The True Cost of Owning a Luxury Car
That $60,000 luxury car may cost far more than its sticker price over time. Depreciation alone on a luxury vehicle can exceed $10,000 in the first year. Add premium insurance, higher maintenance costs requiring specialized dealers, and potential fuel costs for larger engines, and you may be spending $15,000–$25,000 per year in total ownership costs. This calculator helps you see the full picture before you sign.
Annual depreciation is calculated as purchase price × depreciation rate. Fuel cost is annual miles ÷ mpg × fuel price per gallon. All costs are summed to show monthly, annual, and 5-year totals.
Frequently Asked Questions
Japanese luxury brands (Lexus, Acura, Infiniti) generally have lower maintenance costs than European counterparts (BMW, Mercedes, Audi, Land Rover). Lexus in particular is known for exceptional reliability relative to its price point.
CPO vehicles can reduce upfront depreciation impact and often include extended warranty coverage, reducing surprise repair bills. However, insurance and fuel costs remain the same as the equivalent model.