What is Car Ownership Calculator
It might not occur to you but owning a car involves more than spending on car loans and petrol. There are other spendings that makes up car ownership such that the overall cost of ownership can be much higher. If you are planning to purchase a new car, use this calculator to estimate.
- Your monthly and annual cost of ownership
- The amount of interest you will pay and for how long
- % of your disposable income spent on your car
What do i have to do?
Fill in the details below, you don't have to fill in everything. Once you fill in each box, the summary will be calculated based on what you input immediately
Your Car Budgeting Summary
Your car is a litres vehicle. The fuel consumption is roughly km/litre. You own this car for years.
Your COE costs and your car sales price is . Adding them up the total car price is
Your Downpayment is . Therefore, you will loan from the bank. You will take years to finish clearing the loan. This translates to months.
The Interest rate you loan at is . At the end of these years you will pay a total interest of . The loan plus interest that you will need to pay is in total. On a monthly basis, you will need to pay per month to clear the loan plus interest. After years, you have paid up a total of . You have still to pay to clear your debt.
Your Total Monthly Expenditures on car adds up to per month. Your Total One-Time Expenditures on car is per year.
Your Total Annual Ownership Cost is per year. That is per month. Your Disposable Income is currently . You are currently spending of your monthly disposable income on items related to this car. After years, you have spent a total of on this car.