Cost of Ownership Calculator

Summary

Enter your vehicle details and see the true total cost of ownership broken down by depreciation, financing, insurance, fuel, maintenance, and fees.

How it works

1. Enter the vehicle purchase price and select how many years you plan to own it.
2. Provide your down payment and loan details if financing (interest rate and term).
3. Enter your expected annual mileage, fuel economy, and local fuel price.
4. Add your estimated annual insurance premium and maintenance budget.
5. Input annual registration and tax fees for your area.
6. The calculator instantly totals all costs and breaks them down by category and per-mile.

Use cases

• Compare the true 5-year cost of two different vehicles before buying.
• Decide whether to buy new vs. used by modeling depreciation differences.
• Estimate per-mile cost to optimize reimbursement or mileage deductions.
• Budget monthly transportation expenses more accurately.
• Evaluate whether leasing is cheaper than buying for your situation.
• Understand how much a longer loan term costs in total interest.
• Plan for a vehicle purchase with a realistic savings goal.
• Show clients the real cost of a fleet vehicle over its service life.

Frequently Asked Questions