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Compact, Hatchback
2010 Honda Element
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With cost of ownership that was over 5% lower than expected, the Honda Element was the winner by a wide margin in the compact hatchback segment. Its low insurance and maintenance costs were the key drivers behind the victory over the second place Toyota Matrix.
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| 2010 Honda Element |
| Cost Item |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Total |
| Depreciation: |
$5,070 |
$2,200 |
$2,127 |
$1,924 |
$1,725 |
$13,046 |
| Fees & Taxes: |
1,354 |
86 |
94 |
79 |
88 |
$1,701 |
| Finance: |
1,340 |
1,081 |
803 |
504 |
183 |
$3,912 |
| Fuel: |
1,892 |
1,959 |
2,029 |
2,101 |
2,176 |
$10,156 |
| Insurance: |
1,913 |
1,893 |
1,873 |
1,854 |
1,836 |
$9,367 |
| Maintenance: |
115 |
221 |
575 |
617 |
1,431 |
$2,959 |
| Opportunity Cost: |
236 |
331 |
427 |
473 |
451 |
$1,918 |
| Repairs: |
0 |
0 |
0 |
247 |
668 |
$869 |
| Total: |
$11,920 |
$7,771 |
$7,927 |
$7,798 |
$8,558 |
$49,973 |
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