Cost of Car Ownership

Calculate the Cost of Owning a Car

The Edmunds Inc. True Cost to Own® (TCO®) pricing system calculates the additional costs you may not have included when considering your next vehicle purchase. These extra costs include: depreciation, interest on your loan, taxes and fees, insurance premiums, fuel costs, maintenance, and repairs. Search here to view the TCO® of any vehicle.

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Car Depreciation Calculator

Determine the Total Cost of Ownership

The Edmunds True Cost to Own® (TCO®) calculator is a tool that looks at the 5-year costs of owning a vehicle, including some you might not have considered. These extra costs include depreciation, interest on your loan, taxes and fees, insurance premiums, fuel costs, maintenance and repairs. Search here to view the TCO® of any vehicle.

True Cost To Own®

Edmunds True Cost to Own® (TCO®) is proprietary data that helps you estimate the total 5-year cost of buying and owning a vehicle — including some items you may not have taken into consideration. A benefit of using our TCO® calculator is that you can easily compare the 5-year totals for different vehicles and make a more informed choice.


How to Determine the True Cost of Car Ownership

You've narrowed your choices to three new vehicles, all highly rated luxury compact SUVs with roughly comparable prices. But how will you know which will cost you more to operate in the long run?

Anyone faced with a similar choice — in fact, anyone who is shopping for a new car — should use the Edmunds True Cost to Own® and Car Depreciation Calculator, which reveals car ownership costs over a 5-year period. When you're car shopping, you tend to pay a lot of attention to vehicle features, the purchase price and warranty, but perhaps you aren't as attentive to what the day-to-day costs of the car will be once it's in your garage.

But even cars that cost the same can have different depreciation, fuel costs, maintenance, insurance and repair expenses. This Edmunds car ownership calculator can be a valuable research tool when you're comparing vehicles, whether they're of the same type (two sedans or two SUVs, for example) or of very different types. In addition to using this tool on Edmunds mobile and desktop sites, you can find ownership cost information on the Edmunds car shopping app for iOS and Android devices.


True Cost to Own FAQs