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Car
Cost Comparison Calculator
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| 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:
To calculatete the cost of buying and owning one particular
vehicle, click on the "Single Scenario Calculation" radio button,
fill in the left-hand column with the vehicle data and then click
the "Compute Purchase & Ownership Costs" button. To compare
buying and owning one vehicle with another, click on the "Double
Scenario Calculation" radio button, fill in the both columns with
each vehicle's data and then click the "Compute Purchase &
Ownership Costs" button. If both vehicles have similar data, you
can fill in the first column with the "Single Scenario Calculation"
radio button selected, and then click on the "Copy Scenerio #1
Entries to Scenario #2" button to fill in the right-hand column
(be sure to switch to the "Double Scenario Calculation"). Then
just change any cells that are different before computing.
NOTE:
Be sure to enter "0" (zero) in any entry boxes that don't apply
to you. Also be sure that only numbers and decimal points are
entered into the fields (dollar signs and other non-numeric characters
will cause a JavaScript error).
Single Scenario Calculation
Double Scenario Calculation
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Description
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Car
Buying
Scenario #1
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Car
Buying
Scenario #2
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| Enter
the total price of the car, including options: |
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| Enter
the applicable sales-tax percentage: |
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| Enter
the annual cost of licensing this vehicle: |
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| Enter
the cost of the extended warranty, if applicable: |
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| Will
you be financing this vehicle? ("y" or "n"): |
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| Enter
the amount of your down-payment: |
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| Enter
the financing rate (Annual Percentage Rate): |
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| Enter
the number of months financed: |
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| Enter
annual insurance premium: |
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| Enter
the number of miles you expect to drive this car per year: |
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| Enter
the vehicle's estimated Miles Per Gallon rating: |
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| Enter
the local cost of one gallon of gasoline: |
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| How
many years old is the car?: |
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| How
many years do you expect to own this car?: |
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| Enter
an estimated monthly maintenance and repair cost: |
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| Tax,
License, and Extended Warranty Costs: |
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| Depreciation
Costs: |
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| Finance
Costs: |
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| Insurance
Costs: |
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| Fuel
Costs: |
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| Maintenance
& Repair Costs: |
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| Total
cost of buying and owning the car: |
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| Annual
cost to own and operate this vehicle: |
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| Cost
per mile: |
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Summary:
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Today is:
