Calculate, compare, understand, decide

New vs Used Car Calculator

Compare the estimated cost of owning a new car and a used car over the same period, including financing, fuel, insurance, maintenance and resale.

Interest rates, prices, premiums and other defaults below are editable examples, not current market data. Replace them with your own quotes and current local prices.

Shared assumptionsHow long will you keep the car?yearsDistance driven each yearkmFuel price₹/L

Enter today's local price; no live fuel price is used.

New carNew car on-road price₹New car down payment₹New car loan rate%/yearNew car loan tenuremonthsNew car mileagekm/LNew car insurance₹/yearNew car maintenance and repairs₹/yearNew car expected resale at the end₹

Used carUsed car price (including transfer costs)₹Used car age nowyearsUsed car down payment₹Used car loan rate%/yearUsed car loan tenuremonthsUsed car mileagekm/LUsed car insurance₹/yearUsed car maintenance and repairs₹/year

Include a buffer: the car's repair history is unknown.

Used car expected resale at the end₹

Smart result

Your estimate will appear here

—based on your details

Change any editable assumption, calculate, then review the steps, assumptions and limitations before deciding.

How this estimate works

Each option's ownership cost is the value it loses (price − expected resale) plus loan interest paid while you own it, fuel, insurance and maintenance. Principal is not added again because it is already part of the price.

Formula

Cost = (price − resale) + interest while owned + fuel + insurance + maintenance
Fuel = km per year ÷ km/L × ₹/L × years
Break-even extra used-car repairs = cost difference ÷ years

Limitations

A used car's history, accidents and hidden faults are unknown to the calculator.
Warranty, safety and reliability differences are not priced.
Running costs are flat across the period.

Data used

No official dataset is used. Every rate, price and premium is entered by you or is a labelled, editable assumption.

Methodology Data sources My Decision Report

Car loan EMICalculate car loan EMI, total interest, total loan payments and cash outlay with a year-by-year reducing-balance schedule.Car ownership costEstimate the full cost of owning a car, with depreciation, loan interest, fuel, insurance, service, repairs and parking, plus annual, monthly and per-km cost.Depreciation & resaleProject an illustrative year-by-year resale value from your own market estimate or an editable depreciation rate, with sensitivity to faster or slower value loss.Car insurance estimateBuild a multiyear car insurance budget from editable planning assumptions and compare the real quotes you receive side by side.

Frequently asked questions

Why is the down payment not in the total?+

The whole price is already counted through depreciation. Adding the down payment or principal as well would count the same money twice.

How should I set used-car maintenance?+

Use a mechanic's inspection and add a buffer. The break-even figure shows how much extra repair cost would erase the used car's advantage.

How accurate is this new vs used car comparison?+

It will provide an indicative estimate based on your inputs and the stated assumptions. Actual results can vary by location, equipment, tariff, and usage.

Can I use the result to make a purchase?+

Use it as a starting point, then confirm current prices, specifications, eligibility, and site requirements with a qualified provider.