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.
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 "Compute Purchase & Ownership Costs." This will automatically copy scenario #1 values into the scenario #2 column whereupon, you can change the items in scenario #2 to fit.