A Keeper is Cheaper

Is keeping your old car cheaper? Should you buy a new more fuel efficient car? Use our handy calculator to estimate your expenses based on a new 4 year loan -vs- keeping your car 8 years. In most cases it pays to keep an older car in good repair, even if a newer car gets better mileage. Of course there are many factors to consider and this is only an estimate.

Current Vehicle Value	$
New Vehicle Purchase Price	$
Loan Interest Rate	Select Rate 0% .5% 1% 1.5% 2% 2.5% 3% 3.5% 4% 4.5% 5% 5.5% 6% 6.5% 7% 7.5% 8% 8.5% 9% 9.5% 10% 10.5%
Average Gas Price Next 4 Years	Select Gas Price $2.50 $2.75 $3.00 $3.25 $3.50 $3.75 $4.00 $4.25 $4.50 $4.75 $5.00 $5.25 $5.50 $5.75 $6.00 $6.25 $6.50 $6.75 $7.00 $7.25 $7.50 $7.75
Current Vehicle Mileage
Miles Driven Per Year	Select Annual Mileage 4000 5000 6000 7000 8000 9000 10000 11000 12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 24000 25000
Vehicle MPG	Select MPG 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50	Select MPG 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50
	Keep Old Car 8 Years	Trade in old car and buy new car after 4 years
Mileage At End Of 4 Years
Total Car Payments	$	$
Gas and Oil	$	$
Licence Registration and Taxes	$	$
Insurance	$	$
Repairs, Maintainance, Tires	$	$
Total Expenses	$	$
Minus Resale Value At End	$	$
Total Costs	$	$
Difference	$	$