cazalea
[Seiko Moderator]
17076
Cost of Ownership
A recent thread about the desirability of a BMW 840 or 850 Coupe reminded me of a project I worked on once ... True Cost of Ownership. This research effort was run by my friend Larry, who managed to collect fuel, financing, insurance, depreciation, services, etc and create a ballpark figure for running costs. This has been implemented by car buying site Edmunds dot com, in the US, as described below:
Ownership expenses are estimated for a five-year period
You will drive 15,000 miles per year
You are financing the vehicle using traditional financing, not lease financing
You have an above-average credit rating for the purpose of determining your finance rate
You are making a 10% down payment on the vehicle at purchase
Your loan term is 60 months
We calculate the five-year costs for the seven cost categories that make up the TCO® (depreciation, insurance, financing, taxes & fees, fuel, maintenance and repairs).
We also take into account any applicable federal tax credits.
The figures are adjusted for cost of living in your area, as shown by the ZIP code. If you live in Manhattan, or Beverly Hills, it might cost you a bit more...
Here are sample analyses of high-end cars:
Mercedes AMG S65
Range Rover SV Autobiography
BMW 760i
VOLVO XC90 Wagon
And finally, the car I bought (without looking at the figures, I must add)
Honda Ridgeline Pickup
It this analysis doesn't make you think twice, you are a braver man than I am.
It this analysis doesn't make you think twice, you are a braver man than I am.
Cazalea
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Cost of Ownership
A recent thread about the desirability of a BMW 840 or 850 Coupe reminded me of a project I worked on once ... True Cost of Ownership. This research effort was run by my friend Larry, who managed to collect fuel, financing, insurance, depreciation, servic...
I see this as opportunity!
Our local Aston Martin dealership has a four-year-old Vanquish for sale at around 30% of its original MSRP. I would be tempted, except I only drive 3K miles a year so it would basically just sit in my garage depreciating, LOL! NickO
I don't think....
that one has much depreciation left in it . After a while you might even see a gain in value considering its status as one of the 'last Mohicans' when it comes to N/A drivetrains. Cheers, Filip
The "Last Mohican" status is very appealing to me
However, since I moved to the city last year, I just don't drive much. But if circumstances changed, this is the one I would get..... NickO
Makes total sense :)
I am looking to move out of the city centers and into Topanga/Malibu canyon land . Cheers, Filip
I will be if I have a local AM dealership near me...but when you want to trade in again after 2~3 years ...
be prepared to take another 30~40% hit from what you paid
It would probably....
be up there with the Sonderklasse. Still worth it imo . Cheers, Filip
They don't cover Aston (and other exotics) because there are too few
I was afraid to look up an i8 (most are leased anyway, I suspect) but you can do it yourself by clicking here
These seem somewhat low, any service department here puts the prices much higher and everything seems to always "fall apart" whenever I go for service, I've practically paid the price of a
Mercedes for my former VW rabbit, still love that car so much and sad that I had to let it go.
It's a good analysis if you have to drive the latest-and-greatest, finance it, and flip it every five years
But you can do three simple things to get this number way down: 1. Be okay with buying a car that is 2 or 3 years old (or older). Depreciation is the major component of TCO, let someone else take the hit. 2. Don't finance it. Feel the burn in one go and p...
Dealer demo
Bought a MB, model year 2014 in late 2014. Very low KM. 40% less than the new price.
Another trick
If you do buy new, sell it before the first set of tires wear out - that's the experience of large fleet owners in the US. Over 40k-50k miles the "out of service time" for maintenance and repairs more than offsets any savings by holding the car longer. If...
Unsurprising findings I must say.
That S-Class maintenance though! The Ridgeline is an excellent truck. I bought (financed) a new 2018 Tacoma TRD Off-Road Double Cab in July '18. The total sale price with tax was $49K. I'd be very curious to see this chart for the Taco, I suspect it would...
Here you go
Factor their "total cash price" up about 20% to reach your out-the-door price (because these are the base prices w/o options) ...
:D
Entirely negligible difference then . Happy to see the results, thanks a bunch! Cheers, Filip
An S 500 is all you need if you consider an S 65
Costs half and is fast and strong enough for the German Autobahn, regardless what is behind you coming. It should be a LWB vesion and with good specs though. A very, very nice car. Thank you for this calculations.
Closest I've gotten to that was this 400 SEL
It was more than adequate for our highways Cazalea ...
Soo much wrong with this model ...
... that in the end it ends up being too cool Love the 400SEL floor mat
Too cool is right
My wife and I convinced an elderly lady that I was a limo driver who had been hired to drive her up to Orange County for a fancy lunch No, she wasn't really convinced - it was my mom after all - but she loved the attention and the car. And my cousin and a...
LOL ... That first pic :-) !!!
You look like a classy limo-driver ! I wouldn't mind being picked up by you Bim
A W140 ... that was quite a hefty car, when it came out in the 90ies
Nothing was as big as this one and the tyres were massive! Soon a collectible model here in Germany.
#£&%@!!
And to think that a Mercedes C200 in my country costs SS201,000 (approximately US$150,000) in list price alone... @#&_%@!!! ...
I feel your pain. Having just returned...
...from Dubai, where a 5 year old F458 with 15k miles can be had for not much less than my Volvo!
Sometimes, it is good to see things with facts and figures!
But I saw the latest 63s estate yesterday, and I know which one I'd like out of the lot!! Best, É.
