Car Cost Comparison Calculator

When buying a car most people do not realise the true cost of buying and owning a vehicle. And when you consider all the factors such as purchase price, interest rates of a car loan, depreciation of the car and it's residual value, car insurance, maintenance costs and of course the cost of fuel, you will see just how difficult it is to calculate the real financial cost of car ownership.

This calculator will help you to work out the real, full cost of running a car. And it will help you compare one buying scenario with another, such as new compared to a second hand car.

Instructions: Fill in all the blanks in the Scenario No. 1 column and then click on "Compute Purchase & Ownership Costs." This will automatically copy Scenario No. 1 values into the Scenario No. 2 column.


Car Buying
Scenario No. 1

Car Buying
Scenario No. 2

Enter the total price of the car, including options:

Enter the applicable sales-tax percentage:

Enter the annual cost of licensing this vehicle:

Enter the cost of the extended warranty, if applicable:

Will you be financing this vehicle? ("y" or "n"):

Enter the amount of your down-payment:

Enter the financing rate (Annual Percentage Rate):

Enter the number of months financed:

Enter annual insurance premium:

Enter the number of miles you expect to drive this car per year:

Enter the vehicle's estimated Miles Per Gallon rating:

Enter the local cost of one gallon of gasoline:

How many years old is the car?:

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

Enter an estimated monthly maintenance and repair cost:

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: