The purchase price employed is the vehicle's Total Cash Price, minus any taxes and fees included in that amount. This is the amount by which the value of a vehicle declines from its purchase price to its estimated resale value. (However, we do not account for other types of cash rebates or incentives because of the variability of those offers and their eligibility requirements.) For used vehicles, the Total Cash Price shown is the sum of the vehicle's Private Party TMV ® price in "clean" condition plus typically equipped options, and base tax and fees assessed by your state. Explanation of True Cost to Own ® Terms Total Cash Priceįor new vehicles, the Total Cash Price displayed is the vehicle's True Market Value ® (TMV ®) price plus typically equipped options, destination charge, base tax and fees assessed by your state, and, if applicable, gas guzzler tax less any widely available manufacturer-to-customer cash rebates. We also take into account any applicable federal tax credit. Using proprietary formulas, we calculate the five-year costs for the seven cost categories that make up the TCO ® (depreciation, insurance, financing, taxes & fees, fuel, maintenance and repairs).
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