SEE BEYOND THE PAYMENT
Total cost of ownership calculator
Build an ownership budget with your own running costs. See the estimated total, monthly cost and cost per kilometre.
Canadian dollars · Kilometres · Free planning toolsBuild your ownership plan
Choose a car or enter your own price. Adjust the years and kilometres to fit your plans.
How will you pay?
Running costs — editable assumptions
Include the costs you expect to pay. These starting amounts are examples, not insurance, energy or maintenance quotes.
The cost of keeping this car
$53,153About $886 per month · $0.53 per km, after the estimated resale value.
Planning estimate · CAD · taxes and entered fees includedYour ownership cost breakdown
- Vehicle value lost
- $14,559
- Purchase sales tax
- $3,318
- Other purchase fees
- $0
- Financing interest over this period
- $4,476
- Fuel
- $13,200
- Insurance
- $11,000
- Maintenance and tyres
- $6,000
- Other running costs
- $600
- Estimated total net cost
- $53,153
The estimated loan payment is $471.90 per month. Net ownership cost includes the remaining loan balance if the car is sold at the end of this period.
Cost assumptions and what is excluded
- Purchase tax is your entered percentage of the before-tax vehicle price. Enter fees as an all-in amount; fees are not taxed again. Check applicable taxes, exemptions, incentives and luxury tax with the seller.
- Ending resale is subtracted once. For financing, down payment, payments made and remaining debt payable at sale are included; purchase principal is not added a second time.
- Loan payments use monthly compounding with no balloon payment or early repayment charge. Interest after the comparison period is excluded when the remaining debt is paid off.
- Running costs are user-editable constant assumptions. There is no assumed inflation, investment return, tax credit or transaction cost at sale.
Running costs remain constant in dollars across the selected period. The calculation does not include opportunity cost, future inflation, investment returns, tax credits, rebates or unentered charges. Adjust the vehicle price and fees to your actual quote.
How these numbers work
These are planning estimates of future retail or asking-based resale value. They are not dealer trade-in offers, guaranteed sale prices or contractual lease residuals. Vehicle condition, history, options and future market changes can alter the outcome.
Model assumptions and planning scenarios
- This is our planning model of future retail/asking-based value, not a licensed market forecast, trade-in quote or guaranteed sale price.
- The starting amount is the same Canadian base MSRP before tax for cash and finance; incentives, payment schedules, loan balances and lease residuals do not set the future value.
- Category depreciation percentages and usage coefficients come from the captured AssetDropper generic model; they are not measured Canadian trim-level residuals.
- Mileage coefficients reproduce observed API behaviour from saved probes; the provider does not publish a formula or a validation study for them.
- Annual kilometres are divided by 1.609344 to apply the source mileage mathematics. The reference is 12,000 miles (19,312 km) per year.
- Cumulative mileage effects are capped between a 30% deduction and a 12% addition. Accident history, individual condition, options, geography, inflation and future market shocks are not modelled.
- The low/base/high outcomes use 1.25×/1×/0.75× annual category depreciation rates with the same mileage assumptions. They are planning scenarios, not statistical confidence bounds.
- Planning values cannot rise with an additional ownership year and are capped at the starting base MSRP; no appreciation is assumed.
- The generic model supplies no publication date; its capture date is shown separately and is not represented as a source publication date.
- Canadian model-year asking-price age pattern supplies a small, capped adjustment to the category assumptions; mileage, trim, original MSRP and redesign effects are not isolated.
- The age-slope difference is capped at ±0.04 log points per year, then given at most 25% weight. Unknown generation and trim mix remain limitations; no original-MSRP or chosen-mileage cohort adjustment is claimed.
Low / base / high outcome after the selected period: $8,539 / $10,961 / $13,898. These are alternative rate scenarios, not a statistical confidence interval.
Sources, dates and coverage
Representative models with one currently priced Canadian starting trim per model. The newest priced model year and lowest exact base MSRP are selected; this is not every trim. Missing models can use a custom entered price.
- Canadian vehicle price used by Before Your Next Car (opens in a new tab)Source date: Not published · Captured: Oct 5, 2026
- AssetDropper category planning assumptions (observed 20 October 2026) (opens in a new tab)Source date: Not published · Captured: Oct 20, 2026AssetDropper-free-commercial-api terms
- Omnia Index October 2026, Canadian used asking-price aggregates (opens in a new tab)Source date: Oct 6, 2026 · Captured: Oct 20, 2026CC-BY-4.0 terms
Generic category rates do not establish measured differences between individual brands or trims. Canadian model-year asking-price cohorts, when eligible, add only a small adjustment; they mix mileage, trims, historical prices and condition. Freshness and limitations remain part of the calculation.
A LITTLE MORE CONTEXT
Good questions to ask.
Why is the purchase price not added to depreciation?
Depreciation already represents the part of the vehicle’s starting value you expect to use up. Adding the full price as well would count the vehicle cost twice. Financing interest, taxes and running expenses are separate costs.
Where should I get fuel, insurance and maintenance inputs?
Use the vehicle’s consumption rating, the energy prices you expect to pay and an insurance quote for your circumstances. Budget for scheduled service, tyres, registration and repairs using your own quotes and maintenance schedule.
Is this a monthly payment calculator?
It is an estimate of economic ownership cost. Monthly cost spreads the total across your selected period; your actual cash payments can follow a different schedule.