How Are Used Car Values Calculated?
Our article will tell you in detail how used car's values are calculated.
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Chrysler (FCA US LLC) is recalling certain 2017 Jeep Renegade vehicles. Due to a software issue, multiple malfunction indicator lamps may illuminate on the instrument panel when no malfunction exists. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard (FMVSS) number 101, "Control and Displays."
Chrysler (FCA US LLC) is recalling certain 2017 Jeep Renegade vehicles equipped with a 2.4L engine. These vehicles may be equipped with a cracked oil pump housing/balance shaft module (BSM), which can cause the oil pump to fail and the engine to stall.
Chrysler (FCA US LLC) is recalling certain 2017-2018 Jeep Renegade 4X2 flex fuel/E85 vehicles equipped with a 2.4L engine. In certain operating conditions such as high power demand in conjunction with high altitude and/or high ambient temperatures, a manufacturing error in the fuel pump assembly may result in a loss of fuel pressure.
Title | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total for 5 years |
---|---|---|---|---|---|---|
Depreciation |
Year 1 $1,330 |
Year 2 $1,228 |
Year 3 $1,125 |
Year 4 $1,023 |
Year 5 $921 |
Total for 5 years: $5,627 |
Insurance |
Year 1 $1,825 |
Year 2 $1,889 |
Year 3 $1,955 |
Year 4 $2,023 |
Year 5 $2,094 |
Total for 5 years: $9,786 |
Fuel |
Year 1 $1,418 |
Year 2 $1,461 |
Year 3 $1,512 |
Year 4 $1,572 |
Year 5 $1,643 |
Total for 5 years: $7,606 |
Maintenance |
Year 1 $2,253 |
Year 2 $1,559 |
Year 3 $1,000 |
Year 4 $1,009 |
Year 5 $2,056 |
Total for 5 years: $7,877 |
Repair |
Year 1 $786 |
Year 2 $963 |
Year 3 $1,094 |
Year 4 $1,217 |
Year 5 $1,409 |
Total for 5 years: $5,469 |
Taxes & Fees |
Year 1 $830 |
Year 2 $94 |
Year 3 $120 |
Year 4 $77 |
Year 5 $107 |
Total for 5 years: $1,228 |
Total for 5 years: $37,594
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Our article will tell you in detail how used car's values are calculated.
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