True Cost of Ownership Calculator
Your car payment is only part of the story. See the real cost per year and per mile once depreciation, fuel, insurance, maintenance and interest are added in.
Your numbers
True cost per year
$9,607
Cost per mile
$0.8
Cost per month
$801
Insight — For most owners, depreciation is the largest line — often more than fuel and insurance combined — yet it never shows up on a monthly bill. Insurance is the cost you can change fastest without selling the car.
What if Annual mileage changes?
| Annual mileage | True cost per year |
|---|---|
| 6,000 mi | $8,879 |
| 9,000 mi | $9,243 |
| 12,000 mi · now | $9,607 |
| 15,000 mi | $9,972 |
| 20,000 mi | $10,579 |
Shop your insurance the smart way
Know your benchmark here, then compare real quotes from several carriers — prices for the same driver vary a lot.
Explore insurance toolsFree · No sign-up · Independent, source-based math
For context: AAA's annual driving-cost studies put all-in ownership for a typical sedan around $0.70–$0.90 per mile once depreciation is counted — roughly double what drivers estimate when they only think about gas. Run your own numbers above.
Good to know
Clear, practical answers about the total cost of ownership calculator.
What is total cost of ownership for a car?＋
It's the full cost of keeping a car on the road — depreciation, fuel, insurance, maintenance and repairs, and financing interest — not just the monthly payment. Adding these together is the only honest way to compare two vehicles or decide what you can really afford.
What is the biggest cost of owning a car?＋
For most newer cars it's depreciation, followed by fuel and insurance. Because depreciation is invisible month to month, drivers routinely underestimate their true cost — this tool surfaces it as a per-year and per-mile figure.
How is cost per mile calculated?＋
Total yearly cost is divided by the miles you drive per year. Driving more spreads the fixed costs (depreciation, insurance) across more miles, lowering cost per mile — but raises fuel and maintenance in absolute dollars.
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