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    Which vehicle will cost less to own after 7 years?      
    Instructions: Fill in the 'Yellow' fields, then review the 'Business Case Summary' tab      
    When considering buying a Gas, Hybrid, or Electric vehicle, it's crucial to comprehend how the costs add up. While the purchase price is a significant factor, it's essential to factor in the depreciation, resale value, maintenance and repairs, as well as charging station and electricity costs.      
      Op. 1   Op. 2    
    Vehicle Details            
    Make and Model        
    Power Train
 
     
                 
    Purchase Information            
    Vehicle Price        
    Trade-in value        
    Net purchase price        
    Freight & PDI        
    Other Fees        
    Taxable Total        
    Taxes Rate        
    Taxes ($)        
    Government Incentives and Rebates            
    Total Purchase Price        
                 
    How will you finance the purchase?            
    Down Payment        
    Amount Financed        
    Interest rate        
    Financing Term
 
     
    Interest        
    Principal        
    Total Monthly Car Payment        
                 
    Annual Expenses            
    *CarEdge.com can estimate Insurance and Maintenance. Adjust to your currency exchange.            
    Insurance        
    Maintenance        
    Features, Subscriptions, etc.        
    Total Expenses        
                 
    Gas or Hybrid Engine Fuel Costs            
    KMs Driven (annually)        
    Average Gas Price / Litre        
    Fuel Economy (Litres / 100 km)        
    Cost to drive 100 km        
    Annual Gas Engine Costs        
                 
    Electric Vehicle Electricity Costs            
    KMs Driven Annually        
    Cost per kW hour for Charging        
    Electricity Consumption (kW / 100 km)        
    Average Cost to drive 100 km        
    Annual Home Charging Costs        
    Annual Public Charging Estimate        
    Annual Electric Motor Costs        
                 
    EV Charger Installation            
    Charger Purchase Price        
    Charger Installation        
    Panel and Cabling Upgrades        
    Government Incentives and Rebates        
    Total Charger Installation Costs        
                 
    Sale Value @ Year 7            
    *Search your vehicle at CarEdge.com, and use the depreciation % estimate at year 7.            
    Sale / Residual Value after 7 years        
    Estimated Value at Year 7        
    Depreciation Rate annualized        
    Kilometers Driven        
                 
    Assumptions that apply to both scenarios      
    Changes in Gas Prices          
    Changes in Electricity Prices          
    Changes to Insurance Rates          
    Alternative Investment Options or Discount rate          
                 
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Business Case Summary
                           
     
                           
    Business Case Summary    
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      7 Year Costs Summary: Purchase and Financing Costs + Operating Costs - Sales Value at Year 7 = Net 7-Year TCO    
    Option 1 - Buy a new Car + - =    
    Option 2 - Buy a used Car + - =    
      + - =    
      *TCO = Total Cost of Ownership                  
      This business case serves as a starting point for your analysis. You should carefully evaluate your assumptions, and share this with your financial advisor if you have more questions.    
                           
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Numbers Matter
 
                 
   
   
   
       
Business Case Details
                   
     
    Each numbered item has the details expanded further below.

Assumes either car is sold after 7 years of ownership.

This analysis provides directional guidance. You should review these decisions in detail with your financial advisor or accountant.
 
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    1B  
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    1 Total Cost of Ownership over 7 Years          
           
          Difference    
      Purchase and Financing    
      Operating Expenses    
      Less the Sale Price @ Year 7    
      Net Cost of Ownership (after Sale)    
      Average Cost / KM driven    
                   
       
    2 Purchase and Financing          
           
          Difference    
      Purchase price (after trade-ins, taxes)    
      Finance costs / Interest    
      Total Costs    
      Monthly Payment    
                   
       
    3 Operating Expenses over 7 Years          
           
          Difference    
      Depreciation    
         
         
         
         
         
      Total      
                   
                   
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Numbers Matter