Used 2017 Chevrolet Corvette Cost to Own

Total 5-Year Ownership Costs

Near ZIP

Corvette Z06

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

True Cost to Own

$71,048*

Total Cash Price

$49,217

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

True Cost to Own

$96,238*

Total Cash Price

$66,667

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

True Cost to Own

$72,340*

Total Cash Price

$50,112

Corvette Coupe

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

True Cost to Own

$68,464*

Total Cash Price

$47,428

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

True Cost to Own

$68,464*

Total Cash Price

$47,428

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

True Cost to Own

$93,654*

Total Cash Price

$64,877

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

True Cost to Own

$71,694*

Total Cash Price

$49,665

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

True Cost to Own

$78,153*

Total Cash Price

$54,139

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

True Cost to Own

$74,923*

Total Cash Price

$51,902

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

True Cost to Own

$67,173*

Total Cash Price

$46,533

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

True Cost to Own

$77,507*

Total Cash Price

$53,692

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

True Cost to Own

$64,589*

Total Cash Price

$44,743

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

True Cost to Own

$68,464*

Total Cash Price

$47,428

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

True Cost to Own

$89,133*

Total Cash Price

$61,745

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

True Cost to Own

$92,362*

Total Cash Price

$63,982

Corvette Convertible

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

True Cost to Own

$70,402*

Total Cash Price

$48,770

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

True Cost to Own

$81,382*

Total Cash Price

$56,376

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

True Cost to Own

$90,425*

Total Cash Price

$62,640

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

True Cost to Own

$67,173*

Total Cash Price

$46,533

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

True Cost to Own

$78,799*

Total Cash Price

$54,586

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

True Cost to Own

$67,818*

Total Cash Price

$46,980

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

True Cost to Own

$65,881*

Total Cash Price

$45,638

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

True Cost to Own

$94,946*

Total Cash Price

$65,772

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

True Cost to Own

$69,110*

Total Cash Price

$47,875

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Z06 Z06 w/1LZ 2dr Convertible (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$1,132$1,166$1,201$1,236$1,274$6,009
Maintenance$944$3,794$1,547$3,412$4,409$14,105
Repairs$607$882$1,030$1,202$1,403$5,124
Taxes & Fees$2,610$45$45$45$45$2,791
Financing$2,647$2,129$1,576$986$356$7,693
Depreciation$8,036$3,919$3,497$3,178$2,918$21,548
Fuel$2,595$2,673$2,753$2,836$2,921$13,778
True Cost to Own®$18,570$14,608$11,649$12,895$13,325$71,048

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Z06 Z06 w/2LZ 2dr Convertible (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$1,533$1,579$1,627$1,675$1,725$8,140
Maintenance$1,278$5,139$2,095$4,622$5,972$19,106
Repairs$822$1,195$1,395$1,629$1,900$6,940
Taxes & Fees$3,536$61$61$61$61$3,780
Financing$3,585$2,883$2,135$1,335$483$10,421
Depreciation$10,884$5,309$4,737$4,305$3,953$29,188
Fuel$3,515$3,621$3,729$3,841$3,956$18,662
True Cost to Own®$25,154$19,787$15,779$17,467$18,050$96,238

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Z06 Z06 w/3LZ 2dr Convertible (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$1,152$1,187$1,223$1,259$1,297$6,119
Maintenance$961$3,863$1,575$3,474$4,489$14,362
Repairs$618$898$1,048$1,224$1,428$5,217
Taxes & Fees$2,658$46$46$46$46$2,841
Financing$2,695$2,167$1,605$1,004$363$7,833
Depreciation$8,182$3,991$3,560$3,236$2,971$21,940
Fuel$2,642$2,722$2,803$2,887$2,974$14,028
True Cost to Own®$18,908$14,874$11,861$13,130$13,568$72,340

