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Cost of Ownership Calculator

↻ Updated 2026

The sticker price is only the start. This calculator totals the real cost of owning a car in Canada — depreciation, loan interest, insurance, maintenance and fuel — and breaks it down per year and per kilometre.

Educational calculators — always consult a licensed professional before making financial decisions.

Your inputs
Vehicle price
Years owned
Loan interest rate
Loan term
Down payment
Insurance / year
Maintenance / year
Distance driven / year
Fuel economy
Fuel price / litre
Resale value after 5 yr
Cost over 5 yr
$56,806
$11,361/yr
Cost per year
$11,361
$653/mo loan
Cost per km
$0.57
100,000 km total
Where the money goes
Depreciation$22,000
Fuel$13,600
Insurance$9,000
Maintenance$6,000
Interest$6,206
Total over 5 years
Depreciation$22,000
Loan interest$6,206
Insurance$9,000
Maintenance & repairs$6,000
Fuel$13,600
Cost of ownership$56,806
ASSUMPTIONS — Sums the real costs of owning a car: depreciation (price minus resale), loan interest paid during ownership, insurance, maintenance and fuel. Fuel cost uses your distance, L/100km rating and price per litre — all estimates. Excludes provincial sales tax, registration and licensing fees, financing on a cash purchase, and the opportunity cost of your down payment. Data year 2026.

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Sources & rate references
  • ·Standard auto-loan amortization

Rates, brackets and limits here are checked against primary sources. If a number still looks off, email support@realmoneyiq.com and we'll review and fix it.

RealMoneyIQ provides free educational calculators, not financial, tax, investment or legal advice. Results are estimates based on the assumptions you enter and publicly published rates; your actual outcome will differ. Always confirm decisions with a licensed professional who knows your full situation.