Auto Ownership Cost Comparison Calculator

 

Most vehicle buyers do not consider all of the expenses associated with their purchase. This calculator helps you quickly compare two scenarios side-by-side, enabling you to quickly account for differences in the cost of fuel, maintenance, insurance, depreciation, and other costs that often seem hidden until after the purchase is made.

If you plan to use similar financing terms or are comparing similar vehicles you can use the "Copy 1 to 2" feature to use the first vehicle's settings as your defualt for the second purchase until you change whichever settings are different.

Purchase Info

Option 1

Option 2

Total price of the car, including options:
Sales-tax percentage:
Extended warranty cost, if applicable:

Finance Info

Option 1

Option 2

Will you be financing this vehicle?:
Down-payment amount:
Financing rate (Annual Percentage Rate):
Loan term in months:

Operating Expenses

Option 1

Option 2

Annual licensing cost:
Annual insurance premium:
Miles you expect to drive this car per year:
Vehicle's estimated Miles Per Gallon rating:
Local cost of one gallon of gasoline:
Estimated monthly maintenance and repair cost:

Ownership Info

Option 1

Option 2

How many years old is the car?:
How many years do you expect to own this car?:

Enter Vehicle Depreciation Rates?

Each year in the table below is a percent of the original vehicle purchase price. If you buy a used car which is 1 year old and own it for 5 years, then your purchase prise will be used as the initial price and years 2 through 6 will be used to calculate depreciation. For any year after 10 a 1% rate of depreciation is used by default. For classic cars which do not depreciate & instead appreciate you can enter a negative number in these fields & they will be treated as a rate of appreciation instead of depreciation.

Year

Percent Depreciation

1
2
3
4
5
6
7
8
9
10

Vehicle Operating Costs

Option 1

Option 2

Tax, License, and Extended Warranty Costs:
Depreciation Costs:
Finance Costs:
Insurance Costs:
Fuel Costs:
Maintenance & Repair Costs:
Total cost of buying and owning the car:
Annual cost to own and operate this vehicle:
Cost per mile:

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