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Insurance will cost less for the 300 owner. The Complete Car Cost Guide estimates that insurance for the 300 will cost $7280 to $14675 less than the 7 Series over a five-year period.
The 300 will cost the buyer less in the long run because of its superior resale value. The IntelliChoice estimates that the 300 will retain 45.05% to 46.14% of its original price after five years, while the 7 Series only retains 33.92% to 40.78%.
According to The Car Book by Jack Gillis, the 300 is less expensive to operate than the 7 Series because it costs $628 less to do the manufacturer’s suggested maintenance for 50,000 miles. Typical repairs cost much less on the 300 than the 7 Series, including $490 less for a water pump, $110 less for front brake pads, $520 less for a starter, $391 less for fuel injection, $162 less for a fuel pump, $1225 less for front struts, $643 less for a timing belt/chain and $759 less for a power steering pump.
IntelliChoice estimates that five-year ownership costs (depreciation, financing, insurance, fuel, fees, repairs and maintenance) for the Chrysler 300 will be $56213 to $112189 less than for the BMW 7 Series.