Vehicle and Estimating Bases

Vehicle and Estimating Bases


Vehicles and All vehicles are 1991 models with
Equipment gasoline engines, automatic transmission, power
disc brakes, airconditioning, tinted glass, FM
stereo, speed control, rear window defogger,
tilt steering wheel.

Additional equipment: Subcompact automobiles (6
nameplates) - power steering
Compact automobiles (4 nameplates) - power
steering
Intermediate automobiles (6 nameplates) -
power steering
Full-size automobiles (3 nameplates) - power
steering, cassette deck, pulse windshield
wipers, power windows, power door locks, left
remote mirror, and white sidewalls
Compact pickups (3 nameplates) - none
Full-size pickups (2 nameplates) - power
steering, overdrive, cassette deck, pulse
windshield wipers, power door locks, left
remote mirror, and white sidewalls
Minivans (3 nameplates) - power steering and
overdrive
Full-size vans (2 nameplates) - same as
full-size pickups plus power windows



Finance Charges are based on an interest rate of 10.5
percent, a 4-year loan term and a 25 percent
down payment.


Repairs and Scheduled - as specified in owner's manuals.
Maintenance Assumed to be performed by professional
mechanics. Unscheduled - derived as a ratio of
unscheduled to scheduled maintenance using data
from the 1989 Consumer Expenditure Survey.
Excludes cost of repairs performed under normal
or extended warranty, repairs performed by
dealers when traded, and repairs of collision
damage.


Replacement Twelve new radial tires purchased during the
Tires life of the vehicle.


Fuel Price: $1.196 per gallon of gasoline,
including taxes.

Average gasoline mileage:

Subcompacts: 26.23 mpg
Compacts: 22.86
Intermediates: 19.87
Full-size cars: 17.99
Compact pickups: 21.69 mpg
Full-size pickups: 14.48
Minivans: 17.54
Full-size vans: 11.23


Oil One oil change every 7,500 miles. One extra
quart of oil assumed between changes.

Average capacity: 4.7 quarts for subcompacts
cars and compact pickups; 5.5 quarts for
full-size pickups and full-size vans; 5.0
quarts for all other vehicles.


Insurance Full-size van: $300,000 single limit
liability, $2,500 personal injury protection,
$50,000 uninsured motorist, $100 deductible
comprehensive, and $250 deductible collision
coverage for the first 5 years of the life of
the vehicle.

All other vehicles: $20,000/$40,000 bodily
injury, $10,000 property damage, $2,500
personal injury protection, $20,000/$40,000/
$10,000 uninsured motorist, $100 deductible
comprehensive, and $250 deductible collision
coverage for the first 5 years of the life of
the vehicle. Coverage is the minimum required
by law in the State of Maryland and according
to State officials is the most common coverage
purchased.


Parking Includes average of 1.19 cents per mile for
and Tolls parking and 0.09 cents for tolls ($138 per
year for a vehicle driven 10,700 miles per
year).


Taxes Includes taxes at 1991 rates: Federal excise
and Fees tax on gasoline (14.1 cents per gallon)
effective December 1, 1990; Maryland tax on
gasoline (18.5 cents per gallon) effective
June 1, 1987; Maryland excise titling tax (5
percent on retail value of vehicle); Maryland
sales tax (5 percent on other retail items);
Maryland title fee ($12) if vehicle is
financed, registration fee ($27-$40.50,
depending on weight), and emissions inspection
fee ($8.50 in alternate years).