2020 Honda Civic Cost to Own

Total 5-Year Ownership Costs

Civic Sedan

LX 4dr Sedan (2.0L 4cyl CVT)

True Cost to Own

$25,667*

Total Cash Price

$21,207

Sport 4dr Sedan (2.0L 4cyl CVT)

True Cost to Own

$27,748*

Total Cash Price

$23,465

EX 4dr Sedan (1.5L 4cyl Turbo CVT)

True Cost to Own

$27,511*

Total Cash Price

$24,976

EX-L 4dr Sedan (1.5L 4cyl Turbo CVT)

True Cost to Own

$28,651*

Total Cash Price

$25,921

Si 4dr Sedan (1.5L 4cyl Turbo 6M)

True Cost to Own

$30,850*

Total Cash Price

$25,829

Sport 4dr Sedan (2.0L 4cyl 6M)

True Cost to Own

$27,992*

Total Cash Price

$22,659

Touring 4dr Sedan (1.5L 4cyl Turbo CVT)

True Cost to Own

$32,521*

Total Cash Price

$28,929

Si 4dr Sedan w/Summer Tires (1.5L 4cyl Turbo 6M)

True Cost to Own

$30,953*

Total Cash Price

$26,028

LX 4dr Sedan (2.0L 4cyl 6M)

True Cost to Own

$25,955*

Total Cash Price

$20,422

Civic Hatchback

Sport 4dr Hatchback (1.5L 4cyl Turbo CVT)

True Cost to Own

$30,317*

Total Cash Price

$24,392

EX 4dr Hatchback (1.5L 4cyl Turbo CVT)

True Cost to Own

$27,755*

Total Cash Price

$24,987

Sport Touring 4dr Hatchback (1.5L 4cyl Turbo CVT)

True Cost to Own

$33,438*

Total Cash Price

$29,850

LX 4dr Hatchback (1.5L 4cyl Turbo CVT)

True Cost to Own

$25,426*

Total Cash Price

$21,774

EX-L 4dr Hatchback (1.5L 4cyl Turbo CVT)

True Cost to Own

$28,724*

Total Cash Price

$26,177

Sport 4dr Hatchback (1.5L 4cyl Turbo 6M)

True Cost to Own

$29,834*

Total Cash Price

$23,599

Sport Touring 4dr Hatchback (1.5L 4cyl Turbo 6M)

True Cost to Own

$32,930*

Total Cash Price

$29,052

Civic Si

Si 2dr Coupe (1.5L 4cyl Turbo 6M)

True Cost to Own

$31,199*

Total Cash Price

$25,829

Si 2dr Coupe w/Summer Tires (1.5L 4cyl Turbo 6M)

True Cost to Own

$31,302*

Total Cash Price

$26,028

Civic Coupe

EX 2dr Coupe (1.5L 4cyl Turbo CVT)

True Cost to Own

$27,430*

Total Cash Price

$24,343

Sport 2dr Coupe (2.0L 4cyl CVT)

True Cost to Own

$27,811*

Total Cash Price

$23,400

LX 2dr Coupe (2.0L 4cyl CVT)

True Cost to Own

$26,166*

Total Cash Price

$21,814

Touring 2dr Coupe (1.5L 4cyl Turbo CVT)

True Cost to Own

$30,396*

Total Cash Price

$27,961

Sport 2dr Coupe (2.0L 4cyl 6M)

True Cost to Own

$28,081*

Total Cash Price

$22,608

Civic Type R

Type R 4dr Hatchback (2.0L 4cyl Turbo 6M)

True Cost to Own

$40,227*

Total Cash Price

$37,721

Ownership Costs: 5-Year Total

Depreciation

$6,200

Taxes & Fees

$1,058

Financing

$3,855

Fuel

$6,306

Insurance

$3,903

Repairs

$744

Maintenance

$3,601

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Sedan LX 4dr Sedan (2.0L 4cyl CVT)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$728$753$780$807$835$3,903
Maintenance$155$633$451$1,082$1,280$3,601
Repairs$0$0$107$259$378$744
Taxes & Fees$894$41$41$41$41$1,058
Financing$1,319$1,065$792$498$181$3,855
Depreciation$2,072$1,005$951$1,116$1,056$6,200
Fuel$1,188$1,223$1,260$1,298$1,337$6,306
True Cost to Own®$6,356$4,720$4,382$5,101$5,108$25,667

