Estimate the full cost of owning an item over its life.
Total cost of ownership adds all recurring costs over the ownership period to the purchase price and subtracts resale value. Recurring costs frequently exceed the purchase price, so TCO is the honest comparison between alternatives.
Total Cost of Ownership
TCO = purchase + (maintenance + insurance + fuel) x years - resale
TCO = purchase + (maintenance + insurance + fuel) x years - resale Total cost of ownership adds all recurring costs over the ownership period to the purchase price and subtracts resale value.
Recurring costs frequently exceed the purchase price, so TCO is the honest comparison between alternatives.
This calculator takes 6 inputs: Purchase price, Maintenance per year, Insurance per year, Fuel/energy per year, Years owned, Estimated resale value. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.