Total cost of ownership measures the real cost of owning a car beyond purchase price. It includes depreciation, fuel or charging cost, insurance, maintenance and resale value.
Many buyers compare EV vs gas cost, EV vs petrol savings and CNG vs gasoline cost before purchasing. Electric vehicles often cost more upfront but may save money through lower energy and maintenance costs.
A cheaper car may cost more over time if fuel usage, maintenance and depreciation are high. This TCO calculator helps reveal the true long-term cost.
Useful for first-time buyers, fleet owners, rideshare drivers, EV shoppers and anyone comparing vehicle ownership economics over 3 to 7 years.
What is true cost of owning a car?
Purchase price plus all ownership expenses minus resale value.
Are EVs cheaper long term?
Often yes, depending on electricity and resale value.
Why include depreciation?
Because depreciation is usually the biggest ownership cost.