Used 2017 Chevrolet Corvette Cost to Own

Total 5-Year Ownership Costs

Corvette Coupe

Grand Sport 2dr Coupe w/2LT (6.2L 8cyl 7M)

True Cost to Own

$70,201*

Total Cash Price

$54,581

Grand Sport 2dr Coupe w/3LT (6.2L 8cyl 7M)

True Cost to Own

$70,961*

Total Cash Price

$55,792

Stingray 2dr Coupe w/1LT (6.2L 8cyl 7M)

True Cost to Own

$62,556*

Total Cash Price

$45,497

Grand Sport 2dr Coupe w/1LT (6.2L 8cyl 7M)

True Cost to Own

$69,121*

Total Cash Price

$53,142

Stingray Z51 2dr Coupe w/2LT (6.2L 8cyl 7M)

True Cost to Own

$67,133*

Total Cash Price

$51,194

Stingray 2dr Coupe w/2LT (6.2L 8cyl 7M)

True Cost to Own

$64,022*

Total Cash Price

$47,525

Stingray Z51 2dr Coupe w/1LT (6.2L 8cyl 7M)

True Cost to Own

$65,151*

Total Cash Price

$48,213

Stingray Z51 2dr Coupe w/3LT (6.2L 8cyl 7M)

True Cost to Own

$68,716*

Total Cash Price

$53,634

Z06 2dr Coupe w/3LZ (6.2L 8cyl S/C 7M)

True Cost to Own

$82,930*

Total Cash Price

$68,383

Stingray 2dr Coupe w/3LT (6.2L 8cyl 7M)

True Cost to Own

$66,360*

Total Cash Price

$51,135

Z06 2dr Coupe w/1LZ (6.2L 8cyl S/C 7M)

True Cost to Own

$78,958*

Total Cash Price

$62,795

Z06 2dr Coupe w/2LZ (6.2L 8cyl S/C 7M)

True Cost to Own

$81,251*

Total Cash Price

$65,935

Corvette Convertible

Grand Sport 2dr Convertible w/3LT (6.2L 8cyl 7M)

True Cost to Own

$71,526*

Total Cash Price

$56,499

Grand Sport 2dr Convertible w/2LT (6.2L 8cyl 7M)

True Cost to Own

$71,220*

Total Cash Price

$56,083

Stingray 2dr Convertible w/3LT (6.2L 8cyl 7M)

True Cost to Own

$67,903*

Total Cash Price

$53,327

Stingray Z51 2dr Convertible w/2LT (6.2L 8cyl 7M)

True Cost to Own

$69,583*

Total Cash Price

$54,877

Stingray 2dr Convertible w/2LT (6.2L 8cyl 7M)

True Cost to Own

$65,962*

Total Cash Price

$50,426

Stingray Z51 2dr Convertible w/3LT (6.2L 8cyl 7M)

True Cost to Own

$69,327*

Total Cash Price

$54,435

Stingray 2dr Convertible w/1LT (6.2L 8cyl 7M)

True Cost to Own

$64,159*

Total Cash Price

$47,706

Grand Sport 2dr Convertible w/1LT (6.2L 8cyl 7M)

True Cost to Own

$68,302*

Total Cash Price

$51,670

Stingray Z51 2dr Convertible w/1LT (6.2L 8cyl 7M)

True Cost to Own

$67,255*

Total Cash Price

$51,380

Corvette Z06

Z06 2dr Convertible w/2LZ (6.2L 8cyl S/C 7M)

True Cost to Own

$80,776*

Total Cash Price

$65,733

Z06 2dr Convertible w/3LZ (6.2L 8cyl S/C 7M)

True Cost to Own

$84,966*

Total Cash Price

$72,101

Z06 2dr Convertible w/1LZ (6.2L 8cyl S/C 7M)

