COSTA MESA, Calif., Feb. 19 /PRNewswire/ -- To assist car buyers in understanding all costs associated with owning a car -- not just the sticker price -- NADAguides.com, a leading vehicle information website, has launched Five-Year Ownership Costs at its website, http://www.NADAguides.com.
NADAguides.com now gives car buyers a detailed overview of the estimated costs to own a vehicle over the course of five years, including depreciation, fees & taxes, insurance, fuel, maintenance, opportunity cost, repairs and finally, a five year summary of all associated costs specific to a particular make and model. NADAguides.com allows users to easily implement their zip code, with the resulting ownership cost information geared specifically to the area in which a person lives. The service is powered by Vincentric, a leading Michigan-based automotive data compilation and analysis company.
In addition to numeric values for each of the cost categories, buyers have access to full color charts that provide a visual demonstration of ownership costs, to help car buyers understand exactly which categories represent the largest expenses when it comes to owning a particular vehicle. What's more, buyers can drill down further by clicking on specific areas of each chart for detailed trending graphs, for an even more granular view of each cost category.
"There's more to owning a car than just the purchase price," said Don Christy, Jr., president and CEO, NADAguides.com. "Car buyers need to understand that over time, there are a variety of additional expenses that can add up substantially. Knowing what those expenses are, and comparing those costs vehicle to vehicle, is precisely the kind of information that helps people make educated new car buying decisions."
NADAguides.com provides detailed descriptions for each category, including Depreciation, which is an estimate of the reduction of value incurred by owning and operating a vehicle over a period of time, and Opportunity Cost, which is an estimate of the interest that could have been earned if funds had not been spent owning and operating a vehicle. Finally, each vehicle is given a Value Rating, which provides car buyers with a snapshot as to whether or not a vehicle is a good value based on its overall ownership expenses.
Five-Year Ownership Costs are a new addition to the NADAguides.com New Car Buying Guide -- a complete and easy-to-use online car buying tool that consists of invoice and MSRP pricing, standard features, specs and performance information, full-color photos and 360-degree views, test drive videos, safety information, crash test videos, warranty information, incentives and rebates, finance and insurance information, dealer price quotes, side-by-side comparisons, and building and pricing tools.
Five-Year Ownership Costs are found in the New Car Center of NADAguides.com, on the new car pricing report, after a car buyer has selected the particular make and model he or she is interested in researching.
N.A.D.A. Appraisal Guides (NADAguides.com) is the world's largest publisher of vehicle pricing and specification information for new and used cars, trucks, vans, and SUVs, as well as van conversions, limousines, classic and collectible cars, boats, RVs, motorcycles, snowmobiles, personal watercraft and manufactured housing. The company's consumer website, NADAguides.com (http://www.NADAguides.com), offers a variety of new and used vehicle services in addition to valuation information. Throughout its 75-year history, N.A.D.A. Appraisal Guides has earned the reputation as the recognized authority for vehicle valuations. Its website, NADAguides.com, is the most comprehensive vehicle information resource on the Internet today.
Vincentric provides data, knowledge, and insight to the automotive industry by identifying and applying the many aspects of automotive value. Using Vinbase(TM), its comprehensive, proprietary cost-of-ownership database, the company measures and analyzes the overall cost of owning and operating vehicles and its impact on the value provided to buyers. Vincentric data is used by organizations such as JATO Dynamics, Cars.com, Yahoo! Autos, Consumer Reports, Kiplinger's Personal Finance, Business Fleet Magazine and Fleet-Central.com as a means of providing automotive insight to their clientele. Vincentric, LLC, is a privately held automotive data compilation and analysis firm headquartered in Bloomfield Hills, Michigan.