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Value Rating
Above Average
IntelliChoice Value Rating
The chart above shows the purchase price versus ownership cost for each car from a specific vehicle class. The cars with better than average ownership cost/purchase price correlations are the best values, and these best value cars are represented by the dots below the curve. (i.e. the cars that have a lower ownership cost compared to its purchase price.) Those cars, which are worse than average or poor values, appear above the curve.
One way to view the graph is to draw a vertical line through any purchase price. You may see several dots that fall on this line - each of which is a car with a similar purchase price. However, notice the difference in ownership costs of each car represented by the vertical position of the dot. Two cars with the same purchase price can have thousands of dollars difference in ownership costs. This is what separates "good value" cars from "poor value" cars.
What is a good car value?
A "good car value" is one whose cost to own and operate is less than expected. The lower the cost to own and operate a car compared to what is expected, the better the value of that car.
But how do we know a car's "expected cost"?
For each car in the class, IntelliChoice plots the car's purchase price against the total five-year cost to own and operate it as determined by IntelliChoice research. Each dot on the above chart represents a specific car. Generally, we find that as the purchase price of the car increases, the cost to own and operate that car increases. This is why the dots on the graph tend to rise upward and to the right. This phenomenon also makes intuitive sense - as the purchase price rises, financing costs tend to rise, as do insurance, depreciation, taxes, and most other car ownership costs.
This is an important concept. It's normal for car ownership costs to rise as purchase price rises. Therefore, we can't just establish one "average" ownership cost number for each class, since cars in the class have different purchase prices. (This is why the "Relative" shown on each chart is different for cars in the same car class.)
Using statistical techniques, IntelliChoice "connects the dots" to form a curve that defines, for this car class, the relationship between the car's purchase price and car's ownership costs. This curve is our "expected cost" curve. The curve defines, for any car in the class, the five-year ownership cost that we would expect to see at each possible purchase price. If every car in the class were an average value, then all the dots would fall exactly on the curve. However, it's rare that any dot is exactly on the curve. Some dots are a little higher or lower, and some are a lot higher or lower. The dots that are a little lower are better than average car values, while the dots that are a lot lower are excellent car values (A dot that is a lot lower than the curve has ownership costs much lower than expected for a car of its purchase price). Conversely, a dot a little higher than the curve is a poorer than average car value, while a dot that is much higher than the curve is a poor car value.
Value is a relative term, not an absolute term. It is performing better than the logical expectation.
So is a Mercedes-Benz E320 expensive to own and operate? Certainly in an absolute sense. Most other cars cost less. But, when its cost to own and operate is plotted against cars with comparable invoice prices, the E320 costs less. So the E320 is not expensive to own and operate - it is a good car value. The Mercedes does not have low ownership costs, but it has low ownership costs for its invoice price.
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Ford Mustang GT Convertible Recalls
| Recall Date: |
OCT 27, 2006 |
| Component: |
SUSPENSION:FRONT |
| Model Affected: |
MUSTANG |
| Units Affected: |
400
Get Details
|
Recall Date:
OCT 27, 2006
Model Affected:
2007 FORD MUSTANG
Summary:
CERTAIN AFTERMARKET EIBACH BRANDED FRONT STRUTS ONLY, PART NO. 35101.8001, AND EIBACH BRANDED FRONT STRUTS AS SUSPENSION KITS, PART NOS. 35101.840, 35101.680, 35101.780, 35100.680, 35100.780, 4.10135.680, AND 4.10035.780, SOLD FOR USE ON 2005 THROUGH 2007 FORD MUSTANG VEHICLES. THE FRONT ANTI ROLL BAR ATTACHMENT BRACKET ON THE FRONT STRUT CAN SEPARATE FROM THE STRUT HOUSING DUE TO INCONSISTENT WELDING. THIS COULD RESULT IN A CLUNKING NOISE AND OR POOR HANDLING IN EXTREME OR EMERGENCY MANEUVERS.
Consequence:
IF THE BROKEN BRACKET CONTACTS THE TIRE, SIDEWALL DAMAGE CAN OCCUR, POSSIBLY RESULTING IN A VEHICLE CRASH.
Remedy:
EIBACH WILL NOTIFY OWNERS AND OFFER TO PROVIDE NEW STRUTS FREE OF CHARGE. THE RECALL IS EXPECTED TO BEGIN ON DECEMBER 1, 2006. OWNERS MAY CONTACT EIBACH AT 951-256-8300.
Units Affected:
400
Notes:
EIBACH SPRINGS, INC.
| Recall Date: |
FEB 25, 2008 |
| Component: |
AIR BAGS:FRONTAL |
| Model Affected: |
MUSTANG |
| Units Affected: |
434593
Get Details
|
Recall Date:
FEB 25, 2008
Model Affected:
2007 FORD MUSTANG
Summary:
FORD IS RECALLING 434,593 MY 2008 MUSTANG VEHICLES FOR FAILING TO COMPLY WITH ONE OF THE NECK INJURY REQUIREMENTS OF FEDERAL MOTOR VEHICLE SAFETY STANDARD NO. 208, "OCCUPANT CRASH PROTECTION," FOR AN UNBELTED 5TH PERCENTILE FEMALE SITTING IN THE PASSENGER SEAT WHILE IT IS IN THE FULL FORWARD POSITION.
Consequence:
DURING AN AIR BAG DEPLOYMENT, IF A SMALL FEMALE IN THE FRONT PASSENGER SEAT IS NOT WEARING THE SAFETY BELT, AND HAS THE SEAT IN THE FULL FORWARD POSITION, THERE MAY BE AN INCREASED POTENTIAL FOR A NECK INJURY.
Remedy:
DEALERS WILL REPROGRAM THE RESTRAINT CONTROL MODULE FREE OF CHARGE. THE RECALL BEGAN ON MARCH 3, 2008. OWNERS MAY CONTACT FORD AT 1-866-436-7332 OR THROUGH EMAIL TO WWW.OWNERCONNECTION.COM.
Units Affected:
434593
Notes:
FORD MOTOR COMPANY 08C02
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