New Accord - Premium Quality With Excellent Ownership Costs | Part Four (2002)

Low Depreciation

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

Published 7 December 2002 Melanie Carter
 

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