True Cost of Owning a Car

The sticker price is just the start.

A $25,000 car rarely costs $25,000.

Purchase & financing

Vehicle price ($)

Down payment (%)

Interest rate (% APR)

Loan term (months)

Newcomers typically pay 2–4 points above standard rates.

Insurance ($/month)

Distance driven (km/year)

Fuel efficiency (L/100 km)

Fuel price ($/L)

Maintenance & repairs ($/year)

Registration & licensing ($/year)

Winter tires, amortized ($/year)

Get a quote before you buy.

Budget more for used cars.

Estimates only.

New vs used, financing with no credit history, scams to avoid.