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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 Volvo V70 Base Wagon Packages & Options
2008 Volvo V70 Base Wagon Packages
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MC***
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Collision Avoidance Package
- $1,695
Cruise control with distance sensors; Collision warning system driver monitor and includes brake assist; Brake assist with preview; Lane departure warning; Requires: [MC470] Premium Package
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MC470
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Premium Package
- $2,995
Leather seat upholstery with additional leather; Glass electric front sunroof; Compass; Garage door opener; Coming home device; Luxury trim wood & leather on gearknob, wood/woodgrain on center floor console, wood/woodgrain on doors and wood/woodgrain on dashboard; Electrically adjustable passenger seat with height adjustment, four adjustments and tilt adjustment; Excludes: [E500] Anthracite Black Textile/Tricotec And [E514] Sandstone Beige Textile/Tricotec
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MC471
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Convenience Package
- $1,395
12v power outlet: cargo and 1; Grocery Bag Holder, Cargo Area; Air conditioning humidity control; Ventilation system with automatic recirculation and active carbon filter; Parking distance sensors front, rear and radar; Front fog lights; Electric trunk/hatch pull down; Private Locking; Partial overhead console with covered storage box
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MC472
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Climate Package
- $725
Heated driver and passenger seat; Headlight cleaners; Windshield wipers with automatic intermittent wipe and rain sensor; If: [000605] Active Bi-Xenon Gas Discharge Headlamps w/Automatic Level Control; Discount -200.00:
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2008 Volvo V70 Base Wagon Options
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000142/000
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Volvo Navigation System with HDD, DVD Map Data and Remote Control
- $2,120
Navigational systems : information type: full map and voice and remote controls HDD
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000500
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Sirius Satellite Radio (includes 6 month subscription)
- $295
Audio system with satellite
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000583
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Personal Car Communicator w/Keyless Drive and Heartbeat Sensor
- $495
Two-way car communicator; Smart card / smart key automatic, includes central locking, includes ignition starter and includes memory seat adjustments; Heartbeat sensor
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000603
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Blind Spot Information System
- $695
Overtaking sensor
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000605
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Active Bi-Xenon Gas Discharge Headlamps w/Automatic Level Control
- $800
Headlight control with dusk sensor active and automatic; Projector beam lens Bi-Xenon headlights; High pressure headlight cleaners
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000714
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17" Spartes Alloy Wheels
- $550
Front and rear alloy chrome wheels with 17 inch rim diam and 7.0 inch rim width; Front and rear tires with 205 mm tire width and 50% tire profile
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000729
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Roof Rails, Silver
- $300
Roof rails
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800100
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VOLVO Dual-Screen Rear Entertainment System
- $1,800
Display screen back of front seats; DVD/VCD; Connection to ext.entertainment devices game console
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J005
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Standard Paint Type
- $0
Gloss paint
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MP
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Metallic Paint
- $475
Metallic paint
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please send e-mail to : ...
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First Drive: 2008 Volvo V70/XC70
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