United States Department of Transportation
ROSA P serves as an archival repository of USDOT-published products including scientific findings, journal articles, guidelines, recommendations, or other information authored or co-authored by USDOT or funded partners.
As a repository, ROSA P retains documents in their original published format to ensure public access to scientific information.
i
Personal Vehicle Ownership and Operating Cost Calculator
-
2018-06-01
-
[PDF-3.37 MB]
Details:
-
Creators:
-
Corporate Creators:
-
Corporate Contributors:
-
Subject/TRT Terms:
-
Resource Type:
-
Geographical Coverage:
-
Edition:Final Report
-
Corporate Publisher:
-
Abstract:The goal of this research is to develop a tool that can help students and the public better understand the total cost of owning and operating a personal vehicle over the lifetime of that vehicle, from vehicle purchase to vehicle disposal. Lifetime vehicle operating cost consists of the vehicle purchase cost, as well as costs that are less obvious to the user (e.g., financing, fuel, maintenance, insurance, etc.). Underestimating the hidden costs embedded in lifetime vehicle operating cost can lead people to choose vehicles that are unaffordable for their financial situations. Hence, educating transportation planners, students, and the public about lifetime vehicle operating costs is important. To provide a more personalized calculation approach, the National Center for Sustainable Transportation (NCST) research team developed the Lifetime Vehicle Ownership and Operating Cost Calculator (http://costcalculator.ce.gatech.edu/). The NCST website provides users with data entry flexibility and a clear, intuitive, and interactive user-interface through which users can better understand their vehicle ownership costs. Vehicle ownership costs are calculated using lookup data and user input for such elements as: purchase price, down payment, interest rates, loan term, annual insurance, maintenance, tire, smog check, parking, tolls, etc. All lookup data can be modified as desired by the user. The cost calculator was developed using data from: 1) the USEPA Certification Test Result Database, for an assortment of vehicle make, model, model year, and fuel type data; 2) the State of Georgia Department of Revenue Motor Vehicle Division Database, for vehicle purchase price information; and 3) the US Department of Energy’s Fuel Economy Database, for fuel economy data.
-
Format:
-
Collection(s):
-
Main Document Checksum:
-
Download URL:
-
File Type:
