Vehicle Total Cost of Ownership Calculator
Find the true cost to own any vehicle over your chosen period — including depreciation, financing, fuel, insurance, and maintenance. Compare the full picture before you buy.
Vehicle & Financing
Depreciation
Operating Costs
Oil changes, tires, repairs, etc.
Why Total Cost of Ownership Matters
The sticker price is just the beginning. Two vehicles priced the same can cost dramatically different amounts to own over 5 years depending on fuel economy, insurance rates, reliability record, and depreciation curve.
The AAA 5-Year TCO Benchmark
According to AAA, the average cost to own and operate a new vehicle in 2025 is approximately:
| Vehicle Type | Annual TCO | Per Mile |
|---|---|---|
| Small sedan | ~$8,500 | ~$0.54 |
| Midsize sedan | ~$10,000 | ~$0.64 |
| SUV | ~$12,000 | ~$0.75 |
| Pickup truck | ~$13,500 | ~$0.85 |
| Electric vehicle | ~$10,500 | ~$0.66 |
These figures include depreciation, financing, fuel, insurance, maintenance, and registration.
Biggest Cost: Depreciation
Depreciation is typically 40–50% of a vehicle's total ownership cost in the first 5 years. Choosing a vehicle that holds its value well (Toyota, Honda, trucks) versus one that depreciates quickly (most luxury brands) can make a $5,000–$10,000 difference in 5-year TCO.
The Used Car Advantage for TCO
A 2–3 year old vehicle has already absorbed the steepest depreciation. You get most of the vehicle's useful life at a fraction of the TCO, and the same operating costs going forward.
Frequently Asked Questions
What maintenance cost should I enter?
Average annual maintenance for a new vehicle is $700–$1,200/year in the first few years, rising to $1,500–$2,500+ after year 5 as parts age. Luxury and European brands typically cost more to maintain. Toyota and Honda typically cost less.
Does this include taxes and registration?
No — registration and annual property taxes vary too much by state to estimate generically. Add your local registration cost to the maintenance field or budget for it separately.
