#2021 honda odyssey ex l driver#

The opportunity cost is calculated using other Total Cost to Own data fields and the interest calculated is based on current interest rates, supplied by nationally recognized financial institutions. Opportunity cost is an estimate of the interest that could have been earned if the funds had not been spent owning and operating the vehicle. Maintenance costs can vary greatly based upon the vehicle you own and how you drive it, but the maintenance cost estimated is based on three key data points that we receive from industry sources: frequency of incident, labor rates, and parts prices. Maintenance costs are an estimate of what it will cost you to maintain the vehicle over a period of time.

The estimated miles driven per year, the type of fuel the vehicle requires, and current state gas prices are all factored into the estimated fuel costs. Government Environmental Protection Agency's estimated mileage figures (when available) for both highway and city driving, then adjust based on the estimated percentage of mileage for these two types of driving. The cost is estimated based on data from multiple insurance industry sources.ДЇuel costs are an estimate of what it will cost you at the gas pump for the vehicle over a period of time.

#2021 honda odyssey ex l driver#

Insurance costs vary widely based upon the driving record of the owner and the coverage amount, so we estimate the cost using assumptions about the driver and coverage amount. Insurance costs are an estimate of what it will cost you to insure the vehicle over a period of time. The financing costs are calculated by using various data sources from multiple lending institutions, including standard down payment amounts, loan terms, and current interest rates. Fees and taxes are imposed by state and local governments and government agencies, such as the DMV, and they include the cost of registration, title fees, and state sales taxes.ДЇinancing is an estimate of what it will cost you to borrow money to purchase a vehicle.

The depreciation cost is calculated using a combination of data sources and assumptions, including the value of the vehicle, the mileage of the vehicle, and the overall the condition of the vehicle.ДЇees and taxes are an estimate of the costs you will incur to operate the vehicle over a period of time.

Depreciation is an estimate of the reduction in value incurred by owning and operating a vehicle over a period of time.