Calculate the true cost of owning a vehicle over time. See the complete picture including depreciation, financing, fuel, insurance, maintenance, and more. Make informed decisions with real numbers. No signup required.
See total cost over a 5-year ownership period.
Understand the true cost per mile driven.
Factor in how much the vehicle loses in value.
Include fuel and insurance in the total.
Add estimated maintenance and repair costs.
See costs by year for better planning.
See the true cost of owning a vehicle over time, including all expenses.
| Year | Payment | Fuel | Other | Total |
|---|---|---|---|---|
| Year 1 | $7,111 | $1,500 | $1,850 | $17,716 |
| Year 2 | $7,111 | $1,500 | $1,872 | $14,939 |
| Year 3 | $7,111 | $1,500 | $1,896 | $13,618 |
| Year 4 | $7,111 | $1,500 | $1,920 | $12,880 |
| Year 5 | $7,111 | $1,500 | $1,944 | $12,506 |
The purchase price is just the beginning. Depreciation is often the largest expense, followed by fuel and insurance. Consider these costs when comparing vehicles.
TCO includes purchase or loan cost, depreciation, fuel, insurance, maintenance, repairs, and fees over the time you own the car.
Two cars with similar purchase prices can have very different TCO due to depreciation, fuel economy, and reliability.
Your monthly payment is just one part of car ownership. Don't forget insurance, fuel, maintenance, and depreciation.
Use our car payment calculator for monthly payment and our gas vs electric calculator to compare fuel costs.
Common questions about this tool
Total cost of ownership (TCO) includes purchase or loan cost, depreciation, fuel, insurance, maintenance, repairs, and fees over the time you own the car. It shows the real cost beyond the sticker price.
Two cars with similar purchase prices can have very different TCO due to depreciation, fuel economy, and reliability. TCO helps you compare vehicles on true cost, not just monthly payment.
Calculate your monthly payment with amortization schedule and total interest.
Calculate monthly lease payment, money factor, and total lease cost.
Use the 10-15% rule to find your car budget based on income.
Check your estimated auto loan rate and approval likelihood.