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Be Car Conscious

COST-TO-DRIVE CALCULATOR

Cars are convenient little buggers. They sit in the driveway ready to get us where we need to go. And they don't cost that much, right? Well, they kind of do.

The truth is, most Vermonters don't have a sense of how much it really costs to own and drive a car. That's why we've put together this easy calculator to help you be more conscious of your true driving costs. Ready to get started?

Let's go

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How much do you think it costs to operate your primary vehicle for one year?

Your Guess:

What's your zip code?

Depreciation is one of the most significant, yet most over-looked, costs of car ownership. A new car loses 20% of its value the first year you own it, and 15% every year thereafter. That means in just five short years, your shiny new car will be worth less than half of what you paid for it! That's real money out of your pocket if you ever decide to sell or replace it. And used cars don't fare much better. Whomever you bought it from took the biggest hit, but you can still expect to lose 15% per year in value as long as you own it. Who knew?!