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Car Cost of Ownership Calculator

The sticker price is only the start. Add up the real monthly cost of owning a car — payment, insurance, fuel, and upkeep — to see what it truly takes out of your budget.

Your details

Total cost per month
$750.00
Total cost per year
$9,000.00

Where the money goes

$750Total
Loan/lease
$400.0053%
Insurance
$150.0020%
Fuel
$120.0016%
Maintenance
$80.0011%
Total cost per month$750.00

Formula

Total monthly cost = loan/lease payment + insurance + fuel + maintenance. Multiply by 12 for the annual figure.

How it works

Ownership costs often rival or exceed the car payment itself. Seeing the all-in monthly number helps you budget honestly and compare vehicles on total cost, not just the payment.

Frequently asked questions

What's the true cost of owning a car?

Beyond the payment, budget for insurance, fuel, maintenance and repairs, registration, and depreciation. Together they often add up to as much as the loan payment again.

How much should I budget for maintenance?

A common rule of thumb is around $100 a month, or roughly $0.05–0.10 per mile, rising as the car ages. Enter your own estimate for a more accurate total.

Does this include depreciation?

No — this covers your cash outflows. Depreciation is a real cost too but isn't a monthly bill; factor it in separately when comparing new versus used.

Sources & methodology

Sum of the monthly costs you enter. Excludes depreciation, registration, and financing details unless included in the payment.

Last updated: 2026-07-22
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