Chevrolet Used-Car Ownership Cost Calculator
Estimate the monthly and annual cost of owning a Chevrolet using your purchase price, financing, fuel, insurance, maintenance, fees, and resale assumptions.
About the Chevrolet Used-Car Ownership Cost Calculator
Total cost of ownership matters more than the purchase price. The Chevrolet Used-Car Ownership Cost Calculator estimates the monthly and annual cost of owning a Chevrolet using purchase price, financing, fuel, insurance, maintenance, fees, and resale assumptions.
Use it to compare vehicles or to plan a budget before buying.
Formula used
amount financed = purchase price - down payment
monthly payment = amortization formula (see car loan calculator)
annual fuel cost = (annual miles / MPG) x fuel price
annual total = fuel + insurance + maintenance + repairs + fees / years
total cost = down payment + loan payments + (insurance + maintenance + repairs) x years + fuel x years + fees - resale
monthly average = total cost / (years x 12)
cost per mile = total cost / (annual miles x years)How to use
- Enter purchase price, down payment, APR, and loan term.
- Enter annual miles, fuel economy, and fuel price.
- Enter insurance, maintenance, repairs, fees, ownership years, and expected resale.
- Click Calculate to see monthly payment, annual costs, total cost, monthly average, and cost per mile.
Limitations
Results depend on the values entered and are not financial advice. Actual costs vary with market conditions.
Frequently asked questions
Should I include depreciation?
Yes, via the expected resale value, which offsets total cost.
Can I compare two cars?
Run the calculator twice with different inputs and compare monthly averages.