Car Purchase Comparison Calculator

Sales Tax

Include Sales Tax

State: (Select State) %:

Alternative Use of Money

If I didn't buy a car, I would save or invest the money at the following interest rate instead:

Expected Annual Return (%): (Note: 7% is about the average return for an S&P 500 index fund, accounting for inflation)

Calculation Period

This defines the period over which costs and savings are calculated.

Calculation Period: Months Years Match longest loan term

Car Value

Include Car Value

Depreciation rates used: Year 1: 20%, Years 2-3: 15%, Years 4-5: 10%, Years 6-8: 6%, Years 9+: 4% annually