How Are Used Car Values Calculated?
Our article will tell you in detail how used car's values are calculated.
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Hyundai Motor America (Hyundai) is recalling certain 2022 Elantra N and 2022-2023 Elantra vehicles. The emblem on the cover of the driver's front air bag may not have been welded properly, which can result in the emblem detaching upon deployment.
Hyundai Motor America (Hyundai) is recalling certain 2023-2024 Palisade Tucson, 2023 Sonata, Elantra, and Kona vehicles. The electronic controller for the Idle Stop & Go oil pump assembly may contain damaged electrical components that can cause the pump controller to overheat.
Title | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total for 5 years |
---|---|---|---|---|---|---|
Depreciation |
Year 1 $3,464 |
Year 2 $1,663 |
Year 3 $1,524 |
Year 4 $1,386 |
Year 5 $1,247 |
Total for 5 years: $9,284 |
Insurance |
Year 1 $2,217 |
Year 2 $2,295 |
Year 3 $2,375 |
Year 4 $2,458 |
Year 5 $2,544 |
Total for 5 years: $11,889 |
Fuel |
Year 1 $1,114 |
Year 2 $1,148 |
Year 3 $1,188 |
Year 4 $1,235 |
Year 5 $1,291 |
Total for 5 years: $5,976 |
Maintenance |
Year 1 $104 |
Year 2 $810 |
Year 3 $838 |
Year 4 $1,196 |
Year 5 $1,068 |
Total for 5 years: $4,016 |
Repair |
Year 1 $91 |
Year 2 $323 |
Year 3 $353 |
Year 4 $487 |
Year 5 $612 |
Total for 5 years: $1,866 |
Taxes & Fees |
Year 1 $1,275 |
Year 2 $145 |
Year 3 $185 |
Year 4 $119 |
Year 5 $165 |
Total for 5 years: $1,889 |
Total for 5 years: $34,920
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Our article will tell you in detail how used car's values are calculated.
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