True Cost to Own

$78,547*

Total Cash Price

$62,310

Ownership Costs: 5-Year Total

Depreciation

$23,128

Taxes & Fees

$3,048

Financing

$9,922

Fuel

$12,064

Insurance

$5,463

Repairs

$5,470

Maintenance

$11,106

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Coupe Grand Sport 2dr Coupe w/2LT (6.2L 8cyl 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,029$1,060$1,092$1,124$1,158$5,463
Maintenance$3,201$1,063$2,718$476$3,648$11,106
Repairs$789$914$1,068$1,246$1,453$5,470
Taxes & Fees$2,884$41$41$41$41$3,048
Financing$3,394$2,742$2,039$1,282$465$9,922
Depreciation$7,724$4,468$3,986$3,623$3,327$23,128
Fuel$2,272$2,340$2,411$2,483$2,558$12,064
True Cost to Own®$21,293$12,628$13,355$10,275$12,650$70,201

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Coupe Grand Sport 2dr Coupe w/3LT (6.2L 8cyl 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,022$1,053$1,084$1,117$1,150$5,426
Maintenance$3,201$1,063$2,718$476$3,648$11,106
Repairs$789$914$1,068$1,246$1,453$5,470
Taxes & Fees$2,947$41$41$41$41$3,111
Financing$3,470$2,802$2,085$1,310$476$10,143
Depreciation$7,895$4,567$4,075$3,703$3,401$23,641
Fuel$2,272$2,340$2,411$2,483$2,558$12,064
True Cost to Own®$21,596$12,780$13,482$10,376$12,727$70,961

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Coupe Stingray 2dr Coupe w/1LT (6.2L 8cyl 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,004$1,034$1,065$1,097$1,130$5,330
Maintenance$2,433$1,063$2,718$476$2,880$9,570
Repairs$789$914$1,068$1,246$1,453$5,470
Taxes & Fees$2,412$41$41$41$41$2,576
Financing$2,829$2,286$1,700$1,068$388$8,271
Depreciation$6,437$3,723$3,322$3,020$2,773$19,275
Fuel$2,272$2,340$2,411$2,483$2,558$12,064
True Cost to Own®$18,176$11,401$12,325$9,431$11,223$62,556

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Coupe Grand Sport 2dr Coupe w/1LT (6.2L 8cyl 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,004$1,034$1,065$1,097$1,130$5,330
Maintenance$3,201$1,063$2,718$476$3,648$11,106
Repairs$789$914$1,068$1,246$1,453$5,470
Taxes & Fees$2,809$41$41$41$41$2,973
Financing$3,305$2,670$1,985$1,248$453$9,661
Depreciation$7,520$4,350$3,881$3,527$3,239$22,517
Fuel$2,272$2,340$2,411$2,483$2,558$12,064
True Cost to Own®$20,900$12,412$13,169$10,118$12,522$69,121

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Coupe Stingray Z51 2dr Coupe w/2LT (6.2L 8cyl 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,028$1,059$1,091$1,123$1,157$5,458
Maintenance$2,784$1,063$2,718$476$3,230$10,271
Repairs$789$914$1,068$1,246$1,453$5,470
Taxes & Fees$2,708$41$41$41$41$2,872
Financing$3,184$2,572$1,912$1,202$437$9,307
Depreciation$7,244$4,190$3,739$3,398$3,120$21,691
Fuel$2,272$2,340$2,411$2,483$2,558$12,064
True Cost to Own®$20,009$12,179$12,980$9,969$11,996$67,133

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Coupe Stingray 2dr Coupe w/2LT (6.2L 8cyl 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,029$1,060$1,092$1,124$1,158$5,463
Maintenance$2,433$1,063$2,718$476$2,880$9,570
Repairs$789$914$1,068$1,246$1,453$5,470
Taxes & Fees$2,517$41$41$41$41$2,681
Financing$2,956$2,387$1,775$1,116$406$8,640
Depreciation$6,724$3,890$3,470$3,154$2,896$20,134
Fuel$2,272$2,340$2,411$2,483$2,558$12,064
True Cost to Own®$18,720$11,695$12,575$9,640$11,392$64,022

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Coupe Stingray Z51 2dr Coupe w/1LT (6.2L 8cyl 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,024$1,055$1,086$1,119$1,153$5,437
Maintenance$2,784$1,063$2,718$476$3,230$10,271
Repairs$789$914$1,068$1,246$1,453$5,470
Taxes & Fees$2,553$41$41$41$41$2,717
Financing$2,998$2,422$1,802$1,132$411$8,765
Depreciation$6,822$3,946$3,521$3,200$2,938$20,427
Fuel$2,272$2,340$2,411$2,483$2,558$12,064
True Cost to Own®$19,242$11,781$12,647$9,697$11,784$65,151

