🚗 Should I Buy a Car Calculator
Thinking about a new car? Compare the true cost of buying vs keeping your current ride.
gas + maintenance + insurance for current car
gas + maintenance + insurance for new car (lower if efficient)
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5-year cost comparison
Adjust the inputs above and click calculate.
Last updated: June 18, 2026
How this calculator works: It compares the total 5-year cost of buying a new car (loan payments + down payment + gas/insurance/maintenance) vs keeping your current car (current gas/insurance/maintenance + potential repair costs). Loan payments are calculated using standard auto loan amortization. This is for reference only. Actual costs vary by make, model, location, and driving habits.
How this calculator works: It compares the total 5-year cost of buying a new car (loan payments + down payment + gas/insurance/maintenance) vs keeping your current car (current gas/insurance/maintenance + potential repair costs). Loan payments are calculated using standard auto loan amortization. This is for reference only. Actual costs vary by make, model, location, and driving habits.