Car Cost Comparison Calculator

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Car Cost Comparison Calculator
When buying a car most people fail to consider ALL of the expenses that will be generated by their purchase. And because nearly all car buying scenarios come with different variables (depreciation rates, interest rates, purchase prices, insurance costs, mpg ratings, etc.), it becomes extremely difficult to compare one buying scenario with another...until now that is. This calculator will not only help you to forecast the REAL COST of buying and owning a car, but it will also help you to more accurately compare the real cost of one car buying scenario with the real cost of a second car buying scenario. Shortcut: Fill in all the blanks in the Scenario #1 column and then click on "Copy #1 to #2." This will automatically copy Scenario #1 values into the Scenario #2 column. Note: When entering numbers into the data fields only use numbers and applicable decimal points. Entering commas, dollar signs, or any other non-numeric characters will cause an error. Also please note that this calculator has been tested to work with Netscape Navigator 3.01 web browser. However, you must have the JavaScript option turned on.
Entry Descriptions	Car Buying Scenario #1	Car Buying Scenario #2
Enter total price of car, including options:
Enter the applicable sales-tax percentage:
Enter annual cost of licensing this vehicle:
Enter cost of extended warranty, if applicable:
Will you be financing this vehicle? ("y" or "n"):
Enter the amount of your down-payment:
Enter financing rate (Annual Percentage Rate):
Enter the number of months financed:
Enter annual insurance premium:
Enter number of miles you expect to drive car per year:
Enter the vehicle's estimated mpg rating:
Enter the local cost of one gallon of gasoline:
How many years old is the car?:
How many years do you expect to own the car?:
Enter an estimated monthly maintenance and repair cost:

Tax, License, Extended Warranty:
Depreciation Costs:
Finance Costs:
Insurance Costs:
Fuel Costs:
Maintenance & Repair Costs:
Total cost of buying and owning car:
Annual cost to own/operate vehicle:
Cost per mile:
Summary:

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DISCLAIMER: The accuracy of this calculator and its application to your specific
situation is not guaranteed. We encourage you seek advice from qualified
professionals regarding all personal finance issues.

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– Peggy Z.,
Ravenel, SC

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Consumer Credit Counseling Service of Michigan		Consumer Credit Counseling Service of Northern Indiana
Consumer Credit Counseling Service of Southern New York		Consumer Credit Counseling Service of North Central Texas
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