Total Cost of Ownership Car Calculator

The cost of a car after years is based on how much it depreciates and the out of pocket expenses related to the car. On average, new cars depreciate by 55% of their original value after five years, but certain models hold their value better than others. Out of pocket expenses will depend on a variety of factors, including the make and model of the car, as well as how you use the car and where you live.

The 5-Year Cost to Own is the total amount of vehicle-related costs you will likely have to cover during the first 5 years of owning a car. When you consider insurance, maintenance costs, fuel costs, and the big one, depreciation, choosing a slightly pricier model can save you money in the long run. And that also means less expensive cars can cost more over time.

A vehicle's cost to own typically decreases after each year of ownership. Below is the average cost to own per year for all new vehicles for which Kelley Blue Book is able to estimate cost to own.
Year 1: $26,560
Year 2: $15,192
Year 3: $13,472
Year 4: $14,183
Year 5: $10,831
Total 5-Year Cost to Own: $80,238
Please note these are average costs, and vehicle-specific estimates will vary by make, model, body style and other factors. Additionally, actual costs and depreciation for a vehicle after purchase will vary based on how the car is driven and each owner's specific situation.

Five costs associated with owning a car are vehicle depreciation, insurance, fuel, financing and state fees. Kelley Blue Book also factors in maintenance and repairs in a vehicle's cost to own.

Based on all new vehicles for which Kelley Blue Book is able to estimate cost to own, the average cost of owning a car is $80,238. Please note this is the average of all vehicles, and vehicle-specific estimates will vary by make, model, body style and other factors. Additionally, actual costs and depreciation for a vehicle after purchase will vary based on how the car is driven and each owner's specific situation.