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Coupe Stingray Z51 2dr Coupe w/3LT (6.2L 8cyl 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,024$1,055$1,086$1,119$1,153$5,437
Maintenance$2,784$1,063$2,718$476$3,230$10,271
Repairs$789$914$1,068$1,246$1,453$5,470
Taxes & Fees$2,835$41$41$41$41$2,999
Financing$3,335$2,695$2,003$1,260$457$9,750
Depreciation$7,589$4,390$3,917$3,560$3,269$22,725
Fuel$2,272$2,340$2,411$2,483$2,558$12,064
True Cost to Own®$20,628$12,498$13,244$10,185$12,161$68,716

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Coupe Z06 2dr Coupe w/3LZ (6.2L 8cyl S/C 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,244$1,281$1,320$1,359$1,400$6,604
Maintenance$3,723$1,073$2,909$567$4,344$12,616
Repairs$836$968$1,131$1,320$1,541$5,796
Taxes & Fees$3,601$41$41$41$41$3,765
Financing$4,253$3,435$2,555$1,605$584$12,432
Depreciation$9,678$5,599$4,995$4,540$4,169$28,981
Fuel$2,399$2,471$2,545$2,621$2,700$12,736
True Cost to Own®$25,734$14,868$15,496$12,053$14,779$82,930

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Coupe Stingray 2dr Coupe w/3LT (6.2L 8cyl 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,022$1,053$1,084$1,117$1,150$5,426
Maintenance$2,433$1,063$2,718$476$2,880$9,570
Repairs$789$914$1,068$1,246$1,453$5,470
Taxes & Fees$2,705$41$41$41$41$2,869
Financing$3,180$2,569$1,910$1,201$436$9,296
Depreciation$7,235$4,185$3,734$3,394$3,117$21,665
Fuel$2,272$2,340$2,411$2,483$2,558$12,064
True Cost to Own®$19,636$12,165$12,966$9,958$11,635$66,360

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Coupe Z06 2dr Coupe w/1LZ (6.2L 8cyl S/C 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,188$1,224$1,260$1,298$1,337$6,307
Maintenance$3,723$1,073$2,909$567$4,344$12,616
Repairs$836$968$1,131$1,320$1,541$5,796
Taxes & Fees$3,311$41$41$41$41$3,475
Financing$3,905$3,155$2,346$1,474$536$11,416
Depreciation$8,887$5,141$4,587$4,169$3,828$26,612
Fuel$2,399$2,471$2,545$2,621$2,700$12,736
True Cost to Own®$24,249$14,073$14,819$11,490$14,327$78,958

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Coupe Z06 2dr Coupe w/2LZ (6.2L 8cyl S/C 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,231$1,268$1,306$1,345$1,386$6,536
Maintenance$3,723$1,073$2,909$567$4,344$12,616
Repairs$836$968$1,131$1,320$1,541$5,796
Taxes & Fees$3,474$41$41$41$41$3,638
Financing$4,100$3,313$2,463$1,548$562$11,986
Depreciation$9,332$5,398$4,816$4,377$4,020$27,943
Fuel$2,399$2,471$2,545$2,621$2,700$12,736
True Cost to Own®$25,095$14,532$15,211$11,819$14,594$81,251

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Convertible Grand Sport 2dr Convertible w/3LT (6.2L 8cyl 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,041$1,072$1,104$1,138$1,172$5,527
Maintenance$3,201$1,063$2,718$476$3,648$11,106
Repairs$789$914$1,068$1,246$1,453$5,470
Taxes & Fees$2,984$41$41$41$41$3,148
Financing$3,514$2,838$2,111$1,326$482$10,271
Depreciation$7,995$4,625$4,126$3,750$3,444$23,940
Fuel$2,272$2,340$2,411$2,483$2,558$12,064
True Cost to Own®$21,796$12,893$13,579$10,460$12,798$71,526

