economic comparison between the honda civic ex and the civic hybrid cvt
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ECONOMIC COMPARISON BETWEEN THE HONDA CIVIC EX AND THE CIVIC HYBRID CVT. Team 3 Members: Abdulaziz Bawany Brett Jolley Erick Ornelas Ryan Thomas Timothy Njuguna. Honda Civics. Can you see the difference?. AGENDA. Assumptions Honda Civic EX Specifications

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economic comparison between the honda civic ex and the civic hybrid cvt

ECONOMIC COMPARISON BETWEEN THE HONDA CIVIC EX AND THE CIVIC HYBRID CVT

Team 3 Members:

Abdulaziz Bawany

Brett Jolley

Erick Ornelas

Ryan Thomas

Timothy Njuguna

honda civics
Honda Civics

Can you see the difference?

agenda
AGENDA
  • Assumptions
  • Honda Civic EX Specifications
  • Honda Civic Hybrid CVT Specifications
  • Special Hybrid Aspects to Consider
  • Sensitivity Analysis’
  • Conclusion
  • Resources
assumptions

ASSUMPTIONS

25yr Old engineering student

50k per year

Work in L.A. and lives near L.A.

Qualifies for best APR

Consider Buying a New Honda

Limit study to 5years

honda 2004 civic ex

HONDA 2004 CIVIC EX

1.7L VTECH ENGINE

EPA mpg city 26/ highway 38

Average tested mpg 29

Regular unleaded gasoline @ $2.00/gal

Warranty 3yr/36,000miles

MSRP $18,500

APR 3%

the 2004 honda civic hybrid cvt

THE 2004 HONDA CIVIC HYBRID CVT

Ultra-Fuel efficient gasoline-electric engine

EPA mpg 46 city/51 highway

Regular unleaded gasoline @ $2.00/gal

Average test mpg 42.3

3-year/ 36000-mile limited warranty

8year/96000mile for Battery

MSRP $21,360

special aspects to consider

SPECIAL ASPECTS TO CONSIDER

One time $1500 Tax incentive for Hybrid

Less annual insurance premiums for hybrid

Free parking for hybrid in some cities

The Gas mileage for the Hybrid car varies widely depending on driving conditions.

sensitivity analysis change in gas price
Sensitivity Analysis* Change in Gas Price *
  • Total Vehicle initial costs:

Civic = $18,500 Hybrid = $21,360

  • Salvage Value:

Civic = $11,100 Hybrid = $12,816

  • Average Life of Vehicle:

Civic = 250k miles Hybrid = 180k miles

  • Average Miles/Year:

Civic = 12,000 Hybrid = 12,000

  • Miles Per Gallon (MPG):

Civic = 29 mpg Hybrid = 38 mpg

  • Gas Price / Gallon: $.$$
  • Maintenance + Insurance + Parking Costs:

Civic = $2,370 Hybrid = $2,165

variation of annual cost with change in gasoline cost
Variation of Annual Cost with Change in Gasoline Cost

After $1.52, the Hybrid becomes LESS expensive

at a cost of $5349/year

sensitivity analysis change in gas price and miles year w salvage value change
Sensitivity Analysis* Change in Gas Price and Miles/Year *(w/Salvage Value % Change)
  • Total Vehicle initial costs:

Civic = $18,500 Hybrid = $21,360

  • Salvage Value:

Civic = $11,100 Hybrid = $10,680

  • Average Life of Vehicle:

Civic = 250k miles Hybrid = 180k miles

  • Average Miles/Year: 12k and 15k miles/year
  • Miles Per Gallon (MPG):

Civic = 29 mpg Hybrid = 38 mpg

  • Gas Price / Gallon: $.$$
  • Maintenance + Insurance + Parking Costs:

Civic = $2,370 Hybrid = $2,165

variation of annual cost with gasoline cost and adjustment to hybrid salvage value
Variation of Annual Cost with Gasoline Cost and Adjustment to Hybrid Salvage Value

After $5.26, the Hybrid

becomes LESS expensive

at a cost of $7135.22/year

After $4.50, the Hybrid

becomes LESS expensive

at a cost of $7000/year

sensitivity analysis alternate gas price and miles year
Sensitivity Analysis* Alternate Gas Price and Miles/Year *
  • Total Vehicle initial costs:

Civic = $18,500 Hybrid = $21,360

  • Salvage Value:

Civic = $11,100 Hybrid = $12,816

  • Average Life of Vehicle:

Civic = 250k miles Hybrid = 180k miles

  • Average Miles/Year: #k miles/year
  • Miles Per Gallon (MPG):

Civic = 29 mpg Hybrid = 38 mpg

  • Gas Price / Gallon: $1.50 and $2.00
  • Maintenance + Insurance + Parking Costs:

Civic = $2,370 Hybrid = $2,165

variation of annual cost with annual mileage
Variation of Annual cost with Annual mileage

After 13,000 miles/year, the Hybrid becomes LESS expensive

at a cost of $5395/year

After 10,004 miles/year, the Hybrid becomes LESS expensive

at a cost of $5410/year

sensitivity analysis gas price of 2 00 with different parking costs
Sensitivity Analysis* Gas Price of $2.00 with Different Parking Costs*
  • Total Vehicle initial costs:

Civic = $18,500 Hybrid = $21,360

  • Salvage Value:

Civic = $11,100 Hybrid = $11,748

  • Average Life of Vehicle:

Civic = 180k miles Hybrid = 180k miles

  • Average Miles/Year:

Civic = 14,000 Hybrid = 14,000

  • Miles Per Gallon (MPG):

Civic = 29 mpgHybrid = # mpg

  • Gas Price / Gallon: $.$$
  • Maintenance + Insurance +Parking Costs:
sensitivity analysis annual cost of the civic with variation in annual parking fees
Sensitivity Analysis* Annual Cost of the Civic with Variation in Annual Parking Fees *

At a worst case 36 MPG, a parking cost of $175, the Hybrid becomes LESS expensive

at a cost of $5860/year

conclusion hybrid honda civic
ConclusionHybrid-Honda Civic
  • Your helping the environment
  • Your getting more MPG (up to 51 MPG)
  • You get Incentives (tax, parking, ins.)

Ultimately … your life style determines

whether it is best to purchase a

Honda Hybrid CVT or a Civic EX.

useful resources

USEFUL RESOURCES

http://handcars.com

http://motortrend.com/roadtest

www.irs.gov

Norm Reeves HONDA Dealership

Diamond Bar HONDA Dealership

COBRA INSURANCE AGENCY

thanks for being a great audience team 3
THANKS

FOR

BEING A

GREAT

Audience

- Team 3 -

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