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CAR COST COMPARISON CALCULATOR

 

When buying a car you may fail to consider all of the expenses that will be generated by your new purchase. And because nearly all car buying scenarios come with different variables (depreciation rates, interest rates, purchase prices, insurance costs, mpg ratings, etc.), it becomes extremely difficult to compare one buying scenario with another. Our calculator will help you to figure the REAL COST of buying and owning a car.

 

Instructions: First, fill in all the blanks in the Scenario #1 column and then click on the "Compute Purchase Costs" button. This will automatically copy Scenario #1 values into the Scenario #2 column.

Description

Scenario #1

Scenario #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:

Summary:

 

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