2008 Honda Element Costs
Determining how much a 2008 Honda Element
costs over the lifetime of ownership can make you
think twice about purchasing it, which is why you should research and evaluate
the total cost of ownership prior to buying it. The 2008 Honda
Element has an MSRP of
$21,180.00, which may or may not be more expensive then similar
vehicles and when you factor in the fuel economy of 24 mpg
, the total cost of ownership of one vehicle over another may become
apparent. Do not purchase a new 2008 Honda Element
and then be shocked at how much it costs to
insure, register, repair and maintain it. Find out the total cost of ownership
first, at NewCar.com, so you know exactly what the costs will be.
 |
| MSRP Range: | N/A| Show Me Dealer Pricing |
| Fuel Economy: | 18 MPG city / 23 MPG highway |
| Transmissions: | 5 Speed Automatic |
| Drivetrains: | Four Wheel Drive, Two Wheel Drive |
|
| Ownership Costs: Year 1 |
| Depreciation | Financing | Insurance | State Fees | Fuel | Maintenance | Repairs | Total |
| $2,973 | $1,069 | $1,225 | $94 | $1,850 | $62 | N/A | $7,274 |
|
| Ownership Costs: Year 2 |
| $1,672 | $858 | $1,225 | $65 | $2,032 | $93 | N/A | $5,945 |
|
| Ownership Costs: Year 3 |
| $1,361 | $637 | $1,225 | $64 | $2,230 | $212 | $72 | $5,802 |
|
| Ownership Costs: Year 4 |
| $1,696 | $396 | $1,225 | $60 | $2,449 | $624 | $156 | $6,606 |
|
| Ownership Costs: Year 5 |
| $1,619 | $145 | $1,225 | $60 | $2,689 | $212 | $316 | $6,265 |
|
| 5 YEAR TOTALS |
| Depreciation | Financing | Insurance | State Fees | Fuel | Maintenance | Repairs | Total |
| $9,321 | $3,105 | $6,125 | $344 | $11,250 | $1,204 | $544 | $31,893 |
| Hybrid Tax Credit | N/A |
| 5-Year Cost of Similar Vehicles | $34,425 |
| Difference | $2,533 |
| Value Rating | Excellent |
|