Comparison of selected models shows wide range
Luxury vehicles keep buyers digging into their wallets long after they're done with the dealer. That's one finding of an analysis of car-ownership costs by Runzheimer International, a Rochester, Wisc.-based management consulting firm.
The firm did a "spot analysis" of 23 cars selected as a cross-section. Operating costs include fuel, oil, tires, and maintenance. Ownership costs include insurance, depreciation, financing, taxes, and license-and-registration fees. The figures below represent total costs for the cars called cheapest of the 23 to own.
Priciest to own? The Mercedes 500S is "in a league by itself," Runzheimer says, at $15,892.
Total Operating costs of selected 2001 vehicles
Saturn SL2 Sedan $ 7,591 Honda Accord DX 7,868 Dodge Neon Highline 8,274 Chevrolet Prizm 8,358 Toyota Camry CE 8,680 Ford Taurus SE 9,674
Source: Runzheimer International
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