Total Car Cost Calculator
Calculate the true cost of car ownership. See the full picture including loan payments, gas, insurance, maintenance, and depreciation.
Loan & Vehicle
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Operating Costs (Monthly)
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The True Cost of Car Ownership
Most people underestimate how much car ownership really costs. Beyond the monthly loan payment, there are gas, insurance, maintenance, parking, and most importantly - depreciation.
Breaking Down Car Ownership Costs
- Loan Payments: Your monthly payment to the lender
- Gas/Fuel: Ongoing fuel costs based on driving habits
- Insurance: Required auto insurance (varies by driver)
- Maintenance: Oil changes, tires, repairs - typically $0.05-0.10/mile
- Parking & Tolls: Can range from $0 to $500+/month in major cities
- Depreciation: The biggest hidden cost - cars lose 20-30% value in year 1
Cost per Mile Matters
A $35,000 car driven 12,000 miles per year for 5 years costs about $0.58 per mile in loan payments alone. Add operating costs and depreciation, and the true cost can exceed $1.00 per mile.