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Convertible Grand Sport 2dr Convertible w/2LT (6.2L 8cyl 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,035$1,066$1,098$1,131$1,165$5,495
Maintenance$3,201$1,063$2,718$476$3,648$11,106
Repairs$789$914$1,068$1,246$1,453$5,470
Taxes & Fees$2,962$41$41$41$41$3,126
Financing$3,488$2,817$2,095$1,317$478$10,195
Depreciation$7,936$4,591$4,096$3,723$3,418$23,764
Fuel$2,272$2,340$2,411$2,483$2,558$12,064
True Cost to Own®$21,683$12,832$13,527$10,417$12,761$71,220

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Convertible Stingray 2dr Convertible w/3LT (6.2L 8cyl 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,041$1,072$1,104$1,138$1,172$5,527
Maintenance$2,433$1,063$2,718$476$2,880$9,570
Repairs$789$914$1,068$1,246$1,453$5,470
Taxes & Fees$2,819$41$41$41$41$2,983
Financing$3,316$2,679$1,993$1,252$454$9,694
Depreciation$7,546$4,365$3,894$3,540$3,250$22,595
Fuel$2,272$2,340$2,411$2,483$2,558$12,064
True Cost to Own®$20,216$12,474$13,229$10,176$11,808$67,903

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Convertible Stingray Z51 2dr Convertible w/2LT (6.2L 8cyl 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,033$1,064$1,096$1,129$1,163$5,485
Maintenance$2,784$1,063$2,718$476$3,230$10,271
Repairs$789$914$1,068$1,246$1,453$5,470
Taxes & Fees$2,899$41$41$41$41$3,063
Financing$3,413$2,757$2,050$1,288$468$9,976
Depreciation$7,766$4,492$4,008$3,643$3,345$23,254
Fuel$2,272$2,340$2,411$2,483$2,558$12,064
True Cost to Own®$20,956$12,671$13,392$10,306$12,258$69,583

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Convertible Stingray 2dr Convertible w/2LT (6.2L 8cyl 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,035$1,066$1,098$1,131$1,165$5,495
Maintenance$2,433$1,063$2,718$476$2,880$9,570
Repairs$789$914$1,068$1,246$1,453$5,470
Taxes & Fees$2,668$41$41$41$41$2,832
Financing$3,136$2,533$1,884$1,184$430$9,167
Depreciation$7,135$4,127$3,682$3,347$3,073$21,364
Fuel$2,272$2,340$2,411$2,483$2,558$12,064
True Cost to Own®$19,468$12,084$12,902$9,908$11,600$65,962

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Convertible Stingray Z51 2dr Convertible w/3LT (6.2L 8cyl 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,040$1,071$1,103$1,136$1,171$5,521
Maintenance$2,784$1,063$2,718$476$3,230$10,271
Repairs$789$914$1,068$1,246$1,453$5,470
Taxes & Fees$2,876$41$41$41$41$3,040
Financing$3,385$2,735$2,033$1,279$464$9,896
Depreciation$7,703$4,456$3,975$3,613$3,318$23,065
Fuel$2,272$2,340$2,411$2,483$2,558$12,064
True Cost to Own®$20,849$12,620$13,349$10,274$12,235$69,327

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Convertible Stingray 2dr Convertible w/1LT (6.2L 8cyl 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,032$1,063$1,095$1,128$1,162$5,480
Maintenance$2,433$1,063$2,718$476$2,880$9,570
Repairs$789$914$1,068$1,246$1,453$5,470
Taxes & Fees$2,527$41$41$41$41$2,691
Financing$2,967$2,396$1,783$1,120$407$8,673
Depreciation$6,750$3,904$3,484$3,166$2,907$20,211
Fuel$2,272$2,340$2,411$2,483$2,558$12,064
True Cost to Own®$18,770$11,721$12,600$9,660$11,408$64,159

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Convertible Grand Sport 2dr Convertible w/1LT (6.2L 8cyl 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,032$1,063$1,095$1,128$1,162$5,480
Maintenance$3,201$1,063$2,718$476$3,648$11,106
Repairs$789$914$1,068$1,246$1,453$5,470
Taxes & Fees$2,733$41$41$41$41$2,897
Financing$3,213$2,596$1,930$1,214$440$9,393
Depreciation$7,311$4,229$3,773$3,430$3,149$21,892
Fuel$2,272$2,340$2,411$2,483$2,558$12,064
True Cost to Own®$20,551$12,246$13,036$10,018$12,451$68,302

