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Is It Better to Buy a Used Car Compared to a New Car?
Our team will tell you about buying a used car compared to a new car
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Honda (American Honda Motor Co.) is recalling certain 2013-2015 Acura ILX, 2013 Acura ILX Hybrid, 2012 Honda Civic Hybrid, and 2007-2008 Honda Fit vehicles with a manual transmission and 2009-2013 Honda Fit vehicles originally sold, or ever registered, in Connecticut, Delaware, District of Columbia, Illinois, Indiana, Iowa, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia, and Wisconsin. The drive shafts' protective coating may not have been applied properly during manufacturing, making it more susceptible to damage from road salt, or other contaminants, and potentially cause it to break.
Title | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total for 5 years |
---|---|---|---|---|---|---|
Depreciation |
Year 1 $793 |
Year 2 $732 |
Year 3 $671 |
Year 4 $610 |
Year 5 $549 |
Total for 5 years: $3,355 |
Insurance |
Year 1 $1,460 |
Year 2 $1,511 |
Year 3 $1,564 |
Year 4 $1,619 |
Year 5 $1,675 |
Total for 5 years: $7,829 |
Fuel |
Year 1 $1,238 |
Year 2 $1,275 |
Year 3 $1,320 |
Year 4 $1,373 |
Year 5 $1,434 |
Total for 5 years: $6,640 |
Maintenance |
Year 1 $2,763 |
Year 2 $1,876 |
Year 3 $958 |
Year 4 $644 |
Year 5 $2,291 |
Total for 5 years: $8,532 |
Repair |
Year 1 $1,301 |
Year 2 $1,290 |
Year 3 $1,473 |
Year 4 $1,590 |
Year 5 $1,816 |
Total for 5 years: $7,470 |
Taxes & Fees |
Year 1 $420 |
Year 2 $48 |
Year 3 $61 |
Year 4 $39 |
Year 5 $54 |
Total for 5 years: $622 |
Total for 5 years: $34,449
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