5-Year Actual Cost of Owning A Vehicle With Below Prime Auto Loans

BELOW-PRIME AUTO LOANS 5-Year Actual Cost of Owning a Vehicle ABOUT ACTUAL COST OF OWNERSHIP (ACO) CarFinance.com The best car buyers are informed buyers. First, take the time to understand the actual cost of owning a car, meaning your costs at purchase and the upcoming maintenance fees each year. Here is the ACO for today's top selling car models. CURRENT PURCHASE ASSUMPTIONS - 15,000 miles driven annually - Financed with below-prime credit rating - 10% down payment Loan term-length of 60 months - Fair purchase price for all vehicles provided by kbb.com · Estimates based on national averages and vehicle model estimates BREAKDOWN OF ACO PERCENTAGES OVER 5 YEARS DOWN PAYMENT MAINTENANCE & REPAIRS FEES & REGISTRATION INSURANCE LOAN PAYMENTS 4.49% 3.60% 2.40% FUEL 15.12% TAXES 66.63% 20.27% 3.02% RESIDUAL VALUE ACTUAL COST Almost 67% of the total cost 15.53% OF OWNERSHIP of ownership is attributed to monthly loan pay ments. DID YOU KNOW? TOP 5 MOST AFFORDABLE CARS BASED ON ACO 11% IS THE TOYOTA COROLLA/MATRIX $41,261 AVERAGE VALUE LOST HONDA CIVIC $43,714 THE MINUTE YOU DRIVE OFF NISSAN ALTIMA | $47,054 THE DEALER'S HONDA ACCORD $48,081 LOT. FORD FUSION | $48,180 CarFinance.com The Actual Cost of Ownership (ACO) in this analysis was calculated based on data aggregated from a number of credible sources across the web. This mass of data was necessary in order to best estimate costs and expenses for each vehicle over a 5-year period. To view explanations of how costs or sources were used to calculate the ACO, visit the full analysis at the CarFinance.com Auto Loans blog. %24