How Are Used Car Values Calculated?
Our article will tell you in detail how used car's values are calculated.
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Lotus Cars is recalling certain model year 2013 Evora vehicles manufactured September 2012 through November 2012. These vehicles have been granted a temporary exemption from the requirement to conform to the latest passenger side advanced air bag requirements covered by Federal Motor Vehicle Safety Standard No. 208, "Occupant Crash Protection," but the affected vehicles do not a contain temporary exemption label in accordance with 49 CFR 555.9. Additionally, the affected vehicles have the incorrect date of manufacture on the Federal Certification Label.
Title | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total for 5 years |
---|---|---|---|---|---|---|
Depreciation |
Year 1 $4,462 |
Year 2 $4,119 |
Year 3 $3,775 |
Year 4 $3,432 |
Year 5 $3,089 |
Total for 5 years: $18,877 |
Insurance |
Year 1 $1,966 |
Year 2 $2,035 |
Year 3 $2,106 |
Year 4 $2,180 |
Year 5 $2,256 |
Total for 5 years: $10,543 |
Fuel |
Year 1 $1,814 |
Year 2 $1,868 |
Year 3 $1,934 |
Year 4 $2,011 |
Year 5 $2,102 |
Total for 5 years: $9,729 |
Maintenance |
Year 1 $2,763 |
Year 2 $2,862 |
Year 3 $1,740 |
Year 4 $2,470 |
Year 5 $2,291 |
Total for 5 years: $12,126 |
Repair |
Year 1 $1,497 |
Year 2 $1,290 |
Year 3 $1,473 |
Year 4 $1,590 |
Year 5 $1,816 |
Total for 5 years: $7,666 |
Taxes & Fees |
Year 1 $3,309 |
Year 2 $377 |
Year 3 $480 |
Year 4 $308 |
Year 5 $427 |
Total for 5 years: $4,901 |
Total for 5 years: $63,841
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Our article will tell you in detail how used car's values are calculated.
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