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 opportunities 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 opportunity with the real cost
of a second car buying opportunity.
Instructions:
Fill in all the blanks in the Opportunity #1 column and then
click on
"Compute Purchase & Ownership Costs."
This will automatically
copy Opportunity #1 values into the Opportunity #2 column. |
Description of Item for Car Purchase |
Opportunity # 1 |
Opportunity # 2 |
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 # 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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