Thursday, June 12, 2014

Economical and reliable car?




Contemplat


Subaru, Honda or Toyota or ???? Thanks for your input!
Mostly I would drive it and mostly city and some highway miles.
Also has to be good in snow.



Answer
Honda receives the highest ranking among non-luxury brands in our firm's latest Initial Quality Study, which measures new-vehicle quality after the first 90 days of ownership. Models that are tops in initial quality at the segment level include subcompacts such as the Honda Fit, the Kia Rio and Hyundai Accent. The compact quality leader this year is the Honda Civic, followed by the Toyota Corolla and Hyundai Elantra. Among compact crossovers and utilities, which may do well in snowy weather conditions, the Honda CR-V earns the highest ranking followed by the Nissan Xterra and the Hyundai Tucson.

All three of the brands that you mention rank among the top 10 nameplates in terms of dependability on our latest J.D. Power and Associates Vehicle Dependability Study, which measures customer satisfaction with the reliability or dependability of 3-year-old models. Honda in fact ranks in the top five along with two other non-premium brandsâBuick and Mercury. Toyota ranks No. 6 and Subaru, No. 9.

Models that rank at the top of their segments in dependability after three years of ownership include the subcompact Scion xA. The Hyundai Accent and Chevrolet Aveo also rank among the three best compact models in terms of reliability. The three models with the fewest problems in the compact category are the Honda Civic, Toyota Prius Hybrid and Toyota Corolla. If you prefer crossovers or utility vehicles that may be good choices in snow, the most reliable compact models after three years of ownership are the Toyota RAV4, the Honda CR-V and the Honda Element.

If you are interested in more car reviews, photos, quality ratings and articles as well as buying tips, please visit JDPower.com.

Do luxury cars depreciate faster than average cars?




Jason Sant


I am planning to buy a car. Being a business major and being the thrifty person that I am I would never buy a brand new car because once you drive it out the dealership it already depreciated. A one to two year old car is an ideal buy. My economics professor brought up a good point that luxury cars are cheaper to maintain than normal cars. I live in Hawaii which was ranked the worst state to own a car because maintainance is so expensive.


Answer
I would suggest that you use a shopping tool like Yahoo Autos. Just because it is a luxury car does not mean it depreciates less. Some drop in value faster then a lead ball in a clear sky.
I just pulled up a Ford Taurus and a BMW 5 series. Now the 5 series may not be a true luxury car but it is an up scale car. The BMW depreciates almost 30000 dollars (63%) in the first five years, while the Ford only 15000 dollars (48%). Now there may be cars that break this trend'.With the Ford only costing 26600 dollars to begin with is seems that the total cost of the car is almost free when compared to owning a BMW which looses more in depreciation then the Ford costs new.
So do some study, my gut feeling is that it takes a lot of money to buy a car that will keep its resale value up and then it will only be a percentage think. Lets face it, if a car costs 100000 dollars and it only depreciates 10% of its value in a given year, that is still a lot of money!
Sorry, I miss read the question, even if BMW throws in maintanance for free, it takes a lot of maintanance to make up for the extra 15000 dollars worth of loss on depreciation.




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