Total cost of ownership
What a car, or anything else you buy, really costs over the years you keep it.
The price tag is only part of it. The total adds up the value you lose between buying and selling, the interest on any loan, and the running costs every year. The example numbers are for a mid-range car in Greece; change them to match yours.
Result
Owning it for 8 years costs €41,795, about €435 a month.
Per year€5,224
Value lost (price minus resale)€16,000
Loan interest€3,479
Running costs€22,316
Monthly loan payment€391
What this leaves out
- What the cash you paid up front could have earned elsewhere.
- Inflation. Amounts aren't adjusted for it.
- One-off costs like a big repair, tyres or a fine. Add an average under Other.
General information only, not financial advice. The result depends entirely on the numbers you enter.