Automotive

CAA Cost of ownership tool: accurate?

  • Last Updated:
  • Aug 22nd, 2021 10:36 pm
[OP]
Jr. Member
Nov 28, 2007
106 posts
9 upvotes
London

CAA Cost of ownership tool: accurate?

Comparing a 2021 Toyota Corolla LE to a 2021 Corolla Hybrid (base), it says the 5 year cost is almost the same (10,000 km/year):


Estimated Total Annual Driving Costs for:2021 Toyota Corolla LE 4D Sedan$5,869.05/Year*
Total Cost per Kilometre $0.59
Average Fuel Economy (L/100km) 6.91
Fuel Cost per Year (Gas) $924.65
*Cost is representative of owning or leasing a vehicle for 5 years.

Estimated Total Annual Driving Costs for:2021 Toyota Corolla Hybrid Base 4D Sedan$5,915.44/Year*
Total Cost per Kilometre $0.59
Average Fuel Economy (L/100km) 4.46
Fuel Cost per Year (Gas) $596.14
*Cost is representative of owning or leasing a vehicle for 5 years.


Does this seem accurate? The hybrid costs $3390 more upfront (assuming paying MSRP on both models).
11 replies
Banned
Jun 4, 2020
1634 posts
1731 upvotes
Clarington, ON
It doesn't seem out of line. This is contentious on here though. Be prepared.
Deal Addict
Sep 22, 2009
3234 posts
2083 upvotes
Markham
Get ready....
Deal Fanatic
Oct 6, 2007
9981 posts
7931 upvotes
Kootenays
So 5 years is the break even point monetarily (but you have spewed less CO2 in those 5 years) and you save money each and every year afterwards. What price per litre for fuel did they use? At today's price ($1.42 here) it might break even sooner.
[OP]
Jr. Member
Nov 28, 2007
106 posts
9 upvotes
London
smacd wrote: What price per litre for fuel did they use? At today's price ($1.42 here) it might break even sooner.
$1.338 / L

It does assume leasing, while I would be buying outright.

But the perk of a more durable eCVT compared to a belt-driven CVT seems to make the price difference seem reasonable...
Deal Fanatic
Oct 6, 2007
9981 posts
7931 upvotes
Kootenays
eatongirl wrote: $1.338 / L

It does assume leasing, while I would be buying outright.

But the perk of a more durable eCVT compared to a belt-driven CVT seems to make the price difference seem reasonable...
If you bought it outright, the resale value should be higher for the hybrid.
Deal Addict
Oct 21, 2006
1052 posts
825 upvotes
On 10,000km a year, CAA's calculations are probably right. Now for someone doing 50,000km a year.... the hybrid would make more sense.
[OP]
Jr. Member
Nov 28, 2007
106 posts
9 upvotes
London
Jigsaw wrote: On 10,000km a year, CAA's calculations are probably right. Now for someone doing 50,000km a year.... the hybrid would make more sense.
Agreed. I'm also unlikely to use the car daily, or even make a trip longer than 30 minutes on a weekly basis. Apparently that's not great for the hybrid battery.
Member
User avatar
Feb 1, 2019
308 posts
120 upvotes
Alberta
eatongirl wrote: Comparing a 2021 Toyota Corolla LE to a 2021 Corolla Hybrid (base), it says the 5 year cost is almost the same (10,000 km/year):


Estimated Total Annual Driving Costs for:2021 Toyota Corolla LE 4D Sedan$5,869.05/Year*
Total Cost per Kilometre $0.59
Average Fuel Economy (L/100km) 6.91
Fuel Cost per Year (Gas) $924.65
*Cost is representative of owning or leasing a vehicle for 5 years.

Estimated Total Annual Driving Costs for:2021 Toyota Corolla Hybrid Base 4D Sedan$5,915.44/Year*
Total Cost per Kilometre $0.59
Average Fuel Economy (L/100km) 4.46
Fuel Cost per Year (Gas) $596.14
*Cost is representative of owning or leasing a vehicle for 5 years.


Does this seem accurate? The hybrid costs $3390 more upfront (assuming paying MSRP on both models).
You can check it out on "Auto Trader" https://www.autotrader.ca/research/toyota/corolla/2021

When I bought my car I didn't bothered looking (cost/km - fuel economy - fuel cost) gas prices fluctuates, I researched car's previous years mechanical problems and reviews on the car, what comes with the standard pricing for interior/exterior. If you're buying from dealership, remember to negotiate...if they don't knock down price, get something free with it!!!

Eg. rust protection spray, fluid film protection, diamond coating/windshield crack prevention spray, etc My friend bought brand new CRV, his 1st out of town trip on highway windshield crack and cost him $700 for new replacement

Face With Stuck-out Tongue And Tightly-closed Eyes Avoid buying or leasing from Downtown Auto Group Toyota Dealerships >> **RFD Hyundai bad experience**
Deal Addict
Jan 17, 2009
4113 posts
4316 upvotes
Toronto, Ontario
Wow I made it to a thread that discusses mileage before the "buy a Tesla" crowd showed up.

Anyhow... Seems about right depends how much mileage you think you'll be doing. If you're driving a lot not having to stop to fill up with gas as often is a time saver so keep in mind that's also a factor.
Banned
Jun 4, 2020
1634 posts
1731 upvotes
Clarington, ON
Ecsta wrote: Wow I made it to a thread that discusses mileage before the "buy a Tesla" crowd showed up.

Anyhow... Seems about right depends how much mileage you think you'll be doing. If you're driving a lot not having to stop to fill up with gas as often is a time saver so keep in mind that's also a factor.
Buy a tesla. I've fulfilled your needs.
Member
Jun 20, 2015
236 posts
136 upvotes
eatongirl wrote: Comparing a 2021 Toyota Corolla LE to a 2021 Corolla Hybrid (base), it says the 5 year cost is almost the same (10,000 km/year):


Estimated Total Annual Driving Costs for:2021 Toyota Corolla LE 4D Sedan$5,869.05/Year*
Total Cost per Kilometre $0.59
Average Fuel Economy (L/100km) 6.91
Fuel Cost per Year (Gas) $924.65
*Cost is representative of owning or leasing a vehicle for 5 years.

Does this seem accurate?
It appears that $5,869/yr is the annual "maintenance costs" for a corolla. The amount does not include the car depreciation and the finance charges to own the car.

AVERAGE COST OF OWNING A VEHICLE - $10,452
https://stephenleahy.files.wordpress.co ... ership.png

Top