Buy a Car Project
The resources below are part of the Buy a Car Project which you can find here.
Car Loan CalculatorUse the Auto Loan Calculator on the right to determine the monthly payment for your car. Please note that amounts are rounded to the nearest dollar.
You may also click here to access a different calculator which does not round the amounts. |
|
Used vs. New Car
True Cost of a Car
Car Comparison
True Cost to Own a Car
If the above link doesn't work, use the calculator below as a temporary alternative:
Buy a Car Project
The True Cost of Owning a Car
Sticker price is only the beginning. Fill in the details below to see what your vehicle will really cost you over five years.
1. Your Vehicle
Start with the basics of the car you're researching.
$
%
2. Financing
How will you pay? Most buyers use an auto loan.
$
%
%
$
3. Driving & Upkeep
How you drive it and what it costs to keep running.
$
$
$
5-Year True Cost of Ownership
$0
for the vehicle
Monthly Payment
$0
Cost per Mile
$0.00
How this works: Estimates are based on common assumptions used by Edmunds,
Kelley Blue Book, and AAA. Depreciation uses your projected resale value. Financing uses
standard amortization. Fuel = (annual miles ÷ MPG) × gas price. Real-world costs will vary
with your driving habits, location, credit score, and insurance provider — this tool is
meant to help you compare cars and understand the categories of ownership cost, not predict
exact totals.