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Honda Element
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| Crossover, Entry Level
Honda Element
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| The unique look and fun functionality of the Honda Element do more than give owners a sense of independence….they give owners excellent value as well. Vincentric’s Best Value in America™ award in this entry level segment went to the Element as a result of its extremely low depreciation rate and it’s low maintenance costs. |
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| 2008 Honda Element EX 4D Utility 2WD 5sp |
| Cost Item |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Total |
| Depreciation: |
$4363 |
$1904 |
$1692 |
$1481 |
$1269 |
$10709 |
| Fees & Taxes: |
1200 |
82 |
88 |
75 |
83 |
$1528 |
| Finance: |
1200 |
968 |
718 |
451 |
163 |
$3500 |
| Fuel: |
2289 |
2371 |
2455 |
2542 |
2633 |
$12290 |
| Insurance: |
1412 |
1397 |
1383 |
1371 |
1358 |
$6921 |
| Maintenance: |
84 |
291 |
182 |
1579 |
84 |
$2220 |
| Opportunity Cost: |
359 |
597 |
831 |
1143 |
1426 |
$4356 |
| Repairs: |
0 |
0 |
158 |
264 |
264 |
$686 |
| Total |
$10907 |
$7610 |
$7508 |
$8905 |
$7280 |
$42210 |
| *The data displayed here is for the specific model and trim identified. The award is based on an average of all trims combined as of January 2008. |
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