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What Is 5-Year Cost to Own?

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. This includes out-of-pocket expenses like fuel and insurance, and vehicle depreciation (loss in value).

Out of pocket expenses

Repairs - based on a $0 deductible extended warranty

4%Average for all vehicles

Maintenance - what it takes to keep the car running well

5%Average for all vehicles

State Fees - items like tax, license and registration

6%Average for all vehicles
State Fees

Insurance - includes liability, collision and personal injury

9%Average for all vehicles

Financing - based on a 5-year loan term at 1.99%

6%Average for all vehicles

Fuel - based on 15,000 miles driven per year

26%Average for all vehicles
Loss in value

Depreciation - how well the vehicle holds its value over time. Particularly important if you keep the car for less than 5 years.

Depreciation = Purchase
Value After
5 Years
Average for all vehicles
The difference between what you paid and what it’s worth in 5 years.
5-Year Cost
to Own
  • Fuel - Fuel Costs are calculated using U.S. EPA mileage data for each make, model and style, reflecting 45% highway driving and 55% city driving. Kelley Blue Book updates these costs every 60 days based on actual and forecasted fuel costs.

  • Insurance - Insurance costs assume a driver with a clean record, using the vehicle for personal use. Quoted coverage includes liability, physical damage protection and (where applicable) personal injury, based on the most-often-selected limits and deductibles.

  • Financing - Financing assumes a buyer with Tier I or II credit, a loan APR of 1.99% and 10% down payment based on Fair Purchase Price (or MSRP if Fair Purchase Price is unavailable) without any rebates or incentives.

  • State Fees - State Fees include title and registration fees based on an average of new-car retail sales in all states, the vehicle’s Fair Purchase Price (or MSRP if Fair Purchase Price is unavailable) and an average state sales tax of 5.64 percent.

  • Maintenance - Maintenance includes the costs of following the manufacturer's recommended service schedule. This amount is based on national average labor costs, plus replacement parts and service items purchased at the manufacturer's suggested list prices.

  • Repairs - Repairs are based on the retail price of a zero-deductible extended-warranty service contract that covers the vehicle for its initial five-year term of ownership.

  • Depreciation - Derived from Kelley Blue Book’s residual values and updated every 60 days, depreciation represents the decrease in the vehicle’s value based on the national Fair Purchase Price (or MSRP if the Fair Purchase Price is unavailable), economic factors and historical data.

How Does It Help You Compare?
Even if two vehicles are priced the same, that doesn’t mean they will cost the same over time. Knowing the 5-Year Cost to Own ahead of time can help you save money in the long run.
Sample Sedan A
Purchase Price: $19,272
Out of
Loss in value
Cost to Own $35,998
Sample Sedan B
Purchase Price: $19,272
Out of
Loss in value
Cost to Own $38,368
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