 |
| Driving Costs |
|
Here are some samples of vehicle driving costs:
|
Small Sedan
|
Medium Sedan
|
Large Sedan
|
Average
|
| operating costs |
per
mile
|
per
mile
|
per
mile
|
per
mile
|
| gas |
9.39
cents
|
12.34
cents
|
13.28
cents
|
11.67
cents
|
| maintenance |
3.98
cents
|
4.67
cents
|
5.07
cents
|
4.57
cents
|
| tires |
0.5
cents
|
0.85
cents
|
0.77
cents
|
0.72
cents
|
| cost per mile |
13.9
cents
|
17.9
cents
|
19.1
cents
|
17.0
cents
|
|
|
|
|
|
| ownership costs |
per
year
|
per
year
|
per
year
|
per
year
|
| full-coverage insurance |
$949
|
$907
|
$973
|
$943
|
| license, registration, taxes |
$410
|
$562
|
$690
|
$554
|
depreciation
(15,000 miles annually) |
$2,332
|
$3,355
|
$4,275
|
$3,321
|
finance charge
(10% down;
loan @ 6%/5 yrs.) |
$541
|
$770
|
$963
|
$758
|
| cost per year |
$4,232
|
$5,594
|
$6,901
|
$5,576
|
| cost per day |
$11.59
|
$15.33
|
$18.91
|
$15.28
|
|
|
|
|
|
| total cost per mile |
10,000 total miles
per year |
per
year
|
per
year
|
per
year
|
per
year
|
| cost per mile x 10,000 miles |
$1,392
|
$1,786
|
$1,912
|
$1,697
|
| cost per day x 365 days |
$4,232
|
$5,594
|
$6,901
|
$5,576
|
| decreased depreciation ** |
-$110
|
-$190
|
-$230
|
-$177
|
|
total cost per year
|
$5,514
|
$7,190
|
$8,583
|
$7,096
|
| total cost per mile* |
55.1
cents
|
71.9
cents
|
85.8
cents
|
71.0
cents
|
|
|
|
|
|
15,000 total miles
per year |
per
year
|
per
year
|
per
year
|
per
year
|
| cost per mile x 15,000 miles |
$2,088
|
$2,679
|
$2,688
|
$2,545
|
| cost per day x 365 days |
$4,232
|
$5,594
|
$6,901
|
$5,576
|
| total cost per year |
$6,320
|
$8,273
|
$9,769
|
$8,121
|
| total cost per mile* |
42.1
cents
|
55.2
cents
|
65.1
cents
|
54.1
cents
|
|
|
|
|
|
20,000 total miles
per year |
per
year
|
per
year
|
per
year
|
per
year
|
| cost per mile x 20,000 miles |
$2,784
|
$3,572
|
$3,824
|
$3,393
|
| cost per day x 365 days |
$4,232
|
$5,594
|
$6,901
|
$5,576
|
| increased depreciation *** |
$130
|
$203
|
$235
|
$189
|
| total cost per year |
$7,146
|
$9,369
|
$10,960
|
$9,158
|
| total cost per mile* |
35.7
cents
|
46.9
cents
|
54.8
cents
|
45.8
cents
|
|
|
|
|
|
* total cost per year ÷ total miles per year
** decreased depreciation for mileage over 15,000 miles annually
*** increased depreciation for mileage under 15,000 miles annually
See index for a listing vehicle makes and models used for driving cost calculations |
|
|
|
|
|
Next: Additional Driving Cost Samples >>
|
|
|
|
