[align=center]What is the true cost for you to drive your[/align][align=center]Monte Carlo one mile ?[/align][align=center][/align][align=center][/align][align=center](Member's, you can use the below link to[/align][align=center]see what your cost per mile is on 2002 + models)[/align][align=center][/align][align=center]I'm doing research for a business class on the [/align][align=center]total cost for fleet vehicles over 5 years.[/align][align=center]It breaks down to39 cents cost per mile : ([/align][align=center]on a four door, base model Malibu.[/align][align=center][/align][align=center]I used Edmunds, and other sites for research.[/align][align=center]Revealing the Hidden Costs of Car Ownership
By P Reed, Senior Consumer Advice Editor

[/align][align=center]You've narrowed your choices to two new cars, but you can't seem to decide which one is really the better deal.

The purchase price of each car is nearly the same. The features are similar, and you like the way they both look. Still, a nagging feeling tells you that there must be a meaningful difference between them, even if it's not readily apparent during the purchase process.

Your intuition is right on the money. And now there is a new tool that reveals the hidden costs — all of the costs — associated with buying, owning and operating a car over a five-year period. It's called "True Cost to OwnSM" (TCO for short)[b], and it is a new consumer product provided by Edmunds.com.

To show you how it works, let's look at two midsize family sedans. The purchase price of one is $21,500 and the other is $22,400. You like each one equally, so your inclination is to say, "I'll just buy the cheaper one." After all, that would save you almost $1,000.

However, the purchase price is only the tip of the iceberg. What you may find by reviewing Edmunds' TCO figures is that, over five years, the cheaper car to buy is actually more expensive to own. Over five years, it will cost $33,438 to drive the car with the lower initial price. The more expensive car to buy will cost $30,140 to drive over five years. The car with the lower purchase price costs 45 cents per mile to drive while the more expensive car costs 40 cents per mile to drive (assuming you drive 15,000 miles a year).
[:-]
At this point you are probably wondering how Edmunds comes up with these figures. There are seven categories of TCO costs: depreciation, financing, insurance, taxes and fees, fuel, maintenance and repairs. The costs are researched and placed into a series of proprietary algorithms developed by Edmunds' statisticians. The result is an estimated total ownership cost for a five-year period. This information is presented on a single page on Edmunds.com for each vehicle (beginning with 2002 models). The information is standardized, so expenses for different cars can be accurately compared.
[:-]
[color=#cc0000]TCO reveals a complete picture of car ownership-related expenses, designed to help consumers make the right choice wh

 

[align=center][/align][align=center]Below is on a used 2006 Monte Carlo SS[/align][align=center]Average Cost Per Mile is $0.54 cents[/align][align=center][:-][/align][align=center][/align][align=center][:-]
True Cost to Own*
$40,540view details

Total Cash Price
$18,136view details

Average Cost per Mile*
$0.54compare similar vehicles

True Cost to Own Ratings**

operating cost

$$$
depreciation cost

$$$

*
This is a 5-year estimate (based on 15,000 miles per year).

**
Ratings are determined for a specific vehicle category


Based on regional costs for Zip Code:32978
True Cost to Own

[:-]

Year 1

Year 2

Year 3

Year 4

Year 5

5-yr Total

Depreciationone to five years
$2,217
$1,945
$1,712
$1,517
$1,361
$8,752

Financing1-to 5 yrs
$1,069
$862
$640
$401
$146
$3,118

Insuranceone to five years
$1,852
$1,917
$1,984
$2,053
$2,125
$9,931

Taxes & Feesone to five years
$1,304
$36
$36
$36
$36
$1,448

Fuelone to five yrs
$2,026
$2,087
$2,150
$2,215
$2,281
$10,759

[URL=http://www.edmunds.com/used/20

 

True Cost to Own*
$30,462view details

Total Cash Price
$9,675view details

Average Cost per Mile*
$0.41compare similar vehicles


Dat is for my 2003 Monte Carlo.... it's probably more than that considering insurance and the simple fact I've had it a year nd only driven it 8000 miles

 

Heres something that makes me happy... according to NADA, a year and 2 days after I bought my car, I still payed less than it is worth . Clean trade in value is what I payed... I payed $3k under retail for it a year ago.. now about $2200 below














PRICING
[/align]







