TCO, is this showing fair numbers?

[Junkie49]

V8 4.6
Edmund shows 7-8k first year depreciation which is reasonable but numbers yahoo auto coming with is quite insane.(unless you don't want to bother to check the link it is 14k on the first year)
Is yahoo pulling their numbers out of their ___?
Also I pay $600-$700 year on comprehensive/collision car insurance. I find $1500 a year on insurance figure quite hard to comprehend.
http://www.edmunds.com/hyundai/genesis/2012/tco.html?style=101387209

http://autos.yahoo.com/hyundai/genesis/2012/4-6l/cost.html


R-spec is crazier

http://autos.yahoo.com/hyundai/genesis/2012/5-0l-r-spec/cost.html

 

[Mark_888]

I don't know about depreciation, but regarding insurance, you cannot compare one owner's insurance with another owner. There are too many variables, such as age, sex, marital status, driving record, zip code, etc, etc. That number may be an average. There was an insurance cost thread on this forum at least a year ago, and some people do pay about $1500 per year, although mine is closer to yours (actually lower for my V6).

If you want to know what your car is worth, take it to a CarMax and get a quote. This will be the wholesale price, which is usually a little better than you can get on a dealer trade-in when buying a new car (partially because you get a sales tax break on your new car when you trade in your old car, and the dealer knows this).

 

[homeofstone]

The figures can only be approx. Finance percent rate will differ as will insurance. Also the type of driving and where you live will change the cost. And they are those of us that do not finance. I drive a lot of highway miles in the south which can equal lower maintence cost, ie more miles out of tires and brakes, also higher average MPG. The numbers are a starting point but each buyer should run their own numbers for his/her budget.