You are here:
Cars >
Calculators >
New vs Used Car Calculator

New vs Used Car Calculator

Is it better to buy a new or used automobile?

When considering financing, maintenance, taxes and other costs, buying a used vehicle may not always be cheaper than buying a new one. If you’re having trouble deciding between buying new vs used, let our car calculator help. Enter the purchase price, loan terms, interest rate, insurance, vehicle age and tax rates to compare the costs of buying new vs used.

	New	Used
Interest rate	%	%
Loan term (months) whatsThis
Down payment whatsThis	$	$
Years you will own vehicle
Monthly maintenance costs	$	$
Monthly Insurance costs	$	$
Registration costs	$	$
Purchase price	$	$
Vehicle age (years)
Your savings interest rate whatsThis	%
Your state & federal tax rates whatsThis	%
Future depreciation whatsThis	Low Average High