Gold Star criteria
DEPRECIATION
The biggest cost of ownership for most new cars. Of the 2000-plus cars number-crunched, Glass’s three-year retained value figures ran from 33 percent on a base model Toyota Aurion to 69 percent on another Toyota, the Landcruiser GXL.
INSURANCE
Comprehensive insurance quotes obtained online from AAMI for a 35-year-old male living in Chatswood, NSW, Rating One for life, no finance, private use.
FUEL
Annual fuel cost was calculated on ADR combined-cycle consumption figures – not real-world, but a good base for comparison. Annual distance travelled is taken as the ABS Australian average of 14,000km, and fuel prices on the day were used.
PURCHASE PRICE
Most new-car buyers set out with a budget in mind, so the survey is divided into price brackets. The real cost of owning the car is depreciation, which is where purchase cost comes into our value analysis.
REAL COST
It’s relatively easy to put a representative number on the threeyear cost of depreciation, fuel and insurance, so the total of these running costs equate to 80 percent of a car’s score.
SERVICE
Widespread fixed- or capped-price servicing schemes would make it possible to compare car servicing costs, but for the fact they’re not universal. We can score service intervals; a longer interval may result in less expense and it will certainly be more convenient, so it takes the maximum 10 points.
WARRANTY
If nothing else, a seven-year warranty gives greater peace of mind compared with a three-year warranty. However, it’s impossible to put a hard cost on what an extra-long warranty is worth; it only translates into cash if something goes bang and is fixed without cost. Warranty accounts for 10 points of 100.