EGR 403 - Economic Analysis

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EGR 403 - Economic Analysis

• Equipment Comparison
• Honda Accord vs. Toyota Prius

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Team 3 Group Members

• Lester Oestreich Leader
• Jane Veerachanavirut - Organizer
• Richard Do Technie
• Carlos Ruiz - Summarizer
• Peter Jo Summarizer

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Objective

• Longterm economic comparison of a super low
  emission vehicle (Honda Accord) versus
• Buying a hybrid vehicle (Toyota Prius) to
  determine which is the better buy

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Honda Accord vs. Toyota Prius
Honda Accord LX 2005
2004 2005
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Areas of Interest

• Purchase Price
• Cost of Ownership
• Gas
• Insurance
• Maintenance

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Parameters/Assumptions

• 5 year ownership of vehicle
• Male or Female
• College Graduate
• Age 25
• Resident of Pomona, CA
• Single

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Vehicle 1 - Honda Accord

• Statistic from research

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Vehicle 2 - Toyota Prius

• Statistic from research

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Action Items/Research

• Contact Dealers for Information
• Contact Insurance Companies
• Research consumer vehicle reviews for longterm
  gas mileage, maintenance

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References

• Any references used to create the proposal