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2008 Honda Element Cost Of Ownership

If you buy a used SUV, you should expect to pay more than the usual retail pricing or a private-party price. The total cost of ownership of a 2008 Honda Element has other costs in addition to financing costs. These 2008 Honda Element ownership costs include insurance, depreciation, operating costs like fuel, maintenance and repair, and state registration fees. Select one of the options below to continue researching the subject.

2008 Element Ownership Costs

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	YEAR 1	YEAR 2	YEAR 3	YEAR 4	YEAR 5	5 YR TOTAL
Depreciation	$2,973	$1,672	$1,361	$1,696	$1,619	$9,321
Financing	$1,069	$858	$637	$396	$145	$3,105
Insurance	$1,225	$1,225	$1,225	$1,225	$1,225	$6,125
State Fees	$94	$65	$64	$60	$60	$344
Fuel	$1,850	$2,032	$2,230	$2,449	$2,689	$11,250
Maintenance	$62	$93	$212	$624	$212	$1,204
Repairs	N/A	N/A	$72	$156	$316	$544
Cost Per Year	$7,274	$5,945	$5,802	$6,606	$6,265	$31,893
Hybrid Tax Credit						N/A
5-Year Cost of Similar Vehicles						$34,425
Difference						$2,533
Value Rating						Excellent