Total Cost of Ownership
Get started with Total Cost of Ownership API with our step-by-step guide.
Overview
The Total Cost of Ownership (TCO) API offers a detailed breakdown of the costs associated with vehicle ownership. By providing the VIN
and ZIP Code
, you can receive a comprehensive breakdown of the costs involved in owning the vehicle, enabling informed purchasing decisions.
In this guide, we’ll follow an example scenario:
Chris from Minnesota is considering buying a Toyota Tacoma and wants to estimate the total cost of ownership. He does not know what the all-in cost of taxes, fees, maintenance, repairs, insurance, etc.
To complete this scenario, you will need to:
- Find a vehicle
- Send a request
- Review the data
Walkthrough
Find a vehicle
Chris searched online and found a Toyota Tacoma he wants to buy and gets the VIN.
3TYSZ5AN8PT104981
Send a request
Chris sends a request to the TCO API with the vehicle’s VIN and his ZIP code.
Review the data
Chris receives a response with detailed information about the total cost of ownership for the Toyota Tacoma. He reviews the data carefully before making any financial decisions, as it may impact sales, taxes, and other financial outcomes.
{
"vehicle": {
"vin": "3TYSZ5AN8PT104981",
"year": "2023",
"make": "Toyota",
"model": "Tacoma"
},
"zip": "55414",
"tco": {
"total": {
"taxesAndFees": 4435,
...
},
"years": {
"1": {
"insurance": 1300, // Estimated 1st year insurance costs
"maintenance": 67, // Estimated maintenance costs
"repairs": 0,
"taxesAndFees": 3479, // Sales tax, and other fees
"financeInterest": 2663, // Interest on a loan
"depreciation": 8500, // Estimated loss in value
"fuel": 3735, // Estimated fuel costs
"tcoPrice": 19744, // Total cost of ownership for the 1st year
"averageCostPerMile": 0.79 // Average cost per mile
},
...
}
}
}
TCO data should always be reviewed to ensure its correctness.
Summary
You have successfully used the Total Cost of Ownership API to estimate the costs associated with owning a vehicle based on the VIN and ZIP code. Chris now has a detailed breakdown of the costs associated with owning the Toyota Tacoma. This information will help him make an informed decision about his purchase.
Next Steps
Review the API reference for the Total Cost of Ownership API
Reference – Total Cost of Ownership
Explore the Total Cost of Ownership API endpoint and parameters.