Finn

This calculator is a great tool if you're debating whether to finance a brand-new ride or buy an older vehicle with cash. It cuts through the noise by comparing the 'sunk costs' of both options over three years—specifically, the money you lose forever to depreciation, loan interest, and repairs. Keep in mind that it doesn't factor in insurance premiums or registration fees, which are typically much higher for newer vehicles. Even without those extras, seeing the side-by-side wealth drain is a real eye-opener for your budget.

Reviewed v26.6.0