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Car Cost Analysis: Honda Civic Hybrid vs. Honda S2000

Compare the total costs over 5 years for a 2006 Honda Civic Hybrid Sedan and a 2006 Honda S2000 Roadster using Present Worth Analysis. Includes prices, insurance, maintenance, fuel economy, and salvage value.

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Car Cost Analysis: Honda Civic Hybrid vs. Honda S2000

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  1. Team 3 Equipment Comparison

  2. Team Members • Monica Leong (Organizer) • Sewit Jemal (Summarizer) • Ryan Hernandez (Techie) • Darnell Camanzo (Techie)

  3. Project • Which car costs less over the period of 5 years ? • 2006 Honda Civic Hybrid Sedan • 2006 Honda S2000 Roadster

  4. Approach We will apply the Present Worth Analysis to determine which car is cheaper today by comparing the following: • Price of the vehicles • Insurance Cost • Maintenance Cost • Fuel Economy • Salvage Value

  5. The base price Estimated Monthly Payments at 7% APR for 5 years and 20% Down Payment Hybrid vs. S2000 $22,400 $34,600 $354.04 $548.10 Prices of the vehicles

  6. Insurance Assuming a clear driver’s record we obtained these insurance quotes: • $1172/ year for the Hybrid • $1720/ year for the S2000

  7. Hybrid The maintenance cost for the first 10,000 miles is $104.53 S2000 The maintenance cost for the first 3,725 miles is $41.20 Maintenance

  8. City Highway Fuel Capacity Fuel Fuel Price as of this date 11/24/2005 Hybrid vs. S2000 49 mpg 20 mpg 51 mpg 25 mpg 12.3 gal 13.2 gal Regular Premium $2.33/gal $2.53/gal Fuel Economy

  9. Salvage Value The average resale or salvage value of Honda cars after 5 years is about 70% of the original price. Therefore • Hybrid will resell for about $15,680 • S2000 will resell for about $24,220

  10. Conclusion • The Hybrid is $12,000 less than the S2000 • The Hybrid yielded lesser cost requirement than the S2000 • The Hybrid gets more mpg than S2000 • The Present Worth of the S2000 is $37,724.46 • The Present Worth of the Hybrid is $30,492.98

  11. Resources used Internet www.21century.com www.edmonds.com www.honda.com

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