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Convertible Stingray Z51 2dr Convertible w/1LT (6.2L 8cyl 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,028$1,059$1,091$1,123$1,157$5,458
Maintenance$2,784$1,063$2,718$476$3,230$10,271
Repairs$789$914$1,068$1,246$1,453$5,470
Taxes & Fees$2,718$41$41$41$41$2,882
Financing$3,195$2,581$1,920$1,206$439$9,341
Depreciation$7,270$4,205$3,752$3,410$3,132$21,769
Fuel$2,272$2,340$2,411$2,483$2,558$12,064
True Cost to Own®$20,056$12,203$13,001$9,985$12,010$67,255

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Z06 Z06 2dr Convertible w/2LZ (6.2L 8cyl S/C 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,167$1,202$1,238$1,275$1,313$6,195
Maintenance$3,723$1,073$2,909$567$4,344$12,616
Repairs$836$968$1,131$1,320$1,541$5,796
Taxes & Fees$3,463$41$41$41$41$3,627
Financing$4,088$3,302$2,456$1,543$561$11,950
Depreciation$9,303$5,381$4,801$4,364$4,007$27,856
Fuel$2,399$2,471$2,545$2,621$2,700$12,736
True Cost to Own®$24,979$14,438$15,121$11,731$14,507$80,776

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Z06 Z06 2dr Convertible w/3LZ (6.2L 8cyl S/C 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,167$1,202$1,238$1,275$1,313$6,195
Maintenance$3,723$1,073$2,909$567$4,344$12,616
Repairs$836$968$1,131$1,320$1,541$5,796
Taxes & Fees$3,794$41$41$41$41$3,958
Financing$4,484$3,622$2,694$1,693$614$13,107
Depreciation$10,205$5,903$5,267$4,787$4,396$30,558
Fuel$2,399$2,471$2,545$2,621$2,700$12,736
True Cost to Own®$26,608$15,280$15,825$12,304$14,949$84,966

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Z06 Z06 2dr Convertible w/1LZ (6.2L 8cyl S/C 7M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,171$1,206$1,242$1,280$1,318$6,217
Maintenance$3,723$1,073$2,909$567$4,344$12,616
Repairs$836$968$1,131$1,320$1,541$5,796
Taxes & Fees$3,286$41$41$41$41$3,450
Financing$3,875$3,130$2,328$1,463$531$11,327
Depreciation$8,818$5,101$4,551$4,137$3,798$26,405
Fuel$2,399$2,471$2,545$2,621$2,700$12,736
True Cost to Own®$24,108$13,990$14,747$11,429$14,273$78,547

*Based on a 5-year estimate with 15,000 miles driven per year.

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True Cost To Own®

Edmunds.com's True Cost to Own® (TCO®) is proprietary data that helps you estimate the total five-year cost of buying and owning a vehicle — including some items you may not have taken into consideration. A benefit of using our TCO® tool is that you can easily compare the five-year totals for different vehicles and make a more informed choice.

The components of TCO® are depreciation, interest on financing, taxes and fees, insurance premiums, fuel, maintenance, repairs and any federal tax credit that may be available. In order to estimate certain mileage-dependent costs, we assume that vehicles will be driven 15,000 miles per year. For a used vehicle, we calculate the years the vehicle has been driven using the nominal difference between the current calendar year and the vehicle's model year, and assume that it was driven 15,000 miles during each of those years.

Note that TCO® is a comparative tool, not a predictive tool — your actual five-year cost of owning a particular vehicle will vary depending on your personal circumstances, such as your driving history and the number of miles you drive.

How We Calculate True Cost to Own®

The True Cost to Own® calculations use the following set of assumptions:

  • Ownership expenses are estimated for a five-year period
  • You will drive 15,000 miles per year
  • You are financing the vehicle using traditional financing, not lease financing
  • You have an above-average credit rating for the purpose of determining your finance rate
  • You are making a 10% down payment on the vehicle at purchase
  • Your loan term is 60 months

Using proprietary formulas, we calculate the five-year costs for the seven cost categories that make up the TCO® (depreciation, insurance, financing, taxes & fees, fuel, maintenance and repairs). We also take into account any applicable federal tax credit.

