True Cost of Ownership
Enter your car details to see the full annual and monthly cost.
Total cost per mile
$0.00
Annual cost: $0
Annual cost
$0
Monthly cost
$0
Depreciation per year
$0
Fuel cost per year
$0
5-year total cost
$0
Cost per day
$0
Worked example
With the default inputs shown below, this calculator returns the following results:
| Input | Value |
|---|---|
| Purchase price ($) | $35,000 |
| Years owned | 5 |
| Annual miles driven | 12000 |
| Fuel economy (MPG) | 30 |
| Fuel price per gallon ($) | $3.5 |
| Annual insurance ($) | $1,400 |
| Annual maintenance ($) | $600 |
| Annual registration ($) | $200 |
| Result | Value |
|---|---|
| Total cost per mile | $0.88/mi |
| Annual cost | $10,600/yr |
| Monthly cost | $883/mo |
| Depreciation per year | $7,000/yr |
| Fuel cost per year | $1,400/yr |
| 5-year total cost | $53,000 |
Values shown are produced by this page in your browser; change any input to update them.
How to use the True Cost of Ownership
- Purchase price ($) β default $35,000
- Years owned β default 5
- Annual miles driven β default 12000
- Fuel economy (MPG) β default 30
- Fuel price per gallon ($) β default $3.5
- Annual insurance ($) β default $1,400
- Annual maintenance ($) β default $600
- Annual registration ($) β default $200
- Press Calculate to update the results instantly.