Estimating the total cost of owning a Nissan Rogue involves considering various factors beyond its purchase price.

1. Depreciation Cost

Depreciation is a significant factor when calculating the total cost of ownership. On average, new cars lose about 15% to 20% of their value each year. For a Nissan Rogue, consider the following:

• Initial purchase price: $30,000
• Estimated depreciation after 5 years: 60% of initial value
• Depreciation cost = Initial price x Depreciation rate

2. Insurance Costs

Insurance is another ongoing cost. Factors influencing insurance premiums include:

• Driver’s age
• Driving history
• Location

Average Insurance Cost

• Monthly Premium: $100
• Annual Total: $1,200

3. Fuel Expenses

The Nissan Rogue has an average fuel economy of about 26 miles per gallon.

Fuel Cost Calculation

4. Maintenance and Repair Costs

Routine maintenance and unexpected repairs can also add to ownership costs.

Estimated Maintenance Costs Per Year

• Oil Change: $60
• Tire Rotation: $40
• Brake Pads Replacement: $300
• Total Maintenance Cost: $400

5. Financing Costs

If you finance your purchase, you will incur additional costs from interest.

Financing Example

• Loan Amount: $30,000
• Interest Rate: 5%
• Loan Term: 5 years
• Monthly Payment: $566

6. Miscellaneous Costs

Other potential costs to consider:

• Registration and taxes
• Parking fees
• Tolls

7. Total Cost of Ownership Calculation

Now, let’s summarize the total cost of ownership based on the previous factors:

Mind Map of Costs

Ownership Cost Breakdown:

• Depreciation
• Insurance
• Fuel
• Maintenance
• Financing
• Miscellaneous