True Cost of Ownership
The real lifetime cost of a car — not just the sticker price or the EMI.
The real lifetime cost of a car — not just the sticker price or the EMI.
The True Cost of Ownership takes your own numbers and projects the result using the method described below, showing every assumption rather than a single opaque figure.
Total cost = down payment + every EMI actually paid during your ownership period + insurance/maintenance/fuel over that period, minus what you get back at resale. EMI uses the standard reducing-balance formula; if your ownership period runs longer than the loan tenure, the loan is treated as fully paid off for the remaining months.
A personal-use car generally carries no income-tax deduction in India — no depreciation, no interest deduction, unlike a home loan. If the vehicle is genuinely used for business, a portion of running costs and depreciation may be deductible; check with a CA, since the rules depend heavily on actual usage split and documentation.
Is the True Cost of Ownership's result a fixed outcome?
No — every figure here is an illustrative projection based on the assumptions you enter, not a promised or fixed return. Change any input to see how the result moves.
Is tax already accounted for?
A personal-use car generally carries no income-tax deduction in India — no depreciation, no interest deduction, unlike a home loan. If the vehicle is genuinely used for business, a portion of running costs and depreciation may be deductible; check with a CA, since the rules depend heavily on actual usage split and documentation.
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