Car Running Cost Calculator
Adds up the true monthly running cost of a car from fuel, maintenance, insurance and other regular outgoings.
Enter your numbers
Example: 8000
Example: 2000
Example: 12000
Example: 1000
Recent
Formula
How the calculation works
Fuel and maintenance are entered as monthly figures, while insurance is an annual premium divided by twelve to spread it evenly.
Adding fuel, maintenance, the monthly insurance share and other costs such as parking and tolls gives the full monthly running cost.
The sample figures of 8,000, 2,000, 1,000 and 1,000 taka add up to 12,000 taka a month to keep the car on the road.
Common mistakes
- Leaving out depreciation hides the largest long-term cost, since a car loses value every year even when the fuel bill looks modest.
- Entering the annual insurance premium as a monthly amount inflates the total roughly twelve times, so always divide it by twelve first.
When to use it
- Use it before buying a car to see whether the monthly running cost fits your budget alongside the loan payment.
- Use it to compare a petrol car against a smaller or electric one across fuel and maintenance over a year.
Worked example
With fuel 8,000 taka, maintenance 2,000 taka, insurance 1,000 taka a month and other 1,000 taka, the car costs 12,000 taka monthly.
Common questions
Why is the insurance divided by twelve?
Insurance is usually paid once a year, so dividing the premium by twelve spreads it across the months and lets it sit beside the monthly fuel and maintenance figures.
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