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New vs Used Car Calculator

Compare the estimated ownership cost of buying a new car versus a used car.

Inputs

Change the figures to compare estimated costs.

How we calculate this

Resale value is estimated by applying an annual depreciation rate for the years owned.

Depreciation cost is purchase price minus estimated resale value.

Total cost adds depreciation and annual maintenance over the ownership period.

FAQs

Are depreciation rates exact?

No. They are placeholders and should be adjusted for the car, age and market.

Does this include finance?

No. Use the car finance stubs separately for payment comparisons.

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