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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 Dodge Caliber Review
New SRT4 model joins lineup.
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Lineup
The 2008 Dodge Caliber offers a choice of four models, all with four-cylinder engines. A 148-horsepower 1.8-liter is standard in SE and SXT, a 158-hp 2.0-liter is optional for SXT, a 172-hp 2.4-liter is standard in R/T, and the SRT4 has a 285-hp turbocharged 2.4-liter. The 1.8 is mated to a five-speed manual gearbox, while the 2.0 comes with a continuously variable automatic transmission (CVT). The 2.4 is available with the five-speed manual in the front-drive R/T and the CVT in the all-wheel drive R/T. The SRT4 comes only with a six-speed manual.The SE ($13,925) comes standard with the 1.8-liter engine and five-speed manual transmission. The 2.0-liter engine is optional ($150) and it must be ordered with the CVT automatic ($1000), which comes with antilock brakes. (All NCTD prices are MSRP, do not include destination charges, and can change at any time without notice.) The SE has cloth seats; tilt steering column; an AM/FM/CD stereo with four speakers and an auxiliary input jack; a 60/40-split, folding rear seat; removable and washable vinyl cargo mat; and P205/70R15 tires on hubcapped, steel wheels. Air conditioning is not standard, nor are power windows. The SE comes with manual roll-up windows and manual outside mirrors. Options for the SE are as extensive as the standard equipment is basic. The air conditioning system ($1050) includes an interior air filter and a Chill Zone inside the glove box that holds four half-liter water bottles. The Power Equipment Group ($595) includes power windows, outside mirrors and keyless remote central locking. The Popular Equipment Group includes the Power Group, plus floor mats, a cargo area tonneau cover and cruise control. An uplevel stereo adds MP3 capability and six-disc CD changer. Sirius Satellite Radio ($195) is offered and it includes a one-year subscription.
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The SXT ($16,620) also comes standard with the 1.8-liter engine and five-speed manual, with the 2.0-liter engine and CVT optional, but the list of standard features expands dramatically. The SXT comes with the features in the SE Popular Equipment Group, air conditioning with the interior air filter and Chill Zone; a tachometer; YES Essentials cloth upholstery that Dodge says is odor, stain and static resistant; Sirius satellite radio; 115-volt, AC power outlet; a flashlight-like removable lamp that stows and charges in a receptacle in the rear headliner; height-adjustable driver's seat; fold-flat front passenger seat; a reclining 60/40 split rear seat; and all-season P215/60R17 touring tires on aluminum wheels. SXT options include seat heaters for the cloth seats ($250); sunroof ($795); the Driver Convenience Group ($760) with Dodge's UConnect hands-free cell phone link, HomeLink universal garage door opener, auto-dimming rearview mirror, vehicle information center and a tire pressure monitor; the Popular Equipment Group ($200) with fog lights, body side molding, and a leather-wrapped steering wheel with redundant audio controls; a navigation system with six-disc CD changer ($1395); and the Premium Sound Group ($495) Boston Acoustics sound system with nine speakers, including two articulating liftgate speakers called MusicGate Power. The available Sport Appearance Group ($365) has a body-color grille, color-keyed instrument panel and shifter bezel, fog lamps, Sirius satellite radio, leather-wrapped steering wheel with redundant audio controls, and cloth bucket seats with contrasting inserts. When ordered with the 2.0-liter engine, it also has Dodge's Autostick manual shiftgate with six preset gear ratios for the CVT automatic. A Trailer Tow Group ($130) adds an engine oil cooler and a wiring harness. The R/T ($18,395) comes standard with the 2.4-liter engine, the manual transmission and, new for '08, front-wheel drive. It is also offered with the CVT and all-wheel drive ($20,495). The R/T comes with the SXT features, plus the Sport Appearance Group, the Premium Sound Group with MusicGate Power, cruise control, heated front seats, cargo cover, a sport suspension with performance steering, and P215/55R18 all-season performance tires on aluminum wheels. Options exclusive to R/T are the Leather Interior Group ($595) with leather seating surfaces and a manual lumbar adjustment for the driver's seat, and chromed 18-inch wheels ($700). The SRT4 ($22,435) has a turbocharged version of the 2.4-liter engine pumping out 285 horsepower through a Getrag, six-speed manual transmission. Suspension, brakes and steering are beefed up to handle the increased performance, and painted aluminum wheels wear W-rated, P225/45R19 all-season tires. The SRT4 has unique body aero add-ons, including a large rear spoiler. The SRT4 gets sport bucket seats, a carbon fiber and leather-wrapped steering wheel, a reconfigurable display, a boost gauge, a six-disc CD changer, and aluminum pedals. The only options are a 13-speaker, 322-watt Kicker audio system ($1190), a sunroof ($795), polished aluminum wheels ($400), and summer performance tires. Safety features that come standard on all Calibers include multi-stage front airbags, inflatable driver knee blocker, and full-coverage side curtain airbags. Antilock brakes come standard with the CVT but are optional with the manual transmission on the SE and SXT ($400). Optional on SXT and R/T is the Security Group ($890 with manual transmission, $490 with CVT), which includes an alarm, front and rear disc brakes, antilock brakes with brake assist, daytime running lights and antiskid control. A tire pressure monitor is optional for SXT and R/T. The SRT4 has all of the aforementioned safety equipment standard. next page |
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Dodge Caliber Concept
Dodge presents a new take on the small car with its Caliber concept. Looking at the pictures, you might think that this car is similar in size to Chrysler Pacifica, but in reality, it's not much bigge...
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Dodge Caliber Concept
Dodge presents a new take on the small car with its Caliber concept. Looking at the pictures, you might think that this car is similar in size to Chrysler Pacifica, but it's not much bigger than a PT ...
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2007 Dodge Caliber SRT4 Photo Gallery
Chrysler Group's Street and Racing Technology (SRT) group takes the SRT4 reputation to new heights with the introduction of the all-new, 300-horsepower 2007 Dodge Caliber SRT4.
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