The vehicle's value rating is calculated by our data vendor, Vincentric.
How does Vincentric measure value and establish its ratings? This question is best answered with an example. Two vehicles can have the same purchase price, but different ownership costs. The vehicle with the lower ownership costs is a better value than the one having the higher ownership costs.
To put this concept into action for the 2006 model year analysis, Vincentric first measured the cost of ownership for over 1,900 vehicle configurations. Cost of ownership is calculated by combining the costs associated with depreciation, insurance, repairs, maintenance (scheduled and unscheduled), finance, fuel, taxes and state fees (including the Federal Hybrid Tax Credit), and opportunity costs. This creates the Measured Cost of Ownership.
The vehicle's Expected cost of ownership is based on statistical models that correlate the price of a vehicle with cost of ownership within each of the 34 segments that comprise all vehicles. An average Expected cost to own is established. Any vehicle that falls above the Average Value line is a better value than a vehicle that fall below the Average
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