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Sedan Sport 4dr Sedan (2.0L 4cyl CVT)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$777$804$832$861$892$4,166
Maintenance$155$633$451$1,082$1,521$3,842
Repairs$0$0$107$259$378$744
Taxes & Fees$984$41$41$41$41$1,148
Financing$1,459$1,179$877$551$200$4,266
Depreciation$2,330$1,157$1,094$1,285$1,216$7,082
Fuel$1,224$1,261$1,299$1,338$1,378$6,500
True Cost to Own®$6,929$5,075$4,701$5,417$5,626$27,748

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Sedan EX 4dr Sedan (1.5L 4cyl Turbo CVT)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$749$775$802$830$859$4,015
Maintenance$149$618$444$1,070$1,387$3,668
Repairs$0$0$127$306$449$882
Taxes & Fees$1,044$41$41$41$41$1,208
Financing$1,553$1,255$933$586$213$4,540
Depreciation$2,640$1,163$1,101$1,292$1,224$7,420
Fuel$1,088$1,121$1,155$1,189$1,225$5,778
True Cost to Own®$7,223$4,973$4,603$5,314$5,398$27,511

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Sedan EX-L 4dr Sedan (1.5L 4cyl Turbo CVT)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$873$904$935$968$1,002$4,682
Maintenance$149$618$444$1,070$1,387$3,668
Repairs$0$0$127$306$449$882
Taxes & Fees$1,082$41$41$41$41$1,246
Financing$1,612$1,302$969$608$221$4,712
Depreciation$2,244$1,324$1,253$1,469$1,393$7,683
Fuel$1,088$1,121$1,155$1,189$1,225$5,778
True Cost to Own®$7,048$5,310$4,924$5,651$5,718$28,651

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Sedan Si 4dr Sedan (1.5L 4cyl Turbo 6M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$777$804$832$861$892$4,166
Maintenance$149$618$444$972$1,433$3,616
Repairs$0$0$127$306$449$882
Taxes & Fees$1,078$41$41$41$41$1,242
Financing$1,606$1,298$965$606$221$4,696
Depreciation$2,204$1,292$1,224$1,436$1,359$7,515
Fuel$1,645$1,694$1,745$1,798$1,851$8,733
True Cost to Own®$7,459$5,747$5,378$6,020$6,246$30,850

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Sedan Sport 4dr Sedan (2.0L 4cyl 6M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$777$804$832$861$892$4,166
Maintenance$155$633$451$1,094$1,521$3,854
Repairs$0$0$107$259$378$744
Taxes & Fees$952$41$41$41$41$1,116
Financing$1,409$1,138$847$532$193$4,119
Depreciation$2,244$1,115$1,057$1,240$1,173$6,829
Fuel$1,349$1,390$1,432$1,474$1,519$7,164
True Cost to Own®$6,886$5,121$4,767$5,501$5,717$27,992

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Sedan Touring 4dr Sedan (1.5L 4cyl Turbo CVT)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$908$940$973$1,007$1,042$4,870
Maintenance$149$618$444$1,070$1,512$3,793
Repairs$0$0$127$306$449$882
Taxes & Fees$1,202$41$41$41$41$1,366
Financing$1,799$1,453$1,081$679$247$5,259
Depreciation$3,301$1,641$1,554$1,824$1,725$10,045
Fuel$1,188$1,223$1,260$1,298$1,337$6,306
True Cost to Own®$8,547$5,916$5,480$6,225$6,353$32,521

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Sedan Si 4dr Sedan w/Summer Tires (1.5L 4cyl Turbo 6M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$777$804$832$861$892$4,166
Maintenance$149$618$444$972$1,433$3,616
Repairs$0$0$127$306$449$882
Taxes & Fees$1,086$41$41$41$41$1,250
Financing$1,619$1,307$973$611$222$4,732
Depreciation$2,221$1,302$1,234$1,447$1,370$7,574
Fuel$1,645$1,694$1,745$1,798$1,851$8,733
True Cost to Own®$7,497$5,766$5,396$6,036$6,258$30,953

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Sedan LX 4dr Sedan (2.0L 4cyl 6M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$724$749$776$803$831$3,883
Maintenance$155$633$451$1,094$1,280$3,613
Repairs$0$0$107$259$378$744
Taxes & Fees$863$41$41$41$41$1,027
Financing$1,270$1,026$763$479$175$3,713
Depreciation$1,573$1,031$977$1,146$1,084$5,811
Fuel$1,349$1,390$1,432$1,474$1,519$7,164
True Cost to Own®$5,934$4,870$4,547$5,296$5,308$25,955

