Total Cost of Ownership Calculator
Calculate the total cost of owning a vehicle over time, including fuel, maintenance, insurance and resale.
Calculate
Enter your values below.
Result
Total cost of ownership
0
Formula used
TCO = Price + Fuel + Maintenance + Insurance − Resale value
Example: $28,000 price, $6,000 fuel, $3,000 maintenance, $4,500 insurance, $12,000 resale → TCO = $29,500.
How to use this calculator
- Enter Purchase price, Total fuel cost over ownership, Total maintenance cost, Total insurance cost, Expected resale value.
- Press Calculate to see your result instantly.
FAQ
Frequently asked questions
Why subtract resale value?
Because that money is recovered when you eventually sell or trade in the vehicle, offsetting the total cost.
What time period should I use?
Whatever your intended ownership period is — total your fuel, maintenance, and insurance costs for that full period.
Does this include financing interest?
No — if financed, add your total loan interest as an additional cost for full accuracy.
Why is TCO useful for comparing vehicles?
A cheaper purchase price doesn't always mean a lower total cost once running costs are factored in.