• Nov 21, 2009
2011 Chevy Volt - Click above for high-res image gallery

So many things are changing in the new automotive reality, it's hard to know where to start. Everything from the kind of hose we connect to our cars (liquid filled? electric?) to the sounds the vehicles make is different now than it used to be. What else needs to change? How about how we think about the costs to own and operate a car.

Naturally, it's always been possible to estimate this cost, but NADAguides.com has just released a "Cost To Own" calculator for new cars, so you can factor in fuel prices in your region into the cost of the car. It's entirely useful. For example, to own a 2010 Prius in Michigan for five years will cost an estimated $33,232. On top of the cost of the car, NADA tells us that the car's depreciation will make up 39 percent of the ownership costs, while fuel equals just 12 percent. A pie chart of the cost breakdown is pictured at right.

On a similar thread, Edmunds recommends a shift away from MPG and towards a cost-of-energy window sticker on a new car. With all of those electric plugs being added to cars, MPG is becoming less valuable and relevant to our understanding how much it costs to get around. Two quick examples: per month, Edmunds estimates it'll cost $53.55 to drive the forthcoming Chevrolet Volt, but $66.78 to operate a Prius. Check out their chart here, and remember that according to a recent study, more efficient vehicles can (and often do) cost less.

[Source: NADAguides.com, Edmunds]

PRESS RELEASE:

How Much Will That New Car Really Cost You Over Time? NADAguides.com Educates Consumers on Its Easy-to-Use 'Cost to Own' Tool

- Powerful Online Tool Analyzes Eight Key Factors to Estimate Five-Year Ownership Costs -

COSTA MESA, Calif., Nov. 19 /PRNewswire/ -- When consumers look to purchase a new vehicle, the price is usually the first thing they research before making the decision to buy. Although the Suggested Retail Price provides the consumer with the total cost for the purchase of the vehicle, one important factor is often overlooked - total cost to own. Depreciation, fees & taxes, financing, insurance, fuel, maintenance, opportunity cost and repairs must also be added in to the cost of ownership. Most often, car shoppers only consider retail price and what their monthly payment will be. While these are, of course, very important car buying decision factors, additional costs are often overlooked.

To help car shoppers, NADAguides.com has built a tool to make this cost to own research easy and provide car shoppers with a quick view of the cost of ownership for a specific car over the course of five years. The NADAguides.com Cost to Own Tool factors in the eight most important costs associated with car ownership - depreciation, fees & taxes, financing, insurance, fuel, maintenance, opportunity cost, and repairs - to give new car shoppers an accurate forecast of how much they can expect to pay and what they can really afford.

"There are many things affecting the actual cost of owning a vehicle that can be overwhelming for consumers to see the true price tag of the car they are considering," said Mike Caudill, NADAguides.com automotive expert and spokesperson. "The NADAguides.com Cost to Own Tool removes all of the guesswork. Shoppers simply select the vehicle and trim level, enter their number of years of driving experience, the number of miles they expect to drive each year and their ZIP code and what results is a detailed report of costs along with visual aids to get a clear picture. These results can even be compared against other vehicles."

After consumers input this basic information, the NADAguides Cost to Own Tool shows the overall five-year cost of ownership in addition to a complete breakdown of the cost associated with each factor for each of the five years.

To access this tool, visit www.NADAguides.com and click 'Cost to Own' on the home page or select '5-Year Ownership Costs' from the left-side menu of any new car vehicle details page.

About NADAguides.com

NADAguides.com (http://www.nadaguides.com/) is the largest publisher of vehicle pricing and information for new and used cars, classic cars, motorcycles, boats, RVs, and manufactured homes. NADAguides.com offers in-depth shopping and research tools in addition to the most market-reflective pricing available. The company also produces print guidebooks, software, web services, raw data and web syndicated products
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    • 1 Second Ago
  • 76 Comments
      • 5 Years Ago
      @GARY:

      Yes because so many Prius's are breaking and down and exploding right?? Wishful thinking on your part.

      Unfortunately for you....the Prius is probably one of the most reliable cars in the world....so suck it up and accept it. Blind love sucks doesn't it.

      GM has nothing to compete with the Prius as far as a relatively new technology/reliability combinations go.

      I'll put my explosion bets on GM...thanks.
      • 5 Years Ago
      Dr. Greenthumb:

      "Check diesel electric trains, they are the most efficient commercially viable vehicles on the planet."

      If true (and I have no reason to doubt it), it automatically poses the question I've been asking for some time now: Why Volt doesn't have 1.4 liter diesel?

      Did they appoint that "War On Diesel" Czar yet? If not, what are they waiting for?
      • 5 Years Ago
      Or Priuses burst into flames after they accelerate uncontrollably into a tree.
      • 5 Years Ago
      Noz - "Faith based love for GM."? You obviously do not know anything about me so don't even try. Toyota can suck it and so can you.
        • 5 Years Ago
        I may not know much about you...but one thing I do know...you're an idiot.
        • 5 Years Ago
        Now now...didn't your mother teach you not to talk when sucking a tit?

