Car Ownership Cost Calculator

The calculator provides accurate estimates based on your input data. Actual costs vary by driving habits, vehicle condition, and local prices. Use current market rates and realistic mileage estimates for best accuracy.

Yes. This calculator applies 20% annual depreciation for years 1-3, then 10% annually after that. You will see an estimated resale value at the end of your ownership period.

One-time purchase fees, registration costs, and major unexpected repairs are not included. The calculator focuses on predictable, recurring ownership costs. Add major repairs to your maintenance estimate if anticipated.

Yes. For EVs, estimate your energy cost by using your real kWh consumption and local electricity rate, then enter an equivalent per-distance cost. Maintenance can differ by model, so use your own service history or provider estimate.

The answer depends on your local prices and usage. Run this calculator for car costs, then compare that total with your annual transit passes and typical ride-sharing spend. The lower total cost for your own scenario is the better financial option.

Commonly missed costs include parking, tolls, registration, inspections, cleaning, financing costs, and depreciation. Add each of these with your own local numbers so your total ownership estimate reflects real out-of-pocket cost.