A real estimate of what a car costs to own, depreciation, fuel, insurance, maintenance, financing, and provincial sales tax, over the years you'll have it. Toggle between just the cost to drive it off the lot and the full cost of ownership. Trade-in factored in so you can see what the HST saving actually looks like.
Adjust the inputs to see your estimate.
Adjust the inputs above, the calculator will surface the most useful insight for your scenario.
Sales tax is calculated on (price minus trade-in plus luxury tax) using the rate for the province you select, matching the dealer-purchase rules in most provinces. Federal luxury tax applies to new vehicles over $100k at the lesser of 10% of total or 20% of the amount above $100k, used vehicles are exempt. Used cars also skip the year-one depreciation cliff (someone else already ate it), so all years are modelled at the gentler annual rate. Depreciation curves are derived from public auction data and Canadian-market averages. Fuel cost assumes $1.65/L gas, EV cost based on $0.16/kWh. Insurance estimates assume a 35-year-old Toronto driver with a clean record, your real number can be ±40% from this. Maintenance is modelled as a percentage of purchase price scaled by category, age, driving mix, and mileage (about 30% of upkeep is time-based annual servicing and 70% wears with kilometres). Real-world numbers will vary; for a truly precise estimate on a specific car, book a call.
Every Carsmenskii consulting engagement includes a real TCO projection for the specific car I'm sourcing – based on its trim, options, year, and mileage, not a generic average. Free 15-min call to scope it.