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True Cost to Own ratings at Edmunds Page 2 of 3 into consideration and could greatly alter the actual premium quoted by an insurer. Factors that will affect your rate include your age, marital status, credit history, driving record, and the garaging address of your vehicle. Close window Financing This is the interest expense on a loan in the amount of the True Market Value@ purchase price (including typical equipment) plus the destination charge (for new cars) and the base sales tax and initial fees for your state, assuming a 10% down payment and a loan term of 60 months. The interest rate used is the prevailing rate that banks and other direct automotive lenders are charging consumers in your geographic region who are in the Gold credit tier (which encompasses the majority of the car-buying population) of the Edmunds.com Finance Rate Estimator. Note: Even if you do not finance your vehicle, the inclusion of financing cost in determining True Cost to OwnSM is still appropriate because it reflects the "opportunity cosY" of the return you could have made if you had invested the Purchase Price elsewhere. Close window _ Taxes & Fees Sometimes referred to as DMV fees, this consists of the base sales taxes, license and registration fees in your state, and gas guzzler tax if applicable. These taxes and fees are frequently based on a percentage of the purchase price, and generally decrease as the vehicle ages and loses its value. Note that the average state sales tax that we use includes local and county taxes. Close Window Fuel This expense is based on EPA mileage figures, assuming consumption consists of finro-thirds highway and one-third city driving, and that the vehicle has an automatic transmission unless automatic is not available. Cost estimates are based on self-service prices, using an average mix of two-thirds regular grade and one-third mid-grade gasoline; premium gasoline for vehicles whose manufacturers recommend premium grade; or diesel fuel for diesel models. Close window Maintenance This is the estimated expense of two types of maintenance: scheduled and unscheduled. Scheduled maintenance is the performance of factory-recommended items at periodic mileage and/or calendar intervals. Unscheduled maintenance includes wheel alignment and the replacement of items such as the battery, brakes, headlamps, hoses, exhaust system parts, taillighUturn signal bulbs, tires and wiper blades/inserts. Estimated tire replacement costs are supplied to Edmunds.com by The Tire Rack, Inc. Close_window Repairs This is the estimated expense for repairs not covered by the vehicle manufacturer's warranties over the five years from the date of purchase, assuming an average of 15,000 miles are driven annually. This expense is based on the cost of a typical "zero deductible" extended warranty for the vehicle, minus the estimated amount of that cost that consists of the warranty provider's overhead and proflt. Close wi.n...d.o...w Total Cash Price For new vehicles, the Total Cash Price shown is the vehicle's True Market ValueO (TMV) price plus typically equipped options, destination charge, base tax and fees for the state, and, if applicable, guzzler tax; less any widely available manufacturer-to-customer cash rebates. For used vehicles, the Total Cash Price shown is the sum of the vehicle's Private Parry TMV2) price in "clean" condition, typically equipped options, and base tax and fees for the state. Close window Explanation of True Cost to OwnSM Ratings Operating cost These are the ongoing "out of pockeY" costs associated with owning and operating a new vehicle: Financing, Insurance, Taxes & Fees, Fuel, Maintenance, and Repairs. This rating displays the vehicle's relative ranking in terms of operating costs when compared to the other vehicles in its category. Ciose_wind_ow Depreciation cost This is the amount by which the value of a vehicle declines from its purchase price as defined by its Edmunds.com True Market Value@ price. This rating displays the vehicle's relative ranking in terms of depreciation percentage when compared to the other vehicles in its category. Close win.dow Category Edmunds.com uses 31 vehicle categories. Ciose_wi_ndow Minivan Coupe under $20K Sedan under $15K llttn•//wwvv P.t1milruiS T 11 /1 0 /-lp"