Car Cost Caluculator

According to AAA, the average car owner spends more than $8000 on their vehicle every year. That's great for car companies, but probably not so great for you. Play with our car cost calculator to see what you actually pay every day, every month and every year to own and operate your car. We all know cars are expensive, but how much you actually pay just might shock you!

Fixed Costs

Purchase Price of Car
$12000
Plan to keep for
5 years
Expected Resale Value
$6000
Monthly Insurance Cost
$100
2-Year NYS Vehicle Registration Fee*
$75
*Average fee for midsized sedan: $75
Annual Vehicle Inspection Fee*
$35
*Annual NYS fee: $35

Total Fixed Cost per Day

$6.77

Operating Costs

Cost of Gas per week
$50
Parking Fees per Month
$40
Tolls per Month
$25
Annual Cost of Tires*
$115
*Average $113 per year for midsized sedan traveling 10,000 miles annually (AAA "Your Driving Costs 2012")
Annual Cost of Major Repairs
$500
Annual Other Maintenance Costs*
(oil changes, carwashes, etc.)
$430
*Average $432 per year for midsized sedan traveling 10,000 miles annually (AAA "Your Driving Costs 2012")
Annual Parking & Traffic Ticket Fees
$0

Total Operating Cost per Day

$12.12

Total Costs

Total Cost per Day
$18.89
Total Cost per Month
$574.57
Total Cost per Year
$6894.85