New Toyota Avensis: Leading the Way on Residual Values and Cost of Ownership
The new Toyota Avensis is primed for strong performance against its leading market rivals in terms of holding its value and costing less to run for company car drivers.
Figures released by CAP Monitor show new Avensis outperforming both the Ford Mondeo and Vauxhall Insignia when it comes to value retained after three years/60,000 miles, making the Toyota a compelling proposition to fleet managers when it goes on sale on 1 January.
| New Avensis Saloon diesel vs 4-door competitors |
CAP RV |
| Avensis TR 2.0 D-4D 130 |
35% |
| Vauxhall Insignia SRI 2.0 CDTi |
31% |
| Ford Mondeo Zetec 2.0 TDCi |
29% |
| New Avensis Tourer diesel vs Estate competitors |
|
| Avensis TR 2.0 D-4D 130 |
36% |
| Vauxhall Insignia SRi 2.0 CDTi |
33% |
| Ford Mondeo Zetec 2.0 TDCi |
31% |
| New Avensis Saloon petrol vs 4-door competitors |
|
| Avensis TR 1.8 Valvematic |
32% |
| Vauxhall Insignia SRi 1.8 |
30% |
| Ford Mondeo Zetec 1.6i Duratec |
27% |
| New Avensis Tourer petrol vs estate competitors |
|
| Avensis TR 1.8 Valvematic |
33% |
| Vauxhall Insignia SRi 1.8 |
31% |
| Ford Mondeo Zetec 1.6i Duratec |
29% |
* Calculated on three years’ ownership/60,000 miles. Data – CAP Monitor, October 2008
New Avensis delivers concrete benefits when it comes to ownership costs, too. Thanks to the application of Toyota Optimal Drive technologies, engine performance and efficiency have been significantly improved across the range, giving lower fuel consumption and reduced CO2 emissions – from as low as 134g/km for the TR 2.0 D-4D saloon. This in turn brings reductions in benefit-in-kind taxation and overall running expenses compared to the current Avensis range, giving the Toyota a highly competitive position against rival models such as the Insignia and Mondeo. On a cost-per-mile basis, the new Avensis TR 2.0 D-4D even works out cheaper than Ford’s Mondeo Econetic.
Cost of Ownership Comparison – New Avensis vs Key Competitors
| MODEL | BHP |
MONTHLY COST |
TOTAL COST | VARIANCE |
| Avensis TR 2.0 D-4D |
126 |
£703 |
£25,308 |
– |
| Ford Mondeo Zetec 1.8 TDCi |
125 |
£781 |
£28,116 |
+£2,808 |
| Volkswagen Passat Highline 2.0 TDI |
140 |
£783 |
£28,224 |
+£2,916 |
| Vauxhall Insignia SRi 2.0 CDTi |
128 |
£811 |
£29.196 |
+£3,888 |
| Ford Mondeo Econetic 1.8 TDCi |
125 |
£762 |
£27,432 |
+£2,124 |
Independent Carcost data, 27 November 2008, based on three years/60,000 miles. Monthly cost based on residual value; fuel; service maintenance and repairs; finance; insurance; and NI contribution.
Benefit-in-Kind Taxation Comparison – New vs Current Avensis
| MODEL |
CO2 (g/km) |
OTR PRICE |
BiK (%) |
ANNUAL BiK (40%) |
ANNUAL SAVING |
| New Avensis TR 1.8 ValvematicCurrent Avensis TR 1.8 VVT-i |
154 171 |
£17,470 £17,360 |
18 22 |
£1,263 £1,508 |
£245 – |
| New Avensis TR 1.8 Valvematic Multidrive SCurrent Avensis TR 1.8 VVT-i Automatic |
157 187 |
£18,450 £18,340 |
19 25 |
£1,387 £1,808 |
£421 – |
| New Avensis TR 2.0 D-4DCurrent Avensis TR 2.0 D-4D |
134 146 |
£18,255 £18,340 |
18 20 |
£1,302 £1,453 |
£151 – |
Richard Balshaw, General Manager for Toyota Fleet said; “The announcement of these residual values by CAP Monitor and the evidence of the cost of ownership comparisons reinforce the strong message Avensis can present to fleet managers as a highly competitive all round package. And that is all in addition to hallmark Toyota quality and reliability, superior equipment specifications and real driver appeal.”
ENDS
