Ownership
Estimate what your car really costs each month, year and kilometre.
Optional — estimate how much value your vehicle may lose over the next 5 years.
Estimated monthly cost
Estimated yearly cost
A monthly loan payment is only one part of owning a vehicle. Insurance, fuel, maintenance, tires, registration and repairs can add hundreds of dollars to your actual monthly cost.
Looking at the full ownership cost can make it easier to compare vehicles and understand whether a car fits your budget.
Based on the expenses above, your estimated five-year ownership cost is:
Your car payment and insurance are usually predictable monthly expenses.
These costs can vary significantly depending on how much and where you drive.
Oil changes, brakes, tires and unexpected repairs should be included in your budget.
FAQ
Consider your payment, insurance, fuel, registration, maintenance, tires, parking and possible repair costs.
Dividing annual expenses by 12 gives you an estimated monthly amount to set aside for those costs.
It estimates how much your vehicle expenses cost for every kilometre you drive. The calculator shows this both before and after optional depreciation.
Yes. You can optionally enter your vehicle's current value and estimated value after five years to include depreciation in the ownership estimate.
Ownership costs are estimates. Actual expenses vary depending on your vehicle, insurance, driving habits, location, maintenance needs and other factors.