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,091$1,124$1,158$1,191$1,227$5,791
Maintenance$909$3,656$1,490$3,288$4,248$13,592
Repairs$585$850$992$1,159$1,352$4,937
Taxes & Fees$2,515$43$43$43$43$2,689
Financing$2,550$2,051$1,519$950$343$7,414
Depreciation$7,743$3,777$3,370$3,062$2,812$20,764
Fuel$2,501$2,576$2,653$2,733$2,814$13,277
True Cost to Own®$17,895$14,077$11,225$12,426$12,841$68,464

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,091$1,124$1,158$1,191$1,227$5,791
Maintenance$909$3,656$1,490$3,288$4,248$13,592
Repairs$585$850$992$1,159$1,352$4,937
Taxes & Fees$2,515$43$43$43$43$2,689
Financing$2,550$2,051$1,519$950$343$7,414
Depreciation$7,743$3,777$3,370$3,062$2,812$20,764
Fuel$2,501$2,576$2,653$2,733$2,814$13,277
True Cost to Own®$17,895$14,077$11,225$12,426$12,841$68,464

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,492$1,537$1,583$1,630$1,679$7,921
Maintenance$1,244$5,001$2,039$4,498$5,812$18,593
Repairs$800$1,163$1,357$1,585$1,849$6,754
Taxes & Fees$3,441$59$59$59$59$3,679
Financing$3,489$2,806$2,078$1,299$470$10,141
Depreciation$10,592$5,166$4,610$4,189$3,847$28,404
Fuel$3,421$3,524$3,629$3,738$3,850$18,161
True Cost to Own®$24,479$19,256$15,356$16,998$17,565$93,654

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,142$1,177$1,212$1,248$1,285$6,064
Maintenance$952$3,828$1,561$3,443$4,449$14,234
Repairs$613$890$1,039$1,213$1,415$5,170
Taxes & Fees$2,634$46$46$46$46$2,816
Financing$2,671$2,148$1,591$995$360$7,763
Depreciation$8,109$3,955$3,529$3,207$2,945$21,744
Fuel$2,618$2,697$2,778$2,862$2,947$13,903
True Cost to Own®$18,739$14,741$11,755$13,013$13,447$71,694

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,245$1,283$1,321$1,360$1,401$6,610
Maintenance$1,038$4,173$1,701$3,753$4,850$15,516
Repairs$668$970$1,133$1,323$1,543$5,636
Taxes & Fees$2,871$50$50$50$50$3,070
Financing$2,911$2,341$1,734$1,084$392$8,463
Depreciation$8,839$4,311$3,847$3,496$3,210$23,703
Fuel$2,854$2,940$3,029$3,119$3,213$15,155
True Cost to Own®$20,427$16,069$12,814$14,185$14,658$78,153

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,194$1,230$1,267$1,304$1,343$6,337
Maintenance$995$4,001$1,631$3,598$4,649$14,875
Repairs$640$930$1,086$1,268$1,479$5,403
Taxes & Fees$2,753$48$48$48$48$2,943
Financing$2,791$2,245$1,662$1,039$376$8,113
Depreciation$8,474$4,133$3,688$3,351$3,077$22,723
Fuel$2,736$2,819$2,903$2,990$3,080$14,529
True Cost to Own®$19,583$15,405$12,284$13,599$14,052$74,923

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Coupe Z06 w/2LZ 2dr Coupe (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$1,070$1,102$1,136$1,169$1,204$5,682
Maintenance$892$3,587$1,462$3,226$4,168$13,336
Repairs$574$834$973$1,137$1,326$4,844
Taxes & Fees$2,468$43$43$43$43$2,638
Financing$2,502$2,012$1,490$932$337$7,274
Depreciation$7,597$3,706$3,306$3,005$2,759$20,373
Fuel$2,453$2,527$2,603$2,681$2,761$13,026
True Cost to Own®$17,557$13,811$11,014$12,192$12,599$67,173

