Buying a New Car? Sticker Price Isn’t the Only Cost You Should Consider

NADAguides.com Provides Five-Year Ownership Costs for Depreciation, Fuel, Maintenance and More

COSTA MESA, Calif., Feb. 19 /PRNewswire/ — To assist car buyers in
understanding all costs associated with owning a car — not just the
sticker price — NADAguides.com, a leading vehicle information website, has
launched Five-Year Ownership Costs at its website,
http://www.NADAguides.com.

NADAguides.com now gives car buyers a detailed overview of the
estimated costs to own a vehicle over the course of five years, including
depreciation, fees & taxes, insurance, fuel, maintenance, opportunity cost,
repairs and finally, a five year summary of all associated costs specific
to a particular make and model. NADAguides.com allows users to easily
implement their zip code, with the resulting ownership cost information
geared specifically to the area in which a person lives. The service is
powered by Vincentric, a leading Michigan-based automotive data compilation
and analysis company.

In addition to numeric values for each of the cost categories, buyers
have access to full color charts that provide a visual demonstration of
ownership costs, to help car buyers understand exactly which categories
represent the largest expenses when it comes to owning a particular
vehicle. What’s more, buyers can drill down further by clicking on specific
areas of each chart for detailed trending graphs, for an even more granular
view of each cost category.

“There’s more to owning a car than just the purchase price,” said Don
Christy, Jr., president and CEO, NADAguides.com. “Car buyers need to
understand that over time, there are a variety of additional expenses that
can add up substantially. Knowing what those expenses are, and comparing
those costs vehicle to vehicle, is precisely the kind of information that
helps people make educated new car buying decisions.”

NADAguides.com provides detailed descriptions for each category,
including Depreciation, which is an estimate of the reduction of value
incurred by owning and operating a vehicle over a period of time, and
Opportunity Cost, which is an estimate of the interest that could have been
earned if funds had not been spent owning and operating a vehicle. Finally,
each vehicle is given a Value Rating, which provides car buyers with a
snapshot as to whether or not a vehicle is a good value based on its
overall ownership expenses.

Five-Year Ownership Costs are a new addition to the NADAguides.com New
Car Buying Guide — a complete and easy-to-use online car buying tool that
consists of invoice and MSRP pricing, standard features, specs and
performance information, full-color photos and 360-degree views, test drive
videos, safety information, crash test videos, warranty information,
incentives and rebates, finance and insurance information, dealer price
quotes, side-by-side comparisons, and building and pricing tools.

Five-Year Ownership Costs are found in the New Car Center of
NADAguides.com, on the new car pricing report, after a car buyer has
selected the particular make and model he or she is interested in
researching.

About NADAguides.com

N.A.D.A. Appraisal Guides (NADAguides.com) is the world’s largest
publisher of vehicle pricing and specification information for new and used
cars, trucks, vans, and SUVs, as well as van conversions, limousines,
classic and collectible cars, boats, RVs, motorcycles, snowmobiles,
personal watercraft and manufactured housing. The company’s consumer
website, NADAguides.com (http://www.NADAguides.com), offers a variety of
new and used vehicle services in addition to valuation information.
Throughout its 75-year history, N.A.D.A. Appraisal Guides has earned the
reputation as the recognized authority for vehicle valuations. Its website,
NADAguides.com, is the most comprehensive vehicle information resource on
the Internet today.

About Vincentric

Vincentric provides data, knowledge, and insight to the automotive
industry by identifying and applying the many aspects of automotive value.
Using Vinbase(TM), its comprehensive, proprietary cost-of-ownership
database, the company measures and analyzes the overall cost of owning and
operating vehicles and its impact on the value provided to buyers.
Vincentric data is used by organizations such as JATO Dynamics, Cars.com,
Yahoo! Autos, Consumer Reports, Kiplinger’s Personal Finance, Business
Fleet Magazine and Fleet-Central.com as a means of providing automotive
insight to their clientele. Vincentric, LLC, is a privately held automotive
data compilation and analysis firm headquartered in Bloomfield Hills,
Michigan.

SOURCE NADAguides.com

- Via Motor News Network [ http://www.motornewsnet.com/ ] [Inbox MM]