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**

- First, determine the monthly loan cost ($). The monthly loan cost ($) is given as 500 .
- Next, determine the monthly maintenance cost ($). The monthly maintenance cost ($) is calculated as 50 .
- Next, determine the monthly insurance cost ($). The monthly insurance cost ($) is found to be 200.
- 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 ($)