REPAIRS

Repair costs are estimated using the average price businesses will pay to keep their vehicle in operating condition (not including the cost for expected maintenance). To calculate this, we start by using the cost of a $0 deductible extended service contract that will pay for repairs during the vehicle's lifecycle. Figures used are averages from major providers of automotive extended warranty contracts, and are adjusted to eliminate the profit margin from the calculation. This cost is applied after taking into account manufacturer warranties, with adjustments for both lifecycle periods of 2, 3, 4 or 5 years and total lifecycle mileage or 20,000, 25,000 and 30,000 miles per year.

 

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