        Go work on ya trailer or something...you sound like a fking racist a$$hole.
        • 5 Years Ago
        lol you're funny, nozzlebrain! I'm glad you're enjoying this so much.
        • 5 Years Ago
        And you are an ignorant little pu**yfaced little b!tch. Blow me.
        • 5 Years Ago
        Wow. Are you drunk? You really *are* a stupid little b!tch coming back to this old sh!t. Move on. Go screw a tree or something you p*ssy ass little b!tch.
        • 5 Years Ago
        Awww...poor little Daleam...bitter as hell...oh well.

        You sound like a real dolt.
      • 5 Years Ago
      The Volt is very expensive. Tesla sold a pretty expensive roadster at a $109,000 and managed to find some buyers, however $40,000 might possibly be a stretch for what is essentially a very technologically advanced Chevy hatch. What we know about technology is it goes down in price overtime. If they can spread the technology over a couple brands, they'll probably be in good shape. The Converj is sharp, love it or not, it received a lot of positive press time. GM's been boorish over the last several decades and have turned off a lot of consumers who turned to more friendly and reliable car companies. GM has the capability to produce inexpensive, reliable, technologically advanced cars and they should try it under the umbrella of an interested and friendly car company while committing to it; tough to open your wallet to brash arrogance.
      • 5 Years Ago
        • 5 Years Ago
        OMG, that was hilarious.
      • 5 Years Ago
      Problem with this is many people are looking at cost to own vs cost to hold (on to what they already have). In today's market more and more people are seeing the guy down the street who still rolls into a new car every 2 or 3 years as the village idiot.
        • 5 Years Ago
        Very true, on the Village Idiot label.
        • 5 Years Ago
        Randy - Nothing wrong with spending your money how you see fit.
        • 5 Years Ago
        Although you guys are absolutely right, nothing beats the feel of driving and owning a new car with new generation of technology. I'm one of those who feel that for my hard earned money it's nice to pamper yourself with a new car every 5-6 years. To each his own...
        • 5 Years Ago
        There is a lot of truth in what you say, smegley. I am one of those who chooses to buy older used American cars and drive them for many years. Thanks to the misguided perception of worthlessness of American cars, there are a lot of great deals on them and they have served me well. I have bought from my parents or their friends who are retired and who choose to buy new cars every four to five years or more. I do not think of them as village idiots, I think that they can afford to buy new cars from time to time and choose to do so because they enjoy them. But yes, I do think it's idiotic to buy new cars every few years when one cannot afford it.
      • 5 Years Ago
      Is this new to NADA? I've seen this on Intellichoice for years.

      lgyooper
      • 5 Years Ago
      Hmmm, I wonder if the Volt will last longer than the EV1 did??
        • 5 Years Ago
        @lgyooper
        No it wasn't an experiment...it was an attempt to make an EV and it was canned because GM was more interested in making antiquated junk to sell at much much bigger profits.
        • 5 Years Ago
        @lgyooper
        The EV1 was intended to appease the Californian government, that's it. GM made a mess of it, on purpose.
        • 5 Years Ago
        @lgyooper
        Don't count on it. Notice how the fanbois on here even want to talk about the failed EV1.
        • 5 Years Ago
        @lgyooper
        The EV 1 was never intended to last. It was intended as a study to collect data and develop technologies.
        • 5 Years Ago
        @lgyooper
        What... all those bad memories of your dysfunctional family life coming back for the holiday, nozzlebrain? You're a stupid little b!tch. Why don't you go sleep it off you f***ing moron.
        • 5 Years Ago
        @lgyooper
        They wanted to build what people were buying you ignorant prick.
        • 5 Years Ago
        @lgyooper
        The only thing dysfunctional here is you, you tabacco chewing dolt.

        Go whack off or something with your family member or something...that is what you hicks do after all right dalerium?

        Maybe you should cut down on sucking the fumes from your RV or something...just a suggestion dallylama.





        • 5 Years Ago
        @lgyooper
        Hey daleam...get off your delusional high horse you dolt. It wasn't an experiment...stop making excuses for the company you blindly love.

        Really? People wanted 9 passenger, 5000lb vehicles? Well maybe dumbfking hicks like you did yeah....I guess.

        Fk off.
      • 5 Years Ago
      I would like to be around to see your chin hit the floor is the reality is actually opposite, and 230 mpg is actually a conservative estimate.

      Check diesel electric trains, they are the most efficient commercially viable vehicles on the planet. So much so, that now a firm in Germany is developing a diesel-electric MAGLEV train. It is magnitudes more efficient than the standard MAGLEV trains, because the train makes all the electricity on board. As opposed to having to electrify the entire rail loop. Here is the kicker, the diesel engine powering the generator is about the size of that in a Corolla. Imagine that, moving 180 people for the same cost as it takes to move 1 to 4 people in a Corolla.

      Something tells me that the Volt is going to change the auto industry.
      • 5 Years Ago
      @Gary: Seriously, When Toyota have become the largest auto market, everyone is trying to take them down. So what? There are also other brands have same problem.
      • 5 Years Ago
      If American consumers ever become educated enough to worry about cost of ownership, some car companies are going to be in even deeper trouble than they are now. If someone adds a button on that thing to factor int he amount of your tax dollars that went so that you could buy that over priced piece of crap int he first place, well you might have the makings of a revolution.
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