Total the true annual and monthly cost of owning and running a car.
All monthly payments are multiplied by twelve, then yearly registration and depreciation are added to give the true annual cost. Car prices hide the real burden, and the total often surprises people who only track the monthly loan payment.
Car Ownership Cost
Annual cost = monthly costs x 12 + annual registration + depreciation
Annual cost = monthly costs x 12 + annual registration + depreciation All monthly payments are multiplied by twelve, then yearly registration and depreciation are added to give the true annual cost.
Car prices hide the real burden, and the total often surprises people who only track the monthly loan payment.
This calculator takes 6 inputs: Loan payment, Insurance, Fuel, Maintenance, Registration & tax, Depreciation. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.