Recommendation for a New Company Car: A Compare-and-Contrast Report
When it comes to buying a vehicle everyone has the same general checklist - price, features, reliability, all major factors each for an important reason. So, when it came time to research a new company vehicle, two stood out: the 2018 Toyota Corolla L and the 2018 Acura ILX. Both vehicles stand out on their own but when it comes to buying for the company, the Toyota Corolla is the best pick.
First, overall specs are important when it comes to researching a vehicle because it explains the general needed to know information needed to know for each one. So when it came to looking into the Toyota and the Acura, according to Carguru.com, "Toyota has sold well over 40 million Corollas over the last five decades, making it the best-selling car ever.
The Corolla has been successful largely because it's such a great all-rounder—it's fuel efficient with more room than a tiny eco-box; it's affordable without feeling cheap; and thanks to Toyota's legendary build quality and reliability, it will always get you from point A to point B." while the “Acura first introduced the ILX sport sedan in 2013 as its entry-level model. Since then, the model underwent a significant facelift for 2016 and moved to a single drivetrain. Entering its sixth model year, the Acura ILX sees few changes for 2018." The average cost of the Toyota Corolla L is $19,955 and the Acura ILX is $29,095.00. And according to Edmunds.com, the fuel economy for the range for the Acura ILX is 330/462 miles while the Toyota Corolla L is 370/475 miles.
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Next, the cost to own over five years is something to keep in mind when searching because it's important to think about long-term reliability. Kelleybluebook.com states that the out-of-pocket expenses of the Acura ILX to be $23,913.00 compared to the Toyota Corolla L out-of-pocket expenses is $22,496.00. The loss over value over five years for the 2018 Acura ILX is $17,268. The loss of value for the Toyota Corolla L is $11,384.00. And, the average total loss over 5 years for the Acura ILX is $41,181.00 when the average total loss for the Toyota Corolla L is $33,880.00.
Lastly, the warranty is also important to know when researching a vehicle. Kelleybluebook.com brakes down the warranties for each car. The basic warranty for the Acura ILX is, 4 years/50,000 miles and the Toyota Corolla L is, 3 years/36,000 miles. The Powertrain warranty for the Acura ILX is, 6 years/70,000 miles when the Toyota Corolla L is, 5 years/60,000 miles. Then, the roadside assistance warranty for the Acura ILX is, 4 years/50,000 miles when the Toyota Corolla Lis, 2 years/unlimited miles.
So, with all of that being said, between the Acura ILX and the Toyota Corolla L, the Toyota Corolla L is the better option for a company vehicle. Even though the Acura ILX seems to have a better warranty program, the Toyota Corolla L has better features and pricing. Which will save us money in the long run. I believe that we will not go wrong by picking the Toyota Corolla L as our company vehicle, that is it our best option.
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Recommendation for a New Company Car: A Compare-and-Contrast Report. (2023, Mar 22). Retrieved from https://phdessay.com/recommendation-for-a-new-company-car-a-compare-and-contrast-report/
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