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Group 3. Honda fit vs Toyota yaris. Members. Chandler Hwe – Research Dealer Maintenance Costs Michael Relich – Research Third Party Maintenance Costs. Honda Fit vs Toyota Yaris. What vehicle is more economical to own? Assumptions:
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Group 3 Honda fit vs Toyota yaris
Members • Chandler Hwe – Research Dealer Maintenance Costs • Michael Relich – Research Third Party Maintenance Costs
Honda Fit vs Toyota Yaris • What vehicle is more economical to own? • Assumptions: • Base model with the exception of certain options added to make cars more comparable in features. • 15,000 miles per year. 40% City, 60% Highway • 5 Years of Ownership • Loan Terms are the same • Taxes and Fees included in loan • Dealership performs all maintenance
Variables • Loan Payments (based on cost of car) • Salvage Value • Maintenance Costs • Fuel Costs
Resources • Kelly Blue Book • Honda (Website and Local Dealership) • Toyota (Website and Local Dealership) • Edmunds