COST WORKSHEET FOR OWNING AND OPERATING A VEHICLE (UNIT 5)
To find out how much it costs to own and operate your vehicle every year, list all the related expenses in
the table and then add them up.
See the table below for how to calculate expense amounts. For less-frequent expenses, such as tires,
estimate the cost and divide by the number of years between expenses.
IF YOUR EXPENSES ARE . . . THEN MULTIPLY BY . . .
Monthly 12 to get the annual expense amount
Weekly 52 to get the annual expense amount
TYPE OF EXPENSE ANNUAL COST
Vehicle monthly purchase payment/lease payment $
Regular operating expenses (gasoline) $
Regular operating expenses (parking) $
Regular operating expenses (tolls) $
Insurance $
Regular and long-term maintenance (oil changes, tune-ups, repairs, and parts) $
Repairs (tires, brakes) $
Registration/license fees $
Inspections or emissions fees $
Taxes $
Depreciation $
TOTAL ANNUAL COST TO OPERATE YOUR VEHICLE $
www.aarp.org/drive Smart Driver Participant Guidebook Resources 115
RESOURCES
