Vehicle Ownership Cost API

Predict vehicle ownership cost over five years, leveraging millions of historical records from VinAudit’s database to estimate key expenses associated with owning a vehicle.

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Find out what buying a car actually costs over 5 years

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

Fact-Based Forecasting: Real-World Data for Accurate Cost Predictions

Ownership Cost for 2016 Mazda MX-5 Miata Club

VinAudit aggregates vast vehicle records daily from government and industry sources, using statistical models to predict ownership costs based on real-time market value, mileage, location, fuel efficiency, reliability, gas prices, and more.

Get an estimate of the total ownership expenses for the next five years with our ownership cost tool

Exploring Vehicle Ownership Cost Applications Across Industries

Financial Institutions

Leverage the API to assess financial risk associated with vehicle loans, enabling tailored loan terms and risk mitigation

Automotive Research

Gain insights into ownership cost trends across vehicle models, aiding in market assessment and strategic planning

Dealerships

Set competitive pricing, educate customers about long-term costs, and get personalized tips based on budget and usage patterns

Automotive Services

Offer value-added services like maintenance packages tailored to estimated ownership costs, enhancing 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

Offer value-added services like maintenance packages tailored to estimated ownership costs, enhancing customer satisfaction

VinAudit 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. Using statistical models based on historical data, 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.

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.

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 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.

Try before you sign up for Vehicle Ownership Cost API

Yes, you can run some samples or test our APIs to see how we can serve you.

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Vehicle Ownership Cost API

Find out what buying a car actually costs over 5 years

What does the Ownership Cost Tool show?

Vehicle Ownership Cost API gives access to information by VIN

Fact-Based Forecasting: Real-World Data for Accurate Cost Predictions