True Cost of Ownership — ₹10 Lakh Car
See the real total cost of owning a ₹10 lakh car over your ownership period — EMI, insurance, maintenance, fuel, and resale value — not just the sticker price.
True Cost of Ownership — pre-filled with these numbers
Opens the full calculator with these values already set, in your own currency — adjust anything and the result updates instantly.
Open calculator →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.
Does the sticker price reflect the real cost of owning a car?
No — insurance, maintenance, and fuel over several years of ownership often add up to more than people expect, which is exactly what this calculator totals up alongside the financing cost.
Is this a simplified version of the real calculator?
No — it's the exact same calculator, opened with these values already filled in. There's no separate, simplified math happening on this page; everything below adjusts once you open it.