A Branded Title: Meaning and Drawbacks
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Hyundai Motor Company (Hyundai) is recalling certain model year 2006-2009 Accent, model year 2007-2011 Azera, Sonata and Sante Fe,2006-2011 Tucson, 2009-2011 Elantra Touring, 2007-2010 Elantra, 2008-2011 Veracruz, 2009-2011 Genesis, 2010-2011 Genesis Coupe, 2007-2008 Entourage, and 2006-2008 Tiburon vehicles. Originally, in April 2013, Hyundai recalled 1,059,824 model year 2007-2009 Accent and Tucson, model year 2007-2010 Elantra, model year 2007-2011 Santa Fe, model year 2008-2009 Veracruz, model year 2010-2011 Genesis Coupe, and model year 2011 Sonata vehicles. In September 2013, Hyundai informed the agency that it was adding more vehicles to this campaign, representing an additional 652,512 units. The total number of vehicles being recalled is now 1,712,336. In the affected vehicles, the stop lamp switch may malfunction. A malfunctioning stop lamp switch may cause the brake lights to not illuminate when the brake pedal is depressed or may cause an inability to deactivate the cruise control by depressing the brake pedal. Additionally, a malfunctioning stop lamp switch may also result in intermittent operation of the push-button start feature, affect the operation of the brake transmission shift interlock feature, preventing the shifter from being moved out of the PARK position and cause the Electronic Stability Control (ESC) malfunction light to illuminate.
Hyundai Motor America (Hyundai) is recalling certain model year 2009-2011 Hyundai Accent vehicles manufactured March 1, 2009, to February 11, 2011. In the affected vehicles, the brake light switch may malfunction. A malfunctioning brake light switch may cause the brake lights to not illuminate when the brake pedal is depressed or may cause an inability to deactivate the cruise control by depressing the brake pedal. Additionally, a malfunctioning brake light switch may also prevent the shifter from being moved out of the PARK position.
Title | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total for 5 years |
---|---|---|---|---|---|---|
Depreciation |
Year 1 $512 |
Year 2 $472 |
Year 3 $433 |
Year 4 $394 |
Year 5 $354 |
Total for 5 years: $2,165 |
Insurance |
Year 1 $1,451 |
Year 2 $1,502 |
Year 3 $1,554 |
Year 4 $1,609 |
Year 5 $1,665 |
Total for 5 years: $7,781 |
Fuel |
Year 1 $1,322 |
Year 2 $1,362 |
Year 3 $1,409 |
Year 4 $1,466 |
Year 5 $1,532 |
Total for 5 years: $7,091 |
Maintenance |
Year 1 $2,763 |
Year 2 $1,687 |
Year 3 $831 |
Year 4 $366 |
Year 5 $2,291 |
Total for 5 years: $7,938 |
Repair |
Year 1 $1,230 |
Year 2 $1,290 |
Year 3 $1,473 |
Year 4 $1,590 |
Year 5 $1,816 |
Total for 5 years: $7,399 |
Taxes & Fees |
Year 1 $318 |
Year 2 $36 |
Year 3 $46 |
Year 4 $30 |
Year 5 $41 |
Total for 5 years: $471 |
Total for 5 years: $32,844
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In this post, we'll go through the most common types of branded titles.
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