True Car Cost Calculator
See the real 5-year cost of owning any vehicle — loan interest, gas, insurance, maintenance, and depreciation all included.
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Oil changes, tires, brakes, unexpected repairs
Monthly Payment
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Loan only
5-Year Total Cost
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All costs combined
True Cost Per Mile
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Based on 5 years
5-Year Depreciation
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Estimated value lost
5-Year Cost Breakdown
Disclaimer: These results are estimates for informational and educational purposes only. Depreciation, maintenance, and fuel costs vary by vehicle and driving habits. This is not financial or purchasing advice. Full disclaimer →
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Frequently Asked Questions
How much does a car really cost per year?
Beyond the monthly loan payment, car ownership includes gas, insurance, maintenance, registration, and depreciation. The average American spends $12,000–$15,000 per year on vehicle ownership according to AAA — often 2–3x what people expect when they only look at the loan payment.
How is car depreciation calculated?
This calculator uses a flat 15% annual depreciation on the purchase price, which approximates the average for new vehicles. New cars typically lose 15–25% of value in year one and 10–15% per year after. Used cars depreciate more slowly. Depreciation is often the single largest cost of car ownership.
What is included in the true cost of car ownership?
This calculator includes: loan principal and interest, state sales tax, fuel costs, auto insurance, maintenance and repairs, and depreciation (loss of vehicle value). Registration fees vary too much by state to include but are typically $100–$500/year.
Is a lower monthly payment always better?
No. A longer loan term (72 months vs 48 months) lowers your monthly payment but increases total interest paid. A $50/month savings on a 72-month vs 48-month loan can cost $1,000–$2,000 more in total interest depending on your rate. Always compare total cost, not just monthly payment.