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Old 08-15-2011, 03:09 PM   #1
AVANTI R5
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Default What Are The Most Cost Effective Brands To Own? The Answer Might Suprise You!

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Kelley Blue Book the leading provider of new car and used car information, today reports the top three luxury and top three non-luxury brands with the lowest average Total Cost of Ownership for the initial five-year ownership period.

Based on Kelley Blue Book's analysis, Audi, Lexus and Cadillac (respectively) top all luxury brands, while Kia, Hyundai and Honda (respectively) dominate among all non-luxury brands for lowest average total ownership costs.

Total Cost of Ownership is developed using Kelley Blue BookŪ Residual Values to calculate depreciation costs. Depreciation plays the largest role in Total Cost of Ownership, followed by the cost of fuel during the ownership period. Kelley Blue Book calculates total ownership costs for new vehicles by applying a sophisticated valuation methodology along with critical financial data from third-party providers.

By reviewing the Total Cost of Ownership for vehicles on their consideration list, consumers can better understand the overall financial implications associated with vehicle ownership through the initial five-year ownership period. Kelley Blue Book's Total Cost of Ownership features easy-to-understand charts and graphs on kbb.com to help car shoppers make informed purchase decisions by breaking down the typical ownership costs for a particular vehicle, including depreciation, expected fuel costs, insurance, maintenance and repair costs, state fees and more.

"The average vehicle typically maintains about 30 percent of its original MSRP after five years of ownership, whereas a handful of vehicles maintain more than 45 percent after the same time period," said Eric Ibara, director of residual value consulting for Kelley Blue Book. "The new Total Cost of Ownership data on kbb.com is based on Kelley Blue Book Residual Values, which are used by banks and manufacturers nationwide."

At the brand level, Audi and Lexus currently have the lowest depreciation and best fuel economy among luxury brands, giving them an advantage in low cost of ownership at the luxury level. In addition, Audi, Lexus and Cadillac all offer models that carry a lower MSRP compared to other luxury brands. Combined with their entry-level vehicles, these brands stand out among their competitors for having low overall ownership cost. Audi's Total Cost of Ownership success is primarily driven by the A3 2.0T and A4 2.0T sedan models. Both edge out competitors with their minimal depreciation and stellar fuel economy.

For non-luxury brands, Kia and Hyundai have a number of successful redesigns, greatly improved quality and competitive pricing, which sets them apart from other non-luxury brands in terms of cost of ownership. Key Kia models contributing to the brand's low Total Cost of Ownership include the Rio, Optima and Forte. Additionally, Honda continues to be a reliable choice with strong fuel economy and customer loyalty.

Kelley Blue Book www.kbb.com, the leading provider of new car and used car information, today reports the top three luxury and top three non-luxury brands with the lowest average Total Cost of Ownership for the initial five-year ownership period. Based on Kelley Blue Book's analysis, Audi, Lexus and Cadillac (respectively) top all luxury brands, while Kia, Hyundai and Honda (respectively) dominate among all non-luxury brands for lowest average total ownership costs.

Total Cost of Ownership is developed using Kelley Blue BookŪ Residual Values to calculate depreciation costs. Depreciation plays the largest role in Total Cost of Ownership, followed by the cost of fuel during the ownership period. Kelley Blue Book calculates total ownership costs for new vehicles by applying a sophisticated valuation methodology along with critical financial data from third-party providers.

By reviewing the Total Cost of Ownership for vehicles on their consideration list, consumers can better understand the overall financial implications associated with vehicle ownership through the initial five-year ownership period. Kelley Blue Book's Total Cost of Ownership features easy-to-understand charts and graphs on kbb.com to help car shoppers make informed purchase decisions by breaking down the typical ownership costs for a particular vehicle, including depreciation, expected fuel costs, insurance, maintenance and repair costs, state fees and more.

"The average vehicle typically maintains about 30 percent of its original MSRP after five years of ownership, whereas a handful of vehicles maintain more than 45 percent after the same time period," said Eric Ibara, director of residual value consulting for Kelley Blue Book. "The new Total Cost of Ownership data on kbb.com is based on Kelley Blue Book Residual Values, which are used by banks and manufacturers nationwide."