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Coupe Z06 w/3LZ 2dr Coupe (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$1,235$1,272$1,310$1,349$1,390$6,556
Maintenance$1,030$4,139$1,687$3,722$4,810$15,388
Repairs$662$962$1,123$1,312$1,530$5,590
Taxes & Fees$2,848$49$49$49$49$3,044
Financing$2,887$2,322$1,720$1,075$389$8,393
Depreciation$8,766$4,276$3,815$3,467$3,184$23,507
Fuel$2,831$2,916$3,004$3,094$3,186$15,030
True Cost to Own®$20,258$15,936$12,708$14,068$14,537$77,507
Ownership Costs: 5-Year Total

Depreciation

$19,589

Taxes & Fees

$2,537

Financing

$6,994

Fuel

$12,525

Insurance

$5,463

Repairs

$4,658

Maintenance

$12,823

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Coupe Grand Sport w/2LT 2dr Coupe (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$858$3,449$1,406$3,102$4,008$12,823
Repairs$552$802$936$1,093$1,275$4,658
Taxes & Fees$2,373$41$41$41$41$2,537
Financing$2,406$1,935$1,433$896$324$6,994
Depreciation$7,305$3,563$3,179$2,889$2,653$19,589
Fuel$2,359$2,430$2,503$2,578$2,655$12,525
True Cost to Own®$16,882$13,280$10,590$11,723$12,114$64,589

Ownership Costs: 5-Year Breakdown

Selected Model:

2017 Corvette Coupe Z06 w/1LZ 2dr Coupe (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$1,091$1,124$1,158$1,191$1,227$5,791
Maintenance$909$3,656$1,490$3,288$4,248$13,592
Repairs$585$850$992$1,159$1,352$4,937
Taxes & Fees$2,515$43$43$43$43$2,689
Financing$2,550$2,051$1,519$950$343$7,414
Depreciation$7,743$3,777$3,370$3,062$2,812$20,764
Fuel$2,501$2,576$2,653$2,733$2,814$13,277
True Cost to Own®$17,895$14,077$11,225$12,426$12,841$68,464

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,420$1,463$1,507$1,551$1,598$7,539
Maintenance$1,184$4,760$1,940$4,281$5,531$17,696
Repairs$762$1,107$1,292$1,508$1,759$6,428
Taxes & Fees$3,275$57$57$57$57$3,501
Financing$3,320$2,670$1,978$1,236$447$9,652
Depreciation$10,081$4,917$4,387$3,987$3,661$27,033
Fuel$3,255$3,353$3,454$3,558$3,664$17,285
True Cost to Own®$23,297$18,326$14,614$16,178$16,717$89,133

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,471$1,516$1,562$1,607$1,656$7,812
Maintenance$1,227$4,932$2,011$4,436$5,731$18,337
Repairs$789$1,147$1,338$1,563$1,823$6,661
Taxes & Fees$3,393$59$59$59$59$3,628
Financing$3,441$2,767$2,049$1,281$463$10,001
Depreciation$10,446$5,095$4,546$4,131$3,794$28,012
Fuel$3,373$3,475$3,579$3,687$3,797$17,911
True Cost to Own®$24,141$18,990$15,144$16,764$17,323$92,362

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,122$1,155$1,190$1,225$1,262$5,955
Maintenance$935$3,759$1,533$3,381$4,369$13,977
Repairs$602$874$1,020$1,191$1,390$5,077
Taxes & Fees$2,587$45$45$45$45$2,765
Financing$2,623$2,109$1,562$977$353$7,623
Depreciation$7,962$3,884$3,465$3,149$2,892$21,352
Fuel$2,571$2,649$2,728$2,810$2,894$13,652
True Cost to Own®$18,401$14,475$11,543$12,778$13,204$70,402

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,297$1,336$1,376$1,416$1,459$6,883
Maintenance$1,081$4,346$1,772$3,909$5,050$16,157
Repairs$696$1,011$1,179$1,377$1,607$5,869
Taxes & Fees$2,990$52$52$52$52$3,197
Financing$3,032$2,438$1,806$1,129$408$8,812
Depreciation$9,204$4,489$4,006$3,640$3,343$24,682
Fuel$2,972$3,062$3,154$3,248$3,345$15,782
True Cost to Own®$21,271$16,733$13,343$14,771$15,264$81,382

