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Comprehensive Calculator

True Cost of Ownership Calculator

Calculate the real cost of owning a car over time. See how depreciation, fuel, insurance, maintenance, and financing add up.

Vehicle Information

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Driving & Fuel

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Financing

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Insurance (Optional Override)

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Leave blank to use our estimate based on vehicle type

Total Cost of Ownership
$0
over 5 years
$0
per month
$0.00
per mile
Estimated Resale Value
$0
Cost Breakdown
Depreciation
$0
Fuel
$0
Insurance
$0
Maintenance
$0
Repairs
$0
Financing
$0
Registration
$0

Considering a used car? Check its history first.

Get Carfax Report - $5.99

Understanding True Cost of Ownership

Depreciation (35-50%)

Depreciation is typically the largest cost of ownership. New cars lose 20-30% of value in the first year. Buying a 2-3 year old car lets you avoid the steepest depreciation.

Fuel (15-25%)

Fuel costs vary widely based on driving habits, vehicle efficiency, and fuel prices. Consider hybrids or EVs if you drive a lot—the fuel savings can be significant.

Insurance (10-15%)

Insurance rates depend on your driving record, location, and the vehicle itself. Sports cars and luxury vehicles typically cost more to insure.

Maintenance & Repairs (10-20%)

Regular maintenance (oil, tires, brakes) plus unexpected repairs. Costs increase as vehicles age. Luxury and European cars typically cost more to maintain.

Tips to Reduce Ownership Costs

1
Buy Used (2-3 Years Old)

Let someone else take the biggest depreciation hit. A lightly used car can save you thousands.

2
Keep It Longer

The longer you own a car, the more you spread out the depreciation cost. Well-maintained cars can last 200k+ miles.

3
Shop Insurance Annually

Rates vary dramatically between insurers. Shopping around can save $500+ per year.

4
Consider Fuel Efficiency

Over 60,000 miles, even small MPG differences add up to thousands in fuel savings.

Buying Used? Check the History First

A used car can save you thousands, but only if it doesn't have hidden problems. Check for accidents, title issues, and odometer fraud before you buy.

Get Full Carfax Report - $5.99