📊 Total Cost of Ownership Calculator
When buying a car, the purchase price is just the beginning. The true cost of owning a vehicle includes fuel, insurance, tax, servicing, tyres, maintenance, and depreciation. Our Total Cost of Ownership (TCO) Calculator gives you a complete picture of what you'll really pay over 3-5 years.
This is the same type of calculation used by major car buying sites like AutoTrader and What Car? to help buyers compare vehicles. By entering your expected mileage, fuel costs, and other running costs, you can see which vehicle is truly the cheapest to own — whether it's petrol, diesel, hybrid, or electric.
What our TCO calculator includes:
- 📉 Depreciation — The biggest cost of car ownership (up to 60% in 3 years).
- ⛽ Fuel Costs — Based on your annual mileage and fuel type.
- 🛡️ Insurance — Your annual insurance premium.
- 📜 Vehicle Tax — Annual road tax (VED) based on CO₂.
- 🔧 Servicing & MOT — Annual service and MOT costs.
- 🛞 Tyres — Average annual tyre costs.
- 🛠️ Repairs — Estimated annual repair costs.
💡 Pro Tip: Electric vehicles typically have much lower running costs than petrol or diesel cars — up to £1,000+ per year saved on fuel and tax alone. Use our calculator to see the real difference!