How does VinAudit estimate a vehicle’s ownership cost?
As part of VinAudit’s history business, VinAudit continuously aggregates millions of vehicle-related records each month from government agencies and industry partners. From this historical data, VinAudit has built statistical models for predicting the cost for each of the ownership cost categories shown accounting for the vehicle’s real-time market value
, the vehicle’s yearly mileage (as configured), the vehicle’s fuel efficiency, the vehicle’s reliability, gas prices, labor costs, and other factors. As with most predictions, this model makes some assumptions which may not hold true, and VinAudit continues to improve the model over time as additional real-world data accumulates in our database.