New Accord - Premium Quality With Excellent Ownership Costs

For most owners, depreciation is the biggest single cost associated with running a new car, often exceeding all other combined costs. It is good news then that Britain’s leading car valuation authority CAP is forecasting a residual value which places the car level with the Audi A4 2.0 and Volvo S60TS at the 3 year 60,000 mile point. The RV is just 1% shy of the figure for a BMW 320i SE, to establish the new Accord at the top end of the "quality" sector.

Affordable Leasing Rates

Average rentals of two of the top 10 leasing companies in the UK establish the new Accord as one of the most affordable cars in the quality D sector. In particular the Accord 2.0 Executive (average rental £372), undercuts such benchmark competitors as the Audi A4 2.0 SE (£386), Volvo S60 2.0 TS (£406) and Saab 9-3 1.8t Linear (£397). The lead-in Accord 2.0 SE has an average monthly rate of just £325.

New Accord Versus Competitors Running Cost Summary

	Accord 2.0 Executive	Accord 2.4 Type-S	Audi A4 2.0 SE	Volvo S60 2.0 TS	Saab 9-3 1.8t Linear
P11D price	£18,815	£18,915	£19,120	£19,815	£18,315
CAP RV*	£7325 / 39%	£7325 / 39%	£7475 / 39%	£7675 / 39%	£7025 / 38%
Power PS	155	190	130	170	150
ABI Ins Group	11	14	13	14	12
Mpg Combined	38.2	31.4	35.8	30.7	34.4
CO2 g/km	176	214	192	218	199
BIK tax**	£1505	£1967	£1683	£2140	£1685
SMR cost***	£1104.47	£1315.33	£1806.04	£2086.66	£1349.62
Repair	£278.52	£286.73	£536.23	£490.40	£312.90
Tyre	£384.93	£587.58	£770.66	£635.24	£586.42
Service	£441.02	£441.02	£499.15	£961.02	£450.30
Service hours	6.3	6.3	4.8	10.4	4.0
Service interval	12,500	12,500	18,500	12,000	18,000
Warranty	3yr / 90k	3yr / 90k	3yr / 60k	3yr / 60k	3yr / 60k
Leasing rate****	£372.20	£381.44	£386.44	£406.09	£396.97

* CAP Monitor future values at 3 years / 60k, Nov 02

** for 40% tax payer 2003/04

*** International Decision Systems total cost data for 3 years 60k

**** Average rate from two of the top 10 leading leasing companies, 3 year 60k

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