurance.com Newcar.com


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