At the brand level, Audi and Lexus currently have the lowest depreciation and best fuel economy among luxury brands, giving them an advantage in low cost of ownership at the luxury level. In addition, Audi, Lexus and Cadillac all offer models that carry a lower MSRP compared to other luxury brands. Combined with their entry-level vehicles, these brands stand out among their competitors for having low overall ownership cost. Audi's Total Cost of Ownership success is primarily driven by the A3 2.0T and A4 2.0T sedan models. Both edge out competitors with their minimal depreciation and stellar fuel economy.


For non-luxury brands, Kia and Hyundai have a number of successful redesigns, greatly improved quality and competitive pricing, which sets them apart from other non-luxury brands in terms of cost of ownership. Key Kia models contributing to the brand's low Total Cost of Ownership include the Rio, Optima and Forte. Additionally, Honda continues to be a reliable choice with strong fuel economy and customer loyalty.


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Old 08-15-2011, 05:37 PM   #2
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Does that factor in maintenance costs, and average costs of reliability issues, or just depreciation and gas mileage?
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Old 08-15-2011, 05:41 PM   #3
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The only Kia I have ever seen that was in good shape was one that had just rolled out of the lot.

Give them 3yrs and rust,wheel bearings and engine noises come to life!
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Old 08-15-2011, 05:46 PM   #4
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Most of the 3+ year old Kias, especially the ones older than 5-10 years, are nowhere near the current cars.

Hyundai/Kia is HUNGRY, and they are eating Honda's, Nissan's, and some other manufacturer's lunches, in terms of marketshare growth.

Initial quality has risen quite a lot, and is a good example of motivated growth.
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Old 08-16-2011, 09:53 AM   #5
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Originally Posted by HipToBeSquare View Post
Does that factor in maintenance costs, and average costs of reliability issues, or just depreciation and gas mileage?
Read the OP.

Quote:
Kelley Blue Book's Total Cost of Ownership features easy-to-understand charts and graphs on kbb.com to help car shoppers make informed purchase decisions by breaking down the typical ownership costs for a particular vehicle, including depreciation, expected fuel costs, insurance, maintenance and repair costs, state fees and more.
In any case, I don't find brand-wide TCOS calculations very useful given the huge variation in price, depreciation, and the other factors between, say, an Audi A3 TDI and an Audi A8L. This is especially true given that different brands may well be weighted differently in the placement of their products across the price spectrum, if that makes sense: take Acura and Maybach as two extreme examples in the "luxury" segment.

What is important is the ballpark TCOS ranges that demonstrate that transportation costs us a hell of a lot of money, far beyond just the monthly payment!
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Old 08-17-2011, 08:20 AM   #6
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Originally Posted by FOOTnMOUTH View Post
The only Kia I have ever seen that was in good shape was one that had just rolled out of the lot.

Give them 3yrs and rust,wheel bearings and engine noises come to life!


In 56K miles, my 2007 Legacy (sedately driven 99.95% of the time) has developed rust, required the replacement of two wheel bearings and most recently had a bad plug well seal, necessitating the replacement of those (under warranty) and also the plugs and wires (not covered by warranty).

The car's getting shipped before it hits 70K miles.
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Old 08-17-2011, 11:55 AM   #7
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Originally Posted by Spenk View Post


In 56K miles, my 2007 Legacy (sedately driven 99.95% of the time) has developed rust, required the replacement of two wheel bearings and most recently had a bad plug well seal, necessitating the replacement of those (under warranty) and also the plugs and wires (not covered by warranty).

The car's getting shipped before it hits 70K miles.
The only thing my '07 Fusion in (living in northern Alberta) has really had replaced was the oil filter housing because the dealership stripped it. Though it's had like 3 TSB's done for different rattles replaced . I also only have 60k km's, not miles.
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Old 08-17-2011, 03:47 PM   #8
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Quote:
Originally Posted by FOOTnMOUTH View Post
The only Kia I have ever seen that was in good shape was one that had just rolled out of the lot.

