Car Buying Comparison Spreadsheet
Buying a new or used car always comes with a lot of questions. Is buying a different car worth it? Is a used car or a new car a better deal financially? How do I know if I can afford a different car?This car calculator spreadsheet helps answer these questions so you can have more confidence in your decision to purchase, or not purchase, a car. This spreadsheet lets you compare multiple vehicles. Enter the price, mileage, loan info and repair costs to estimate the overall cost and monthly upkeep.
car buying comparison spreadsheet
This spreadsheet was designed to make it easy to do side-by-side comparisons between multiple cars, including your current one, with the main decision factor being the estimated monthly cost of ownership. Some of the questions to consider are:
Should I buy a car or just keep my current one? Some of the main factors affecting this type of decision (besides just wanting a new look) may include gas mileage, maintenance costs, and the cost of financing. Another more subjective consideration has to do with reliability, or how long you expect the car to last. You may feel forced to get a new car to fit your growing family, but comparing the cost of your current vehicle may still be important because you tend to know a lot more about the expenses of your current vehicle, which may help you have a benchmark for comparison. If you want to calculate the specifics of the auto loan that would come with the purchase of a car, check out our Auto Loan Calculator.
Should I buy or lease a car? Although leasing a car is typically more expensive than buying used and sometimes more expensive than buying new, comparing the cost of leasing a car can provide a useful benchmark. Leasing a car is typically a short term solution, and may have other drawbacks such as mileage restrictions, hidden fees, or contract length (penalties for terminating the contract early for example).
Should I buy a new or used car?If you can find a good used car, then it will almost always be a better financial decision (lower monthly and total costs) to get the used car. Although this spreadsheet does not show the effect of buying new vs. used over a 10-30 year period, the total purchase cost and total financing cost over the long term will usually be much higher for a brand new vehicle. If you are thinking of buying new, don't underestimate the maintenance costs. If you can avoid buying a lemon, you may get by for a few years with just the routine maintenance costs, but it won't be long before you need new tires, new brakes, etc. A resource that may be helpful long term is our Vehicle Maintenance Log where you can keep track of your vehicles' maintenance to refer back to when needed.
I recently purchased a new (used) car. In the process I created an Excel spreadsheet to help me analyze the long term cost of owning different cars. For some guidance on what goes into the calculations, I consulted Vincentric, a research firm in Bingham Farms, Mich. Vincentric specializes in calculating cost of ownership for vehicles and tracks more than 2,000 models. They sell their software to fleet managers, car dealers, banks and car manufacturers.
Input your own driver, vehicle, financing and fuel costs to personalize your estimates and find the least expensive long-term vehicle option. Choosing the right vehicle will save you thousands of dollars over the next few years. The spreadsheet is available for sale from my Research Offers page.
There were lots of good choices so I decided to make a spreadsheet! Anyone who knows me will tell you that I probably spend more time making spreadsheets than I do actually saving time with those sheets... That may or may not be true but either way, I love making spreadsheets!
Alright, lets get complicated! So the next thing I wanted to do was to see how much each car should be worth based on all the other cars. So in column H I calculated how much the car should cost based on it's mileage. The formula I used is one that I discovered while building this spreadsheet, "TREND".TREND is a formula that finds the "line of best fit" using the "least squares method." Basically that means that we could graph all of the cars' mileage vs their price and draw a line that is as close to all the points as possible. Then, it looks at the mileage and calculates what the price should be if it was right on that trend line.
That's quite a spreadsheet, but after owning a car that looked like a good deal on paper, but then I ended up having to fix it every week.. I'm more interested in reviews for vehicles than saving a couple hundred bucks on a rolling hunk of junk. LOL That being said I've been quite happy with Hyundais and my Nissan Frontier which needed minimal or no repairs. (I replaced the shift linkage in the truck, but nothing in the hyundai.) Maybe I'll ask my mechanic which vehicle make/model they end up fixing the most?
A cost comparison template helps you analyze different options side by side and maximize your budget. Not only does it save you time and money, but it can also boost your confidence when it comes to purchasing decisions.
A grocery cost comparison worksheet is helpful for money-savvy shoppers who want to find the best deals on food and other household items. This type of template can help you compare the cost of groceries from different stores, or compare the same type of product offered at different prices.
A travel price comparison template can help you find the best deals on airfare, hotels, and car rentals. This type of template is handy for business travelers or vacationers who want to get the most bang for their buck.
On monday.com Work OS, you can connect your cost comparison board and sync data to and from your budget to make more educated purchasing decisions. That way, you can know if you need to go for the cheapest option or if you can opt for convenience, like a local supplier.
One of the best ways to use our price comparison template is to track cost data over time. By doing this, you can spot trends and get an idea of how prices fluctuate. This information can help you predict when prices are likely to go up or down and make smarter purchasing decisions.
Not every task in your cost comparison process needs manual input. With the power of automation, you can save time and energy by letting a platform like monday.com Work OS handle routine or mundane administrative tasks like:
If you want to skip straight to step three and let the spreadsheet calculate comparisons itself, you can use our cost comparison template. If you prefer to work with Excel, you can even export it as a fully functioning XLS file.
To compare prices, you need to collect pricing information from products and services offered by different companies in the same industry. Once you have that information, you can plug it into a spreadsheet so you can start analyzing the costs.
The Pre-Travel Worksheet provides your Authorizing Official (AO) with cost comparison information when creating your DTS authorization or MyTravel request. Unless your business rules dictate otherwise, this worksheet is required for en-route transportation mode(s) other than Commercial Air or Government transportation. Your AO will determine whether the travel mode(s) is authorized and if you will be subjected to a limited reimbursement.
Luckily, it is possible to build a solution that can serve as a college comparison spreadsheet template this year and for years to come, should they need to revisit their options or simply want to pass it down to a younger sibling.
If your student needs a robust college planning spreadsheet, they need to track the right information. Everything from the size and location of the school to admission requirements to costs is worth listing if they want to make a comparison.
However, they should feel free to define a few personal measures as well, such as whether certain amenities are available, to examine points they value. If they score multiple criteria, they can also add an extra column that calculates an average, to make comparison simpler.
Data about the total costs, financial aid packages, and chances for merit-based awards allow the document to work as a college cost comparison spreadsheet, which helps your student to determine affordability.
In the end, a college comparison spreadsheet is only valuable if the data is accurate. Selecting reputable and reliable sources is a must. Otherwise, flawed information could lead your student to make a decision based on an inaccuracy.
First, should their computer completely crash (such as from a dreaded hard drive failure), their spreadsheet is gone. While that may not hurt if they just created it, after they spend a few hours adding data, it could be a massive loss.
Many cloud storage systems can be accessed from nearly any device, anywhere. Most come with mobile apps, meaning your student can get to (and potentially edit) their college comparison worksheet from their smartphone.
One of the best things about the document your student creates is how easily it can become a college selection spreadsheet. Whether your student uses Microsoft Excel or Google Sheets, the result is a highly sortable and filterable spreadsheet.
While each college cost comparison calculator is different, choosing a comprehensive one allows your student to more accurately examine what selecting a particular school means from a financial perspective.
Your student can add all of these costs to their larger college comparison worksheet, though it will certainly take additional time. Often, your student should use the base information to narrow down their list first, then add these details in to get a better picture regarding their top choices.
I am trying to make a simple spreadsheet that compares the cost of auto parts from several companies and returns the name of the company that has the lowest price in a specific cell. I cannot find a function that seems to do this, any help would be great. 041b061a72