Michael Relich Honda Fit vs Toyota Yaris Outline Honda Fit Toyota Yaris Assumptions 5 Year Cost of Ownership Gasoline Costs Insurance Rates Miles Driven Per Year Maintenance Costs ID: 752077
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Slide1
EGR 403H 01Chandler HweMichael Relich
Honda Fit
vs
Toyota
YarisSlide2
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
ResourcesSlide3
Honda Fit
2011 Model
MSRP of $16650
29/35 MPG City/Highway
Insurance Cost per Year: $1236
Salvage Value After 5 years: $5,336Dealer MaintenanceSlide4
Toyota Yaris
2011 Model
MSRP of $16770
28/35 MPG City/Highway
Insurance Cost per Year: $1304
Salvage Value After 5 years: $5,661Dealer MaintenanceSlide5
Assumptions15,000 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 ValuesSlide6
Honda Fit
Year
Financing
Insurance
State Fees
Fuel
Maintenance
Repairs
Total
PV 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
-$5,661.00
-$4,883
Final Cost of Ownership
$28,594Slide7
Toyota
Yaris
Year
Financing
Insurance
State Fees
Fuel
Maintenance
Repairs
Total
PV of Total
1
$3,759.96
$1,304
$104
$1,758
$0
$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
-$5,366.40
-$4,629
Final Cost of Ownership
$28,882Slide8Slide9Slide10
LENGTH OF OWNERSHIP
Cost of Ownership
Time Period
Yaris
Fit
3 Years
$19,082.15
$18,158.16
5 Years
$28,881.84
$28,593.92
MAINTENANCE TYPE
5 Year Cost of Ownership
Maintenance Type
Yaris
Fit
Dealer 5 Years
$28,881.84
$28,593.92
Dealer 3 Years/Third Party2 Years
$28,549.62$28,264.74Slide11
Conclusions5 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 Time3
rd
Party Maintenance
$5 DifferenceSlide12
ResourcesHonda Official Website and Local Dealer
Toyota Official Website and Local Dealer
Firestone Complete
Autocare
Kelly Blue Book
Bankrate.comInsure.com
Carinsurance.com
Newcar.com