True Cost of Ownership

Put the big costs and small expenses together.

Your numbers

Enter your numbers to see the result.

How True Cost of Ownership works

Add fuel, insurance, maintenance, repairs and recurring fees over the chosen years, then add total depreciation and financing interest. Divide the total by years, months or total miles for comparable costs.

A worked example

These sample values illustrate the calculation. Use your own numbers in the calculator for your result.

Example inputs
Purchase price ($)
25000
Ownership period (years)
5
Annual mileage
12000
Fuel economy (MPG)
30
Gas price ($/gallon)
3.5
Annual insurance ($)
1400
Annual registration ($)
150
Annual maintenance ($)
600
Annual repairs ($)
300
Annual parking ($)
0
Annual tolls ($)
0
Total depreciation over period ($)
10000
Total financing interest over period ($)
2500
Total ownership cost
$31,750.00
Per year
$6,350.00
Per month
$529.17
Per mile
$0.53

Assumptions and limits

Counts depreciation instead of purchase price to avoid double counting the car value. Financing interest and depreciation are totals over the selected period. Other costs are annual.

Check lender terms and manufacturer guidance. These estimates do not replace a mechanical inspection.