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,441$1,484$1,529$1,574$1,621$7,648
Maintenance$1,201$4,829$1,968$4,343$5,611$17,952
Repairs$773$1,123$1,310$1,530$1,785$6,521
Taxes & Fees$3,322$57$57$57$57$3,552
Financing$3,368$2,709$2,006$1,254$454$9,792
Depreciation$10,227$4,988$4,451$4,045$3,714$27,425
Fuel$3,303$3,402$3,504$3,609$3,717$17,535
True Cost to Own®$23,635$18,592$14,826$16,412$16,960$90,425

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,070$1,102$1,136$1,169$1,204$5,682
Maintenance$892$3,587$1,462$3,226$4,168$13,336
Repairs$574$834$973$1,137$1,326$4,844
Taxes & Fees$2,468$43$43$43$43$2,638
Financing$2,502$2,012$1,490$932$337$7,274
Depreciation$7,597$3,706$3,306$3,005$2,759$20,373
Fuel$2,453$2,527$2,603$2,681$2,761$13,026
True Cost to Own®$17,557$13,811$11,014$12,192$12,599$67,173

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,255$1,293$1,332$1,371$1,413$6,665
Maintenance$1,047$4,208$1,715$3,784$4,890$15,644
Repairs$673$978$1,142$1,333$1,556$5,683
Taxes & Fees$2,895$50$50$50$50$3,095
Financing$2,935$2,361$1,748$1,093$395$8,533
Depreciation$8,912$4,347$3,878$3,525$3,237$23,899
Fuel$2,878$2,965$3,054$3,145$3,239$15,281
True Cost to Own®$20,596$16,202$12,920$14,302$14,779$78,799

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,080$1,113$1,147$1,180$1,216$5,736
Maintenance$901$3,621$1,476$3,257$4,208$13,464
Repairs$580$842$983$1,148$1,339$4,891
Taxes & Fees$2,492$43$43$43$43$2,664
Financing$2,526$2,032$1,505$941$340$7,344
Depreciation$7,670$3,741$3,338$3,033$2,786$20,568
Fuel$2,477$2,552$2,628$2,707$2,788$13,151
True Cost to Own®$17,726$13,944$11,120$12,309$12,720$67,818

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,050$1,081$1,114$1,146$1,181$5,572
Maintenance$875$3,518$1,434$3,164$4,088$13,079
Repairs$563$818$955$1,115$1,301$4,751
Taxes & Fees$2,420$42$42$42$42$2,588
Financing$2,454$1,974$1,462$914$330$7,134
Depreciation$7,451$3,634$3,243$2,947$2,706$19,981
Fuel$2,406$2,479$2,553$2,630$2,708$12,776
True Cost to Own®$17,220$13,546$10,802$11,957$12,356$65,881

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,513$1,558$1,605$1,652$1,702$8,031
Maintenance$1,261$5,070$2,067$4,560$5,892$18,850
Repairs$811$1,179$1,376$1,607$1,874$6,847
Taxes & Fees$3,488$60$60$60$60$3,729
Financing$3,537$2,844$2,107$1,317$476$10,281
Depreciation$10,738$5,238$4,673$4,247$3,900$28,796
Fuel$3,468$3,572$3,679$3,790$3,903$18,412
True Cost to Own®$24,817$19,522$15,567$17,233$17,808$94,946

Ownership Costs: 5-Year Breakdown

Selected Model:

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

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$1,101$1,134$1,168$1,203$1,239$5,845
Maintenance$918$3,690$1,504$3,319$4,289$13,721
Repairs$591$858$1,002$1,170$1,364$4,984
Taxes & Fees$2,539$44$44$44$44$2,715
Financing$2,574$2,070$1,533$959$347$7,484
Depreciation$7,816$3,812$3,402$3,091$2,839$20,960
Fuel$2,524$2,600$2,678$2,758$2,841$13,402
True Cost to Own®$18,064$14,210$11,331$12,544$12,962$69,110

*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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