Engineering ToolBox - Resources, Tools and Basic Information for Engineering and Design of Technical Applications!

Cars - New vs. Old Car Cost Calculator

Calculate and compare the costs between owning a new vs. an old car.

Sponsored Links

Car - average velocity speed

The Car Cost Calculator - New Car vs. Old can be used to estimate the cost of ownership for a newer car vs. an older car - or a the cost of ownership for a more expensive car vs. a cheaper car.

The calculator can be helpful to

  • decide when to replace an old car
  • decide between different cars
  • decide between buying or leasing a car

The default calculator is set up for a 3 years period but can be easily extended by copying cells as described below.

Car Costs - New vs. Old

To use the Car Cost Calculator - New Car vs. Old - open the Car Cost Calculator - New Car vs. Old - save a copy of the spread sheet to your own Google Docs account (you need to be logged into your google account) - or download the spread sheet as an excel file to your computer.

Modify the values:

  • add estimated sales value for the old car and the buying cost for the new one. If leasing is an alternative - set the Value to zero - add leasing signing costs in year 1 and yearly leasing costs for every year.   
  • add depreciation when you own the car - depreciation varies with car make, model and age. Typical values in range 10-20% per year.
  • add financing costs. When savings are used interest is lost and should be handled as a cost.
  • add insurance costs
  • add road taxes
  • add expected mileage and fuel costs
  • add service costs
  • add regular maintenance costs - like tires, brake pads ..
  • add unexpected repair costs 
  • add other costs - like supplementary equipment typically needed for a new car

Extend the calculator with more years by inserting new columns and copying the equations. Unlimited numbers of cars can be added.

The calculator can also be used to compare other similar investments like machinery and more.

Sponsored Links

Related Topics

  • Economics

    Engineering economics - cash flow diagrams, present value, discount rates, internal rates of return - IRR, income taxes, inflation.

Related Documents

Sponsored Links

Search

Search is the most efficient way to navigate the Engineering ToolBox.

Engineering ToolBox - SketchUp Extension - Online 3D modeling!

3D Engineering ToolBox Extension to SketchUp - add parametric components to your SketchUp model

Add standard and customized parametric components - like flange beams, lumbers, piping, stairs and more - to your Sketchup model with the Engineering ToolBox - SketchUp Extension - enabled for use with older versions of the amazing SketchUp Make and the newer "up to date" SketchUp Pro . Add the Engineering ToolBox extension to your SketchUp Make/Pro from the Extension Warehouse !

Translate this Page

Translate this page to Your Own Language .

About the Engineering ToolBox!

Privacy Policy

We don't collect information from our users. More about

Citation

This page can be cited as

  • The Engineering ToolBox (2003). Cars - New vs. Old Car Cost Calculator. [online] Available at: https://www.engineeringtoolbox.com/car-costs-old-new-d_339.html [Accessed Day Month Year].

Modify the access date according your visit.

3D Engineering ToolBox - draw and model technical applications! 2D Engineering ToolBox - create and share online diagram drawing templates! Engineering ToolBox Apps - mobile online and offline engineering applications!

Unit Converter

















































2.27.11

Sponsored Links
.