What Does Your Car Truly Cost You?
Most drivers only notice fuel receipts, overlooking depreciation, repairs, insurance, and hidden fees. Discover your real cost per kilometer and monthly spending in 60 seconds.
Purchase & holding horizon
Fuel, Energy & Mileage
Maintenance & Running Expenses
Personal Car vs Rideshare (Taxi)
Car Ownership Cost Breakdown
Personal Car vs Rideshare (Taxi)
ComparisonCompare daily taxi rides against the real all-in cost of vehicle ownership including depreciation.
Opportunity Cost: Investment in Bonds
What if you invested the depreciation or cost savings into compounding yield-bearing bonds at 15% annually:
Log Fuel & Car Expenses in Seconds with Monsave Bot
No more lost receipts or budget blind spots. Snap photos of gas station or repair bills in Telegram — the bot extracts the amount, liters, and category automatically.
Analytical Guide: Why 75% of Drivers Underestimate Car Costs
The "Fuel Only" Illusion
Most people assume vehicle costs equal fuel expenses. In reality, fuel rarely accounts for more than 30% to 40% of the true cost of car ownership.
The Invisible Drain: Depreciation
When buying a $20,000 vehicle, you lose $1,500 to $2,500 every single year simply through aging. That is real cash foregone when you eventually sell.
The 15% Income Golden Rule
Financial advisors recommend that all-in monthly vehicle expenses (fuel, insurance, maintenance, depreciation) should never exceed 15% of net household earnings.
Frequently Asked Questions (FAQ)
What is Total Cost of Ownership (TCO) for a vehicle?
TCO encompasses all direct and indirect expenses associated with owning a car: purchase price, fuel, resale value loss, insurance policies, routine maintenance, tires, washing, and parking.
How is annual vehicle depreciation calculated?
Brand-new cars lose 15–20% of their value in year one and 10–12% annually thereafter. Used cars aged 4–8 years lose roughly 7–10% of remaining book value per year.
When is rideshare/taxi cheaper than owning a car?
If your annual driving is under 8,000–10,000 km in metropolitan areas, using on-demand rideshare is frequently 25–40% cheaper than maintaining an owned car.