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Hatchback Sport 4dr Hatchback (1.5L 4cyl Turbo CVT)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$873$904$935$968$1,002$4,682
Maintenance$149$618$444$1,070$1,550$3,831
Repairs$0$0$127$306$449$882
Taxes & Fees$1,021$41$41$41$41$1,185
Financing$1,517$1,225$912$572$208$4,434
Depreciation$1,851$1,280$1,212$1,421$1,347$7,111
Fuel$1,543$1,589$1,637$1,686$1,737$8,192
True Cost to Own®$6,954$5,657$5,308$6,064$6,334$30,317

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Hatchback EX 4dr Hatchback (1.5L 4cyl Turbo CVT)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$747$773$800$828$857$4,005
Maintenance$149$618$444$1,070$1,441$3,722
Repairs$0$0$127$306$449$882
Taxes & Fees$1,045$41$41$41$41$1,209
Financing$1,554$1,255$934$586$213$4,542
Depreciation$1,877$1,317$1,245$1,461$1,384$7,284
Fuel$1,151$1,186$1,221$1,258$1,295$6,111
True Cost to Own®$6,523$5,190$4,812$5,550$5,680$27,755

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Hatchback Sport Touring 4dr Hatchback (1.5L 4cyl Turbo CVT)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$908$940$973$1,007$1,042$4,870
Maintenance$149$618$444$1,070$1,550$3,831
Repairs$0$0$127$306$449$882
Taxes & Fees$1,238$41$41$41$41$1,402
Financing$1,856$1,500$1,115$701$255$5,427
Depreciation$2,342$1,581$1,496$1,753$1,662$8,834
Fuel$1,543$1,589$1,637$1,686$1,737$8,192
True Cost to Own®$8,036$6,269$5,833$6,564$6,736$33,438

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Hatchback LX 4dr Hatchback (1.5L 4cyl Turbo CVT)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$728$753$780$807$835$3,903
Maintenance$149$618$444$1,070$1,354$3,635
Repairs$0$0$127$306$449$882
Taxes & Fees$917$41$41$41$41$1,081
Financing$1,354$1,094$813$512$185$3,958
Depreciation$1,362$1,094$1,036$1,214$1,150$5,856
Fuel$1,151$1,186$1,221$1,258$1,295$6,111
True Cost to Own®$5,661$4,786$4,462$5,208$5,309$25,426

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Hatchback EX-L 4dr Hatchback (1.5L 4cyl Turbo CVT)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$816$845$874$905$936$4,376
Maintenance$149$618$444$1,070$1,441$3,722
Repairs$0$0$127$306$449$882
Taxes & Fees$1,092$41$41$41$41$1,256
Financing$1,628$1,315$978$615$223$4,759
Depreciation$2,234$1,309$1,241$1,456$1,378$7,618
Fuel$1,151$1,186$1,221$1,258$1,295$6,111
True Cost to Own®$7,070$5,314$4,926$5,651$5,763$28,724

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Hatchback Sport 4dr Hatchback (1.5L 4cyl Turbo 6M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$877$908$939$972$1,006$4,702
Maintenance$149$618$444$972$1,550$3,733
Repairs$0$0$127$306$449$882
Taxes & Fees$989$41$41$41$41$1,153
Financing$1,468$1,185$882$554$201$4,290
Depreciation$2,281$1,120$1,060$1,243$1,178$6,882
Fuel$1,543$1,589$1,637$1,686$1,737$8,192
True Cost to Own®$7,307$5,461$5,130$5,774$6,162$29,834

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Hatchback Sport Touring 4dr Hatchback (1.5L 4cyl Turbo 6M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$908$940$973$1,007$1,042$4,870
Maintenance$149$618$444$972$1,550$3,733
Repairs$0$0$127$306$449$882
Taxes & Fees$1,207$41$41$41$41$1,371
Financing$1,807$1,459$1,086$682$247$5,281
Depreciation$2,970$1,371$1,297$1,521$1,442$8,601
Fuel$1,543$1,589$1,637$1,686$1,737$8,192
True Cost to Own®$8,584$6,018$5,605$6,215$6,508$32,930

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Si Si 2dr Coupe (1.5L 4cyl Turbo 6M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$842$871$902$934$966$4,515
Maintenance$149$618$444$972$1,433$3,616
Repairs$0$0$127$306$449$882
Taxes & Fees$1,078$41$41$41$41$1,242
Financing$1,606$1,298$965$606$221$4,696
Depreciation$2,204$1,292$1,224$1,436$1,359$7,515
Fuel$1,645$1,694$1,745$1,798$1,851$8,733
True Cost to Own®$7,524$5,814$5,448$6,093$6,320$31,199

