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Corvette Cost Comparison Calculator

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When buying a Corvette most people fail to consider ALL of the expenses that will be generated by their purchase.  And because nearly all Corvette buying scenarios come with different variables (depreciation rates, interest rates, purchase prices, insurance costs, mpg ratings, restoration costs, etc.), it becomes extremely difficult to compare one buying scenario with another.  This calculator will not only help you to forecast the REAL COST of buying and owning a Corvette, but it will also help you to more accurately compare the real cost of one car buying scenario with the real cost of a second car buying scenario.

Shortcut:  Fill in all the blanks in the Scenario #1 column and then click on "Compute Purchase & Ownership Costs."  This will automatically copy Scenario #1 values into the Scenario #2 column.

Corvette Cost Comparison Calculator Purchase Scenario #1 Purchase Scenario #2
Enter the total price of the Vettes, including options:
Enter the applicable sales-tax percentage:
Enter the annual cost of licensing this Vette:
Enter the cost of the extended warranty, if applicable:
Will you be financing this Vette? ("y" or "n"):
Enter the amount of your down-payment:
Enter the financing rate (Annual Percentage Rate):
Enter the number of months financed:
Enter annual insurance premium:
Enter the number of miles you expect to drive this Vette per year:
Enter the Vette's estimated Miles Per Gallon rating:
Enter the local cost of one gallon of gasoline:
How old (years) is these Vettes?:
How many years do you expect to own these Vettes?:
Enter an estimated monthly maintenance and repair cost:

   
Tax, License, and Extended Warranty Costs:
Depreciation Costs:
Finance Costs:
Insurance Costs:
Fuel Costs:
Maintenance & Repair Costs:
Total cost of buying and owning the car:
Annual cost to own and operate this vehicle:
Cost per mile:

Summary:

This calculator was developed by Daniel C. Peterson.  The format of the calculator has been altered by The Corvette Action Center in order to blend in with the rest of the site, however the calculations remain unaltered.  The accuracy of this calculator and its applicability to your circumstances is not guaranteed.  You should obtain professional advice regarding the issues covered by this calculator from qualified personnel.
Copyright © 1997 Daniel C. Peterson  All Rights Reserved.