2002 Lincoln LS Luxury SedanPremium 4dr Sedan (3.9L 8cyl 5A)
TRUE COST TO OWN from Edmundshttp://
www.edmunds.com/new/200...intro
Year 1 Year 2 Year 3 Year 4 Year 5............................ 5-yr Total Depreciation $11,614 $3,810 $3,354 $2,974 $2,668 ......$24,420 Financing $2,440 $1,973 $1,468 $923 $336................... $7,140 Insurance $1,245 $1,264 $1,283 $1,302 $1,322............ $6,416 Taxes & Fees $2,695 $336 $290 $250 $215................... $3,786 Fuel $1,094 $1,127 $1,161 $1,196 $1,232......................$5,810 Maintenance $0 $0 $505 $1,165 $1,747......................... $3,417 Repairs $0 $0 $0 $189 $454 ............................................$643 Yearly Totals $19,088 $8,510 $8,061 $7,999 $7,974..... $51,632
Approximate Cost per Mile: $0.69(based on 15,000 miles per year).
The 28% 1st year depreciation is always the problem in a new car as is the 53-55% 3 year.I would guess the financing calcs are high with all the deals available?Pretty hard to spend $6,000 per year on repairs and maintenance on a 91Q every year for 5 years.Why not buy a used 98 Lexus LS400 for less than $30,000.........the depreciation will be $9-10,000 LESS over 5 years.