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Si Si 2dr Coupe w/Summer Tires (1.5L 4cyl Turbo 6M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$842$871$902$934$966$4,515
Maintenance$149$618$444$972$1,433$3,616
Repairs$0$0$127$306$449$882
Taxes & Fees$1,086$41$41$41$41$1,250
Financing$1,619$1,307$973$611$222$4,732
Depreciation$2,221$1,302$1,234$1,447$1,370$7,574
Fuel$1,645$1,694$1,745$1,798$1,851$8,733
True Cost to Own®$7,562$5,833$5,466$6,109$6,332$31,302

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Coupe EX 2dr Coupe (1.5L 4cyl Turbo CVT)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$791$819$847$877$908$4,242
Maintenance$149$618$444$1,070$1,387$3,668
Repairs$0$0$127$306$449$882
Taxes & Fees$1,019$41$41$41$41$1,183
Financing$1,514$1,223$909$572$207$4,425
Depreciation$2,080$1,217$1,154$1,353$1,281$7,085
Fuel$1,120$1,153$1,188$1,224$1,260$5,945
True Cost to Own®$6,673$5,071$4,710$5,443$5,533$27,430

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Coupe Sport 2dr Coupe (2.0L 4cyl CVT)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$842$871$902$934$966$4,515
Maintenance$155$633$451$1,082$1,521$3,842
Repairs$0$0$107$259$378$744
Taxes & Fees$981$41$41$41$41$1,145
Financing$1,455$1,176$874$549$200$4,254
Depreciation$2,000$1,170$1,109$1,301$1,231$6,811
Fuel$1,224$1,261$1,299$1,338$1,378$6,500
True Cost to Own®$6,657$5,152$4,783$5,504$5,715$27,811

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Coupe LX 2dr Coupe (2.0L 4cyl CVT)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$768$795$823$851$881$4,118
Maintenance$155$633$451$1,082$1,280$3,601
Repairs$0$0$107$259$378$744
Taxes & Fees$918$41$41$41$41$1,082
Financing$1,357$1,095$815$513$186$3,966
Depreciation$1,867$1,090$1,033$1,212$1,147$6,349
Fuel$1,188$1,223$1,260$1,298$1,337$6,306
True Cost to Own®$6,253$4,877$4,530$5,256$5,250$26,166

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Coupe Touring 2dr Coupe (1.5L 4cyl Turbo CVT)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$908$940$973$1,007$1,042$4,870
Maintenance$149$618$444$1,070$1,512$3,793
Repairs$0$0$127$306$449$882
Taxes & Fees$1,163$41$41$41$41$1,327
Financing$1,739$1,405$1,044$657$238$5,083
Depreciation$2,383$1,399$1,326$1,555$1,472$8,135
Fuel$1,188$1,223$1,260$1,298$1,337$6,306
True Cost to Own®$7,530$5,626$5,215$5,934$6,091$30,396

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Coupe Sport 2dr Coupe (2.0L 4cyl 6M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$842$871$902$934$966$4,515
Maintenance$155$633$451$1,094$1,521$3,854
Repairs$0$0$107$259$378$744
Taxes & Fees$950$41$41$41$41$1,114
Financing$1,406$1,136$844$531$193$4,110
Depreciation$1,934$1,130$1,071$1,256$1,189$6,580
Fuel$1,349$1,390$1,432$1,474$1,519$7,164
True Cost to Own®$6,636$5,201$4,848$5,589$5,807$28,081

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Civic Type R Type R 4dr Hatchback (2.0L 4cyl Turbo 6M)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Tax Credit$0$0$0$0$0$0
Insurance$842$871$902$934$966$4,515
Maintenance$212$865$507$1,380$2,165$5,129
Repairs$0$0$127$306$449$882
Taxes & Fees$1,552$41$41$41$41$1,716
Financing$2,346$1,895$1,409$886$321$6,857
Depreciation$3,282$2,085$1,703$1,909$1,669$10,648
Fuel$1,974$2,033$2,094$2,157$2,222$10,480
True Cost to Own®$10,208$7,790$6,783$7,613$7,833$40,227

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

Shop nowLearn about the 2020 Civic 

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.


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Edmunds Insurance Estimator

The Edmunds TCO® estimated monthly insurance payment for a 2020 Honda Civic in Virginia is:

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