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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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2008 Ford Ranger XL Short Bed Regular Cab Pickup Packages & Options
2008 Ford Ranger XL Short Bed Regular Cab Pickup Packages
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672
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Payload Package 2
- $75
Increased spring rates/HD shocks; Excludes: [53L] Trailer Tow, Class III
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2008 Ford Ranger XL Short Bed Regular Cab Pickup Options
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153
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License Plate Bracket
- $0
Licence plate bracket
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41H
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Engine Block Heater (Fleet)
- $90
Block heater
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422
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California/Green States Emissions System
- $0
Emission control level California; Excludes: [428] High Altitude Use
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428
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High Altitude Use
- $0
Emission control level FED; Excludes: [422] California/Green States Emissions System
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433
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Sliding Rear window
- $125
Sliding rear window; Requires: [50P] Privacy Glass
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44D
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5-Speed Automatic Transmission
- $1,000
Automatic five-speed transmission with lock-up, electronic control, shift lever on column, 2.470:1 first gear ratio, 1.850:1 second gear ratio, 1.470:1 third gear ratio, 1.000:1 fourth gear ratio and 0.750:1 fifth gear ratio; Automatic drive indicator on dashboard; Excludes: [44R] 5-Speed Manual Transmission
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44R
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5-Speed Manual Transmission
- $0
Manual five-speed transmission; Excludes: [44D] 5-Speed Automatic Transmission
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50P
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Privacy Glass
- $110
Privacy tinted glass on rear
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51D
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Full-Size 15" Temporary Service All-Season Spare
- $110
Fullsize steel rim under body spare wheel
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52N
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Speed Control/Tilt Steering Wheel
- $385
Steering wheel mounted cruise control; Multi-function steering wheel with tilt adjustment
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53L
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Trailer Tow, Class III
- $215
Trailer towing preparation includes tow hook; Trim level: XL, trim level: XL; Requires: [51D] Full-Size 15" Temporary Service All-Season Spare And [99U] 3.0L OHV V6 Engine
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572
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Air Conditioning
- $850
Air conditioning
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58Z
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AM/FM Stereo Single CD/MP3 Player
- $355
Audio system with CD player CD player reads MP3; Connection to ext.entertainment devices includes input AUX jack
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61R
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Daytime Running Lamps (Fleet)
- $45
Day time running lights
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65R
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Satellite Radio - Incl. 6 Months SIRIUS Subscription
- $195
Audio system with satellite
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86R
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Over Rail Bedliner (Fleet)
- $235
Pickup bed insert liner; Excludes: [86U] Under Rail Bedliner
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86U
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Under Rail Bedliner
- $275
Pickup bed insert liner; Excludes: [86R] Over Rail Bedliner (Fleet)
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96A
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Body Side Molding (Body Color)
- $60
Body color body side molding
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99D
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2.3 DOHC I4 Engine
- $0
2,254 cc 2.3 liters in-line 4 front engine with 87.4 mm bore, 94.0 mm stroke, 9.7 compression ratio, double overhead cam and four valves per cylinder 99D; Excludes: [99U] 3.0L OHV V6 Engine
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99U
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3.0L OHV V6 Engine
- $425
2,970 cc 3.0 liters V 6 front engine with 89.0 mm bore, 79.8 mm stroke, 9.0 compression ratio, overhead valve and two valves per cylinder 99U; Power: 110 kW , 148 HP SAE @ 4,900 rpm; 180 ft lb , 244 Nm SAE @ 3,950 rpm; Excludes: [99D] 2.3 DOHC I4 Engine
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J004
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Standard Paint Type
- $0
Black paint; Excludes: [J005] Standard Paint Type
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J005
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Standard Paint Type
- $0
Gloss paint; Excludes: [J004] Standard Paint Type
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R
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Cloth 60/40 Split Bench
- $220
Cloth seat upholstery with additional cloth; Excludes: [QP] Medium Pebble Vinyl And [QF] Medium Dark Flint Vinyl
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XAB
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Limited Slip Rear Axle
- $300
Rear limited slip differential; Requires: [99U] 3.0L OHV V6 Engine
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