Give them 3yrs and rust,wheel bearings and engine noises come to life!
Foot in mouth indeed.
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Old 08-17-2011, 06:39 PM   #9
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Originally Posted by A_Pointy_Rock View Post
The only thing my '07 Fusion in (living in northern Alberta) has really had replaced was the oil filter housing because the dealership stripped it. Though it's had like 3 TSB's done for different rattles replaced . I also only have 60k km's, not miles.
My Legacy's also had 2 ECU reflashes (Subaru update program) and I just had a 3rd wheel bearing start making noise today.

56.5K miles on the odo. Love the car, but it's a POS. My last Subaru, ever.
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Old 08-19-2011, 11:16 AM   #10
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Quote:
Originally Posted by Spenk View Post
My Legacy's also had 2 ECU reflashes (Subaru update program) and I just had a 3rd wheel bearing start making noise today.

56.5K miles on the odo. Love the car, but it's a POS. My last Subaru, ever.
Bad luck? I still think where a car is made is a huge factor...
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Old 08-19-2011, 11:22 AM   #11
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This is surprising, I've always thought Audi and Cadillac absolutely plummeted in value. My guess would have been Lexus, Acura, Porsche and then Toyota, Honda, Hyundai
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Old 08-19-2011, 12:24 PM   #12
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Bad luck? I still think where a car is made is a huge factor...
The 3 Japanese-made Imprezas of various trims that I've owned were 100% problem-free during my ownership, and all were abused properly. '98 RS, '04 WRX '05 STi.

The 2 American-made Legacys of various trim I've owned were fairly problematic the entire time I owned them. The '00 LGT I had was in the shop over 5 times on various things in 3 years. The '05 LGT was in the shop twice for stuff going wrong.

My folks '03 Forester (Japanes-made) has been problem-free and they still own it now. Their still-owned '98 Outback (American-made) has had thousands of dollars of work done on it outside routine maintenance - they're trading it in on another Forester.

The American-made Soobs are not like the Japanese ones, period. I've had many Soob friends with similar stories.
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Old 08-19-2011, 12:27 PM   #13
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Still twice the cost of ownership.

And they don't say anything about the repair costs, especially for the Audi.
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Old 08-19-2011, 01:07 PM   #14
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Maybe they just factor in while the car is under warranty, as most people will dump their luxury cars once outside of it.
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Old 08-19-2011, 01:59 PM   #15
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Originally Posted by Spenk View Post
My Legacy's also had 2 ECU reflashes (Subaru update program) and I just had a 3rd wheel bearing start making noise today.

56.5K miles on the odo. Love the car, but it's a POS. My last Subaru, ever.
Quote:
Originally Posted by woody06967 View Post
Bad luck? I still think where a car is made is a huge factor...
Dealer just diagnosed a bad front axle in addition to the latest wheel bearing.

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Old 08-19-2011, 02:02 PM   #16
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Originally Posted by woody06967 View Post
Bad luck? I still think where a car is made is a huge factor...
I know when a car is made is a huge factor. Products produced by night shift are not as good.
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Old 08-19-2011, 03:37 PM   #17
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Quote:
Originally Posted by Brahmzy View Post
The 3 Japanese-made Imprezas of various trims that I've owned were 100% problem-free during my ownership, and all were abused properly. '98 RS, '04 WRX '05 STi.

The 2 American-made Legacys of various trim I've owned were fairly problematic the entire time I owned them. The '00 LGT I had was in the shop over 5 times on various things in 3 years. The '05 LGT was in the shop twice for stuff going wrong.

My folks '03 Forester (Japanes-made) has been problem-free and they still own it now. Their still-owned '98 Outback (American-made) has had thousands of dollars of work done on it outside routine maintenance - they're trading it in on another Forester.

The American-made Soobs are not like the Japanese ones, period. I've had many Soob friends with similar stories.
I've heard stories like that for Honduh too.
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