When
buying a car most people fail to consider ALL of the
expenses that will be generated by their purchase. And
because nearly all car buying scenarios come with different
variables (depreciation rates, interest rates, purchase
prices, insurance costs, mpg ratings, etc.), it becomes
extremely difficult to compare one buying scenario with
another...until now that is. This calculator will not only
help you to forecast the REAL COST of buying and owning a
car, but it will also help you to more accurately compare
the real cost of one car buying scenario with the real cost
of a second car buying scenario.
Instructions: Shortcut:
Fill in all the blanks in the Scenario #1 column and then
click on "Compute Purchase & Ownership Costs."
This will automatically copy Scenario #1 values into the
Scenario #2 column.
Description
Car
Buying
Scenario #1
Car
Buying
Scenario #2
Enter
the total price of the car, including options:
Enter
the applicable sales-tax percentage:
Enter
the annual cost of licensing this vehicle:
Enter
the cost of the extended warranty, if applicable:
Will you
be financing this vehicle? ("y" or "n"):
Enter
the amount of your down-payment:
Enter
the financing rate (Annual Percentage Rate):
Enter
the number of months financed:
Enter
annual insurance premium:
Enter
the number of miles you expect to drive this car per year:
Enter
the vehicle's estimated Miles Per Gallon rating:
Enter
the local cost of one gallon of gasoline:
How many
years old is the car?:
How many
years do you expect to own this car?:
Enter an
estimated monthly maintenance and repair cost:
