Enter the monthly loan cost ($), the monthly maintenance cost ($), and the monthly insurance cost ($) into the Total Car Cost Calculator. The calculator will evaluate and display the Total Car Cost. 

Total Car Cost Formula

The following formula is used to calculate the Total Car Cost. 

TCC = LC + MC + IC

  • Where TCC is the Total Car Cost ($)
  • LC is the monthly loan cost ($) 
  • MC is the monthly maintenance cost ($) 
  • IC is the monthly insurance cost ($) 

How to Calculate Total Car Cost?

The following example problems outline how to calculate Total Car Cost.

Example Problem #1

  1. First, determine the monthly loan cost ($). The monthly loan cost ($) is given as 500 .
  2. Next, determine the monthly maintenance cost ($). The monthly maintenance cost ($) is calculated as  50 .
  3. Next, determine the monthly insurance cost ($). The monthly insurance cost ($) is found to be 200.
  4. Finally, calculate the Total Car Cost using the formula above: 

TCC = LC + MC + IC

Inserting the values from above yields: 

TCC = 500 + 50 + 20 = 750.00 ($)


Example Problem #2

The variables needed for this problem are provided below:

monthly loan cost ($) = 300

monthly maintenance cost ($) = 100

monthly insurance cost ($) = 100

Entering these values and solving gives:

TCC = LC + MC + IC = 500.00 ($)