Financial and Business News

Financial Crisis and cars

The Car Loans were going up and up, while the start of financial crisis. Suddenly, in one minute the money become unstable and properties (movable or not) jumped with their prices. The crisis reflecred also to many goods, just like petrol. Prices of oil, respectively and those of fuel in the United States decreased recently, but the price of petrol is still about 1 dollar a gallon higher, compared with the same period last year, and that of the most expensive type of fuel exceeds 4 bucks for a gallon. This is one of the factors that turn luxury cars in one of the most expensive to hold. Indeed, the car finance of driving can be very high if you add the cost of depreciation tax, registration fees, car insurance, maintenance and repair for five years. In some cases, costs exceed twice the price that the vehicle owner has paid for it. The luxury sedan S65 AMG to Mercedes-Benz occupies first place in the Forbes ranking of the most expensive cars to drive. Cost the car amount of 194 000 dollars, but the five-year cost of holding it reached 252 209 dollars. The car moves premium gasoline and the cost is quite high. The owner will have to spend 27 286 dollars for fuel in five years given that traveling around 15 000 miles a year. However, depreciation is the biggest problem since constitute 48.6 percent of the total cost of ownership of the vehicle. To determine the 10-they-expensive cars for driving, Forbes used data from the company Vincentric, landing statistics for the cost of ownership of a car. Then they split the market in 10 class cars to determine the patterns of 2008, whose ownership was the most expensive. One look at the top of the ranking may make you reflections on the purchase of Mercedes, since four of the five most expensive car for driving from the German manufacturer. Secondly, after the S65 AMG, ranks sports model Mercedes-Benz SL65 with a total cost of ownership amounting to 231 827 dollars for five years, under the number three ranking in enters the cabrio Mercedes-Benz SL600 with total costs amounting to 181 317 dollars, as soon as it comes SUV model Mercedes-Benz G55 with total costs amounting to 159 801. Top five is based on Lexus LS600 Hybrid. Although this model of the Lexus e with hybrid engine, its fuel cost remains too high. The price of the car is 104 900 dollars, but fuel costs constitute 24 percent (17 111 dollars) of the total cost of ownership of the car, reaching 143 355 dollars for five years. In the second half of the top rank Audi RS4, Dodge Charger (Large Sedan), Subaru Impresa (Small Car), Volkswagen Passat (Family Sedan) and Volkswagen R32 (Hatchback) Life can be full of surprises, but spraying of double money what you pay for a car within five years need not be one of them.

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posted by Zoritza Petrova @ 11:07 AM