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26 Vehicle Allowances (3)
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2008-11-10
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26 Vehicle Allowances (3)
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Last modified
8/23/2012 9:37:18 AM
Creation date
11/7/2008 4:34:35 PM
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AGENDA
Item Number
26
AGENDA - Type
MISCELLANEOUS
Description
Vehicle Allowances
AGENDA - Date
11/10/2008
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Page 2 of 2 <br />it reflects the "opportunity cosY" of the return you could have made if you had invested the Purchase Price elsewhere. <br />Taxes & Fees <br />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 <br />applicable. These taxes and fees are frequently based on a percentage of the purchase price, and generally decrease as the vehicle ages <br />and loses its value. Note that the average state sales tax that we use includes local and county taxes. <br />Fuel <br />This expense is based on EPA mileage figures, assuming corsumption consists of two-thirds highway and one-third city driving, and that <br />the vehicle has an automatic transmission unless automatic is not available. Cost estimates are based on self-service prices, using regular <br />unleaded gasoline for vehicles whose manufacturers require regular; premium unleaded gasoline for vehicles whose manufacturers require <br />premium; or diesel fuel for diesel vehicles. <br />Maintenance <br />This is the estimated expense of two types of maintenance: sc:heduled and unscheduled. Scheduled maintenance is the performance of <br />factory-recommended items at periodic mileage and/or calendar intervals. Unscheduled maintenance includes wheel alignment and the <br />replacement of items such as the battery, brakes, headlamps, hoses, exhaust system parts, taillight/turn signal bulbs, tires and wiper <br />blades/inserts. Estimated tire replacement costs are supplied to Edmunds.com by The Tire Rack, Inc. <br />Repairs <br />This is the estimated expense for repairs not covered by the vehicle manufacturer's warranties over the five years from the date of <br />purchase, assuming an average of 15,000 miles are driven annually. This expense is based on the cost of a typical "zero deductible" <br />extended warranty for the vehicle, minus the estimated amount of that cost that consists of the warranty provider's overhead and profit. <br />Total Cash Price <br />For new vehicles, the Total Cash Price shown is the vehicle's True Market ValueO (TMV) price plus typically equipped options, destination <br />charge, base tax and fees for the state, and, if applicable, guzzler tax; less any widely available man ufacturer-to-custom er cash rebates. <br />For used vehicles, the Total Cash Price shown is the sum of the vehicle's Private Party TMVO price in "clean" condition, typically equipped <br />options, and base tax and fees for the state. <br />Explanation of True Cost to OwnSM Ratings <br />Operating cost <br />These are the ongoing "out of pockeY" costs of owning and operating a new vehicle: Financing, Insurance, Taxes & Fees, Fuel, <br />Maintenance and Repairs. This rating displays the vehicle's relative ranking in terms of operating costs when compared to other new <br />vehicles. <br />Depreciation cost <br />This is the amount by which the value of a vehicle declines over its first five years, assuming that its initial value (i.e., its purchase price) is <br />its current Edmunds.com True Market Value@ price. This rating displays the vehicle's relative ranking in terms of depreciation percentage <br />when compared to other new vehicles. <br />close window <br />http://www.edmunds.com/popupinfo/aboutcto.html 10/9/2008 <br />~ G0 0 3 6 S <br />. , . . . _ . T. . ..r . . r._... .,...__.T.. <br />
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