Explanation of True Cost to Own® Terms

Total Cash Price

For new vehicles, the Total Cash Price displayed is the vehicle's True Market Value® (TMV®) price plus typically equipped options, destination charge, base tax and fees assessed by your state, and, if applicable, gas guzzler tax; less any widely available manufacturer-to-customer cash rebates. (However, we do not account for other types of cash rebates or incentives because of the variability of those offers and their eligibility requirements.) For used vehicles, the Total Cash Price shown is the sum of the vehicle's Private Party TMV® price in "clean" condition plus typically equipped options, and base tax and fees assessed by your state.

Depreciation

This is the amount by which the value of a vehicle declines from its purchase price to its estimated resale value. The purchase price employed is the vehicle's Total Cash Price, minus any taxes and fees included in that amount. We estimate the resale value assuming the vehicle will be in "clean" condition, will be driven 15,000 miles per year, and will be sold to a private party.

Insurance

This is the estimated average annual insurance premium in your state. The premium has been determined based on annual premium data for defined driver profiles and coverages (liability, comprehensive and collision) from a major national insurer. While this information is specific to vehicle make, model, model year and body type, your personal information is not taken into consideration and could greatly alter the actual premium quoted by an insurer. Factors that will affect your rate include your age, marital status, credit history, driving record, and the garaging address of your vehicle.

Financing

This is the interest expense on a loan in the amount of the Total Cash Price, assuming a 10% down payment and a loan term of 60 months. The interest rate used is the prevailing rate that banks and other direct automotive lenders are currently charging consumers in your geographic region who have above average credit scores.

Note: Even if you do not finance your vehicle, the inclusion of financing cost in determining True Cost to Own® is still appropriate because it reflects the estimated "opportunity cost" (i.e., the amount you may earn) if you invest the Purchase Price instead of using it to purchase the vehicle.

Taxes & Fees

This consists of the base sales (or use) taxes, license and registration fees in your state, and gas guzzler tax if applicable. These taxes and fees are often based on a percentage of the purchase price, and generally decrease as the vehicle ages and loses its value.

Note: the state sales/use tax rate that we use includes the average local and county taxes assessed in that state.

Fuel

This expense is based on the revised EPA mileage ratings, assuming consumption consists of 45% highway and 55% city driving and that the vehicle is equipped with the transmission that is standard equipment for that vehicle. Cost estimates are based on the current one-year moving average of self-service prices in your state, using regular unleaded gasoline for vehicles whose manufacturers require regular; premium unleaded gasoline for vehicles whose manufacturers recommend or require premium; or diesel fuel for diesel vehicles.

Maintenance

This is the estimated expense of the two types of maintenance: scheduled and unscheduled. Scheduled maintenance is the performance of factory-recommended items at periodic mileage and/or calendar intervals. Unscheduled maintenance includes wheel alignment and the replacement of items such as the battery, brakes, headlamps, hoses, exhaust system parts, taillight/turn signal bulbs, tires and wiper blades/inserts. Estimated tire replacement costs are supplied to Edmunds.com by The Tire Rack, Inc.

Repairs

This is the estimated expense for repairs not covered by the vehicle manufacturer's warranties over the five years from the date of purchase, assuming 15,000 miles are driven annually. We estimate this expense based on the cost of a typical "zero deductible" extended warranty for the vehicle, minus the estimated amount of that cost that consists of the warranty provider's overhead and profit.

Federal Tax Credits

This is the tax credit that is provided for under the Energy Policy Act of 2005. A tax credit is subtracted directly from the total amount of federal tax you owe. The tax credit is for electric fuel vehicles.

The credit is only available to the original purchaser of a new, qualifying vehicle, and is subject to certain "phase out" rules that we take into consideration when computing TCO®. If a qualifying vehicle is leased to a consumer, the leasing company may claim the credit.



Edmunds Insurance Estimator

The Edmunds TCO® estimated monthly insurance payment for a 2017 Chevrolet Corvette in Virginia is:

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