Unveiling the True Cost

Table of Contents

1. Introduction
2. Mazda CX-9: True Cost of Ownership
3. Depreciation Costs
4. Buying New vs. Used
5. Best Model Years to Buy
6. Insurance Costs
7. Maintenance and Repair Costs
8. Financing Costs
9. Fuel Economy Costs
10. Manual Transmission Availability
11. Top 5 Most Expensive Car Parts and Problems to Repair
12. When to Sell a Damaged Vehicle
13. Longest Lasting Cars
14. Conclusion

Mazda CX-9: True Cost of Ownership

When considering purchasing a new vehicle, it's essential to look beyond the initial price tag and consider the long-term costs of ownership. In this article, we will explore the true cost of ownership for the popular Mazda CX-9. We will dive into various aspects such as depreciation costs, buying new versus used, insurance costs, maintenance and repair costs, financing costs, fuel economy costs, and more. By understanding the full spectrum of expenses associated with owning a Mazda CX-9, You can make an informed decision and determine if this vehicle aligns with your budget and needs.

Depreciation Costs

Depreciation is a significant aspect to consider when calculating the true cost of ownership. Over time, vehicles lose value due to various factors such as wear and tear, market demand, and new model releases. According to our analysis, the Mazda CX-9 experiences an average depreciation of 45% after five years of ownership. This means that the vehicle's resale value after five years would be just over twenty-four thousand dollars.

To provide a comprehensive overview, we have created a Chart displaying the expected depreciation of the Mazda CX-9 over ten years of ownership. These results are Based on vehicles in good condition, averaging 12,000 miles per year, assuming a selling price of $43,124 when brand new.

Chart: Expected Depreciation of Mazda CX-9 Over 10 Years of Ownership

Buying New vs. Used

One of the crucial decisions to make when purchasing a Mazda CX-9 is whether to buy it new or used. Buying a used vehicle can potentially save you a significant sum of money. For example, if you purchase a two-year-old CX-9 instead of a brand new one, you could save thirteen thousand seven hundred dollars. This allows you to still have a relatively new model with useful life remaining while enjoying substantial cost savings.

To further illustrate this point, let's consider the total cost of depreciation if you plan on keeping your Mazda CX-9 for three years. In this Scenario, your total cost of depreciation would be just over five grand.

Best Model Years to Buy

If you are looking for the best value in terms of model years for the Mazda CX-9, the 2019 model year currently stands out. With the 2019 model year, you would only pay, on average, 68% of the price as new, while still enjoying 83% of the vehicle's useful life remaining.

Additionally, the 2020 and 2015 model years also offer relatively good value. The value of a model year is determined based on factors such as the price when new, Current price, maintenance costs, and remaining years of overall predicted expenses.

Insurance Costs

Insurance is another essential cost to consider when owning a vehicle. For a Mazda CX-9, the average cost of insurance is approximately $1,470 per year. This adds up to just over $7,300 after five years of ownership. Keep in mind that these estimates are based on national averages for a 40-year-old with a full coverage policy, good driving Record, and good credit. Your actual insurance costs may vary depending on your demographics.

Maintenance and Repair Costs

Maintenance and repair costs are inevitable expenses when owning a vehicle. For a Mazda CX-9, these costs average around two thousand dollars after five years. They include scheduled maintenance, normal wear and tear, and expected repairs (excluding any covered by warranty). It is essential to factor in these costs to get a complete understanding of the true cost of ownership.

Financing Costs

If you plan on financing a Mazda CX-9, you need to consider financing costs. Over five years, assuming a 72-month loan with an APR of 4.75% and a 20% down payment, financing costs would amount to approximately five thousand dollars. These costs will vary based on your specific loan terms, down payment amount, and interest rate.

Fuel Economy Costs

Fuel economy costs are another significant aspect to consider when calculating the true cost of ownership. On average, the Mazda CX-9 achieves 24 miles per gallon. Over five years of ownership, this would cost you around $7,500 in fuel expenses. These estimates are based on recently collected national averages for fuel prices, assuming a driving pattern of 55% city and 45% highway and an annual mileage of 12,000 miles.