Clean Trade-In
Clean Retail Value

Base Price
$9,175
$11,200

Mileage - 87,500 miles
-$675
-$675

Options




Aluminum/Alloy Wheels (Std. SS)
$150
$175

Leather Seats
$300
$350

Power Seat
$150
$175

Power Sunroof
$400
$450

TOTAL PRICE
$9,500
$11,675*

* This Retail price is based on a clean vehicle history report. Don't make a $11,675 mistake. Get a Free VIN Check today.[/align]

 

[align=center][/align][align=center]Hi Duane,[/align][align=center]I think it should be a little less for you with only driving[/align][align=center]8K a year, plus you are doing your own maintenance.[/align][align=center][/align][align=center]I know there are many variables to the calculation,[/align][align=center]but it is a estimate cost to consider.[/align][align=center][/align][align=center]I know later this year that you will be commuting to [/align][align=center]college, and with the price of predicted fuel cost, it's[/align][align=center]going to be expensive.[/align][align=center][/align][align=center]I know my campus is 25 miles away, making it [/align][align=center]a 50 trip a day. 50 milesx's $.40 cents a mile= $20.00 : ([/align][align=center]$100 a week True Cost to drive estimate.[/align][align=center](Thus, online classes)[/align][align=center]Make me wanta `cry...[X(][/align][align=center][/align][align=center]I want a Big Powerful Gas Eat'in Hot Rod Chevy : )[/align][align=center]I want to go back to the1960's : )[/align][align=center]or build a new `skateboard[/align][align=center][/align][align=center][/align][align=center]Good Luck `Duane,[/align][align=center]thanks for your post, & contributions.[/align][align=center]`Space[/align]

 

According to NADA I paid almost 25-Hundred less than what the car was worth for a trade-in or retail.

Still. based on their calculations it's costing me $00.37 a mile to be a Monte Guy.

Seems worth it to me! Thirty-seven cents a mile; that is!

 

I like NADA's pricing , I paid over 14K less than their price (I really can't see it still being that high, but I won't argue), but I still don't want to think about "true" cost, it might be painful even though my insurance is much less than what's listed above.
[/align]2-Door Coupe
2002 Chevrolet Monte Carlo2 Door Super Sport (**)
Note: (*) 35TH ANNIVERSARY EDITION; (**) DALE EARNHARDT SIGNATURE EDITION [/align][/align][/align]
[/align]
[/align]
[/align]
Select Mileage and Options[/align]
[/align][/align]
PRICING
[/align]
Low Retail
Average Retail Value
High Retail

Base Price
N/A
N/A
$23,000

TOTAL PRICE
N/A
N/A
$23,000[/align]

 

[align=center]I've found the below prices more realistic then[/align][align=center]NADA.[/align][align=center]Many Dealers in Florida base your trade on[/align][align=center]what they are selling for at the auctions,[/align][align=center]which is way lower then Kelley Blue Book.[/align][align=center]I will never trade a car to a dealer....4-Sure![/align][align=center]I will sell it myself, or trade with someone first.[/align][align=center]Check out what your Monte is worth on below site.[/align][align=center]EnJoy your `Monte Carlo.[/align][align=center]I pray that we have `gas in our future to enjoy our rides.[/align][align=center][/align][align=center]click on below link[/align][align=center][:-][/align][align=center]http://www.kbb.com/[/align]

 

That sounds more like it, but I still paid 1K under that

 

Not to shabby. Summary








True Cost to Own*
$29,766view details

Total Cash Price
$10,102view details

Average Cost per Mile*
$0.40compare similar vehicles

True Cost to Own Ratings**




operating cost



lo
$









hi
$$$
depreciation cost



lo
$









hi
$$$





*
This is a 5-year estimate (based on 15,000 miles per year).

**
Ratings are determined for a specific vehicle category


Based on regional costs for Zip Code:
True Cost to Own











Year 1

Year 2

Year 3

Year 4

Year 5

5-yr Total

Depreciation
$1,289
$1,130
$995
$882
$792
$5,088

Financing
$658
$532
$396
$249
$91
$1,926

Insurance
$1,275
$1,320
$1,366
$1,414
$1,463
$6,838

Taxes & Fees
$645
$45
$41
$37
$37
$805

Fuel
$1,730
$1,782
$1,835
$1,890
$1,947
$9,184

Maintenance
$748
$1,062
$525
$507
$767
$3,609

Repairs
$278
$