} else if (curElNm.indexOf("RCmnth") > -1 ){ chgYrs = new Number(document.frmCC.chgYrs.value); Have the issues with 1.5-litre petrol engines in VW cars been resolved? We’re looking at the cost of owning a car across a 31-day month. calcFuelBill(); document.frmCC.chgYrsB.value = chgYrs; Some links in this article may be affiliate links. "Always a pleasant experience apart from paying, very professsional and friendly. There is also a cell to include monthly payments and insurance so the spreadsheet can provide total average cost per mile or per day. http://www.irs.gov/Tax-Professionals/Standard-Mileage-Rates. For most motorists the deal-breaker is cost, something that extends beyond the purchase price and fuel consumption. British family forced to rent out their home and borrow from friends after being hit by €80,000 in mortgage fees on Berlin property plan that went wrong. gtvls(); document.frmCC.costMileRnd.value = costMileRnd; Enter the variables for your current or proposed car. The program mentioned in Pugugly's post also seems worth a look as it's available on free trial. if (invalChkr(loanAmt) && invalChkr(loanRt) && invalChkr(loanTrm)){ It’s the last column that you need to focus on – the cost of running each car for those three years with the final figure being the cost per mile. The higher the mileage the higher the cost per mile. I imagine that changes drastically based on car as my maintenance is much much higher than that. costMile = costYr/mileage; var annual_fuel_consumption = new Number(mileage/mpg); mnthLoanRpy = calcMtnhPy(loanAmt,loanTrm,loanRt); [Manulife Bank] Use our car cost calculator to see how you spend your driving dosh. var runningCostMnth; You may also be interested in the Tools wiki page. plcs = (!plcs ? Use our car cost calculator to see how you spend your driving dosh. © All content copyright Cambria Automobiles plc 2010-2020 It can compare multiple vehicles' initial costs, calculate total costs based on several variables, and shows you which car is the cheapest based on all your inputs. runningCostMnth = new Number(); That is often your lowest cost car to drive when all factors are taken into account. There are many costs associated with owning a car, and many are often overlooked. costYrRnd = round(costYr,2); We are no longer accepting comments on this article. What is Ford doing about the fire issue on the new Kuga PHEV? Volkswagen launches electric ID.4 crossover, Insurance renewal 'loyalty tax' to be banned under new FCA proposals, www.honestjohn.co.uk/forum/post/index.htm?t=13782. } My licence expires soon. Here's a link to the calculator (please download and open in Excel 2007 or later or it will not work properly): https://drive.google.com/file/d/0Bwh55ji-AzRYbzhVUUs4QWpjS2M/view?usp=sharing. Works out everything for you in any combination of units (litres/KM, Gallons/Miles and Litres/Miles) brilliant. }. Click the "Calculate" button if you need to update your results. This can save up to 20% on your weekly fuel price. Feel free to edit them based on which vehicles you want to compare. I see people here on r/personalfinance asking questions about which car they should get, whether or not they can afford this or that car, etc all the time. This calculator will help you calculate the total cost of running your car. Enter the variables for your current or proposed car. It's certainly not perfect and if you have any way of doing it more accurately I'd love to hear it. var loanTrm; This feature lets you determine how good a deal you are getting on toilet paper purchases. The website now says no paper applications until further notice. return monthly_payment; costMnth = costYr /12; That is often your lowest cost car to drive when all factors are taken into account. } var runningCostAnn; Fancy a new car and trying to figure out how much it’ll set you back? I'm open to suggestions as well if you guys can think of any more useful features I could add in! What are you waiting for? Before you buy a new car, it is a great idea to take a look at the ongoing costs – so you know what effect the car will have on your budget into the future. ok = true; I put together a fairly basic Excel calculator that I hope helps people who are shopping for a car. for (i=0;i