CA
US
Vehicle Ownership Cost API
Forecast vehicle ownership expenses over five years using millions of historical records from VinAudit’s database to estimate key expenses related to vehicle ownership in Canada.
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What does the Ownership Cost Tool show?
The cash price for a car doesn’t reveal how much a car actually costs to own. If you buy a car, use it for 5 years, and then sell it — the actual cost is the “depreciation” of a car over those 5 years, plus all the additional expenses associated with owning the car. Our ownership cost tool estimates the true cost of ownership over the next 5 years, including:
Vehicle Ownership Cost API gives access to information by VIN
| Parameters | Description | Example |
| Make / Model / Trim | The vehicle title (Year, Make, Model, Trim) | 2016 Mazda MX-5 Miata Club |
| Depreciation cost | Depreciation: the loss of market value due to age and mileage | [1677, 1548, 1419, 1290,1161] |
| Insurance cost | Insurance: the expected cost of insurance for this vehicle type | [1856, 1921, 1989, 2058, 2130] |
| Fuel cost | Fuel: the cost of gas based on the vehicle’s fuel efficiency | [1279, 1317, 1363, 1418, 1481] |
| Maintenance cost | Maintenance & Repairs: covering routine & unexpected issues | [2710, 1890, 1186, 1370, 2267] |
| Repairs cost | The estimated yearly repairs cost | [971, 1133, 1291, 1411, 1620] |
| Fees cost | Taxes & Fees: covering sales tax and other state fees | [1163, 132, 169, 108, 150] |
| Total yearly cost | The estimated yearly total cost | 9656 |
| Total 5 years cost | The estimated overall total cost over the next 5 years | 8810 |
Reliable Ownership Cost Insights with Fact-Based Forecasting
VinAudit gathers vast amounts of vehicle data daily from public and industry records in Canada. Combining this with real-time market values, mileage, location, fuel efficiency, reliability, and even gas prices, VinAudit’s sophisticated models predict your future ownership costs.
Access our ownership cost tool to calculate anticipated expenses over the next five years, including:
Depreciation: the loss of market value due to age and mileage
Insurance: the expected cost of insurance for this vehicle type
Fuel: the cost of gas based on the vehicle’s fuel efficiency
Maintenance & Repairs: covering routine & unexpected issues
Taxes & Fees: covering sales tax and other state fees
Access our ownership cost tool to calculate anticipated expenses over the next five years, including:
Depreciation: the loss of market value due to age and mileage
Insurance: the expected cost of insurance for this vehicle type
Fuel: the cost of gas based on the vehicle’s fuel efficiency
Maintenance & Repairs: covering routine & unexpected issues
Taxes & Fees: covering sales tax and other state fees
Exploring Vehicle Ownership Cost Applications Across Industries
Financial Institutions
Leverage the ownership cost API to assess loan affordability, set ppropriate terms, and mitigate default risks
Automotive Research
Analyze trends and forecast expenses across vehicle models for market assessment and strategic planning
Dealerships
Estimated ownership costs can be used for competitive pricing and personalized tips based on budget and usage trends
Automotive Services
Use projected ownership costs to customize value-added maintenance packages to boost customer satisfaction
Car Sales and Marketplaces
Set competitive pricing, educate customers about long-term costs, and get personalized tips based on budget and usage patterns
Insurance Companies
Utilize cost projections to offer more accurate and competitive insurance rates tailored to individual car ownership scenariosVinAudit Ownership Cost: Frequently Asked Questions (FAQs)
How does VinAudit estimate a vehicle’s ownership cost?
As a vehicle history provider, VinAudit continuously aggregates millions of vehicle data from government agencies and industry partners in the US and Canada. Using statistical models based on historical data in Canada, the ownership cost API predicts the vehicle’s real-time market value, the vehicle’s yearly mileage, fuel efficiency, reliability, gas prices, labor costs, vehicle owner’s state, and other factors.
Can the Ownership Cost API provide values for a specific VIN or make, model, and year?
Our API is designed to provide market values for VINs and a wide array of makes, models, and years. This level of specificity ensures precise estimations tailored to the unique characteristics of each vehicle.
What are the parameters that can drive the Ownership Cost API output?
Subscribers in Canada have the option to specify the vehicle’s current and annual projected mileage as well as the state where the vehicle is registered. This adaptability enables customized and precise valuation, adjusting the output based on the user’s selected mileage and timeframe for enhanced accuracy.
How can I set up the Vehicle Ownership Cost API?
- Sign up for an API-enabled account or set up a demo account.
- Log in to your account to access your API key.
- Using your application, make HTTPS requests to the VinAudit API server (api.vinaudit.com).
- Download the output as a JSON, XML, or PDF.