CT Acura Dealers tell us that five Honda models have won in their respective categories in the 2011 “Lowest True Cost to Own” awards. The awards are given by automotive research website Edmunds.com and estimate the cost of ownership over a five year period.
Among the winners were the Honda Accord Sedan, Accord Coupe, Civic, Ridgeline, and Pilot. Acura Washington DC pointed out that Honda’s luxury arm, Acura, also made it onto the list of winners with the Acura MDX crossover.
“One of the key factors that pushed many of this year’s award winners over the top was their free maintenance plans, which can save car owners hundreds or even thousands of dollars over a five-year period,” said Danny Zhou, senior director of data products and operations at Edmunds.com. “The 2011 Volkswagen CC, for example, edged past its closest competitors in the Sedan $30K-$40K category in large part because it offers free maintenance for three years or 36,000 miles.”
Edmunds’ True Cost to Own data is based on a number of key factors including depreciation, interest on financing, taxes and fees, insurance premiums, fuel, maintenance, repairs and any federal tax credit that may be available. After taking these variables into consideration, Honda vehicles excelled in providing value over five-years.
For more information on Acura models, visityour local Acura dealer.
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