A Branded Title: Meaning and Drawbacks
In this post, we'll go through the most common types of branded titles.
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Kia America, Inc. (Kia) is recalling certain 2016-2022 Sorento, 2021-2022 Sorento Hybrid (HEV), 2022-2023 Sorento Plug-In Hybrid (PHEV), and 2017-2022 Sportage vehicles equipped with a tow hitch harness installed as original equipment, or purchased as an accessory through a Kia dealership. Debris and moisture accumulation on the tow hitch harness module printed circuit board (PCB) may cause an electrical short, which can result in a fire.
Title | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total for 5 years |
---|---|---|---|---|---|---|
Depreciation |
Year 1 $1,667 |
Year 2 $1,538 |
Year 3 $1,410 |
Year 4 $1,282 |
Year 5 $1,154 |
Total for 5 years: $7,051 |
Insurance |
Year 1 $2,010 |
Year 2 $2,081 |
Year 3 $2,153 |
Year 4 $2,229 |
Year 5 $2,307 |
Total for 5 years: $10,780 |
Fuel |
Year 1 $1,529 |
Year 2 $1,575 |
Year 3 $1,630 |
Year 4 $1,696 |
Year 5 $1,772 |
Total for 5 years: $8,202 |
Maintenance |
Year 1 $1,501 |
Year 2 $1,369 |
Year 3 $1,007 |
Year 4 $1,213 |
Year 5 $1,711 |
Total for 5 years: $6,801 |
Repair |
Year 1 $506 |
Year 2 $705 |
Year 3 $796 |
Year 4 $923 |
Year 5 $1,088 |
Total for 5 years: $4,018 |
Taxes & Fees |
Year 1 $1,153 |
Year 2 $131 |
Year 3 $167 |
Year 4 $107 |
Year 5 $149 |
Total for 5 years: $1,707 |
Total for 5 years: $38,560
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