|
The graph shows amounts for cumulative depreciation for 10 years for three depreciation rates: high, low and average. These are based on historical book values for used vehicles, which vary by model and make. Also, your estimate of how much you drive your car should help you determine which rate to use. For example, if your car has higher-than-average wear-and-tear, you should consider using high depreciation. |
|
|
Should I lease or purchase a vehicle... |
|
|
The graph shows the difference in average yearly cost of ownership for new and used vehicles. In the first few years of ownership, new vehicles incur more in financing, depreciation and other costs than used vehicles. Over time, the difference in average yearly cost of ownership declines. |
|
|
The graph shows how the total cost of vehicle ownership increases over time. |
|
|
|
The graph shows how your monthly payment declines as the loan term increases. The cumulative amount of interest you pay, however, will increase as the loan term increases. |
|
|
The graph shows the total interest expense of the two loans over time. |
|
|
The bar graph shows monthly payment, total interest cost and net cost for each loan. |
|
|
The graph shows the total cost of a loan over a range of loan terms. It compares a loan that offers low-rate financing with a loan that offers a rebate. |
|
|
A large part of your savings over time is due to less depreciation in the vehicle's book value in the later years of ownership. |
|
|
The graph shows the direct relationship that exists between the size of your monthly payment |
|