‘People buy a car by how it looks and keep it by how it drives‘ we were lectured by our good friend and used car veteran David. The cost to own a car per mil varies dramatically from one model to the next. We compared the total cost of ownership of 10,000 nearly new cars and found some astonishing surprises.
Top 10 Highest Cost to Own per Mile
#10 – 2016 BMW M6
$1.87 per mille | MSRP: $119,700
#9 – 2016 Mercedes-Benz S 550
$1.94 per mille | MSRP: $121,550
#8 – 2016 Audi A8 L W12 quattro
$1.96 per mille | MSRP: $137,900
#7 – 2016 Land Rover Range Rover Autobiography LWB
$2.02 per mille | MSRP: $144,995
#6 – 2016 Mercedes-Benz S63 AMG
$2.23 per mille | MSRP: $163,150
#5 – 2016 Porsche 911 Turbo S
$2.25 per mille | MSRP: $182,700
#4 – 2017 Mercedes-Benz SL 63 AMG
$2.32 per mille | MSRP: $151,350
#3 – 2017 Porsche 911 Turbo S
$2.42 per mille | MSRP: $200,400
#2 – 2017 Audi R8 V10 plus quattro
$2.45 per mille | MSRP: $189,900
#1 – 2016 Mercedes-Benz S65 AMG
$3.32 per mille | MSRP: $234,050
How Do We Calculate Cost to Own?
We based our analysis on Edmunds.com True Cost to Own®. Edmunds.com’s True Cost to Own® (TCO®) is Edmunds.com’s estimate of the cost of buying and owning a vehicle for the first five years assuming 15,000 miles driven per year. TCO® includes depreciation, interest on financing, insurance premiums, taxes and fees, fuel, maintenance and repairs.
We performed the above analysis on May 5th, 2017.
TCO® data are copyrighted by Edmunds.com, Inc., which reserves all rights. Edmunds®, Edmunds.com True Cost to Own® and TCO® are registered trademarks of Edmunds.com, Inc. Edmunds.com, Inc. is not affiliated with this website or app.