calculate modo.

Find out just how much you pay each year to own your car.

To compare, most Modo drivers pay around $117 a month ($1404 a year). That’s only if they drive though. If you don’t drive, you don’t pay. It’s as simple (and fair) as that.

 

car ownership calculator

fixed costs
Your car's purchase price $
Subtract the expected sale value $
Total depreciation $
Number of years you expect to own ÷
Annual depreciation $
Annual insurance cost $

total fixed costs

$

other annual costs
Maintenance $ Average: $425 *
Tires and major repairs $ Average: $389 *
Roadside assistance $
Miscellaneous $

total other costs

$

variable monthly costs
Monthly gas costs $ Average: $156 *
Monthly parking costs $
$
× 12 months

total variable costs

$

total yearly estimate

$

* Based on a compact car driven 18,000km per year, with gasoline at $1.30 per litre. Estimates are from CAA's 2010 Driving Costs brochure.

How does it work?
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