Manual Transmission Availability

In recent years, the availability of vehicles with manual transmissions has significantly decreased. For the year 2022, there are only a limited number of vehicles that offer a manual transmission option in the American market. The list includes various trucks, cars, and crossovers such as the BMW M3 and M4, Cadillac CT4 and CT5 Blackwing, Chevrolet Camaro and Spark, Ford Mustang and Bronco, Honda Civic SI and hatchback, Hyundai Veloster N and Elantra N, Jeep Gladiator and Wrangler, Kia Forte GT, Mini Cooper Hardtop and Convertible, Mitsubishi Mirage and Mirage G4, Nissan Z and Versa, Porsche 718 and 911, Subaru BRZ, Crosstrek, Impreza, and WRX, Toyota Corolla and Corolla Hatchback, and the Toyota Tacoma. It is essential to consider the availability of manual transmissions if it aligns with your preferences and driving style.

Top 5 Most Expensive Car Parts and Problems to Repair

When owning a vehicle, it is crucial to be aware of the most expensive car parts and problems that may require repair. The following five components often come with substantial costs:

1. Suspension Problems: Suspension repairs can average around $1,500 or more. Broken suspension can not only compromise your safety but also potentially damage other parts of your vehicle.

2. Airbag Replacement: The cost of airbag replacement can be significant, with an average cost of around $1,000 per airbag. If multiple airbags need replacing, this expense can quickly escalate.

3. Transmission Failure: Transmission repairs generally cost around $1,000, but in some cases, full transmission replacement can cost between $1,500 and $6,000.

4. Dead Hybrid Battery: Hybrid vehicles require special batteries to operate efficiently. If a hybrid battery fails, the cost of replacement can exceed $6,000.

5. Engine Failure: Engine failure is the most critical and expensive problem a car can face. A new engine can cost between $4,000 and $8,000 on average. In some cases, the cost of engine repair or replacement may be so high that it may be more economical to consider selling the vehicle.

When to Sell a Damaged Vehicle

If your vehicle experiences significant damage or requires expensive repairs, you may wonder when it is the right time to sell. A general rule of thumb is to consider selling if the cost of repairs accounts for 50% or more of your car's value. However, other factors, such as the time required for repairs, the duration you can go without a vehicle, and potential rental costs, should also be taken into account. Selling a damaged vehicle may be the best decision to avoid further financial burdens and to move on to a more reliable and cost-effective transportation option.

Longest Lasting Cars

Investing in a long-lasting vehicle can provide peace of mind and potential cost savings. According to a study conducted by ICcars.com, certain vehicles have proven to reach the 200,000-mile mark with reliability and longevity. The key findings of their analysis include:

• Truck-based SUVs dominate the list of longest-lasting vehicles.
• Toyota vehicles, such as the Land Cruiser and Sequoia, demonstrate exceptional longevity.
• The Toyota 4Runner is another reliable vehicle known for its durability.
• The study also includes rankings for longest-lasting pickup trucks and further analysis by brand.

If you are interested in owning a vehicle that can stand the test of time, you may want to explore the vehicles Mentioned in this study. It's worth noting that proper maintenance and care significantly contribute to a vehicle's longevity.

Conclusion

The true cost of ownership for the Mazda CX-9 encompasses various factors, including depreciation costs, insurance costs, maintenance and repair costs, financing costs, and fuel economy costs. By considering these factors, you can make an informed decision about whether the Mazda CX-9 aligns with your budget and long-term needs. Additionally, it is crucial to be aware of the availability of manual transmissions and the potential expenses associated with common car repairs. Lastly, if your vehicle experiences significant damage or costly repairs, it may be wise to consider selling and exploring more cost-effective transportation options. Remember to prioritize regular maintenance and care to extend the lifespan of your vehicle.