Driving Costs
|
Small Sedan |
Medium Sedan |
Large Sedan |
Average |
| operating costs |
per
mile |
per
mile |
per
mile |
per
mile |
| gas |
10.05
cents |
12,82
cents |
14.16
cents |
12.34
cents |
| maintenance |
4.11
cents |
4.29
cents |
4.93
cents |
4.44
cents |
| tires |
0.67
cents |
1.11
cents |
1.09
cents |
0.96
cents |
| cost per mile |
14.83
cents |
18.22
cents |
20.18
cents |
17.74
cents |
|
|
|
|
|
| ownership costs |
per
year |
per
year |
per
year |
per
year |
| full-coverage insurance |
$951 |
$948 |
$1,006 |
$968 |
| license, registration, taxes |
$438 |
$577 |
$769 |
$595 |
depreciation
(15,000 miles annually) |
$2,560 |
$3,534 |
$5,091 |
$3,728 |
finance charge
(10% down;
loan @ 6%/5 yrs.) |
$584 |
$796 |
$1,089 |
$823 |
| cost per year |
$4,533 |
$5,855 |
$7,955 |
$6,114 |
| cost per day |
$12.42 |
$16.04 |
$21.79 |
$16.75 |
|
|
|
|
|
| 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 |
$1,483 |
$1,822 |
$2,018 |
$1,774 |
| cost per day x 365 days |
$4,533 |
$5,855 |
$7,955 |
$6,114 |
| decreased depreciation ** |
-$155 |
-$286 |
-$330 |
-$257 |
total cost per year |
$5,861 |
$7,391 |
$9,643 |
$7,632 |
| total cost per mile* |
58.6
cents |
73.9
cents |
96.4
cents |
76.3
cents |
|
|
|
|
|
15,000 total miles
per year |
per
year |
per
year |
per
year |
per
year |
| cost per mile x 15,000 miles |
$2,225 |
$2,733 |
$3,027 |
$2,662 |
| cost per day x 365 days |
$4,533 |
$5,855 |
$7,955 |
$6,114 |
| total cost per year |
$6,758 |
$8,588 |
$10,982 |
$8,776 |
| total cost per mile* |
45.1
cents |
57.3
cents |
73.2
cents |
58.5
cents |
|
|
|
|
|
20,000 total miles
per year |
per
year |
per
year |
per
year |
per
year |
| cost per mile x 20,000 miles |
$2,966 |
$3,644 |
$4,036 |
$3,549 |
| cost per day x 365 days |
$4,533 |
$5,855 |
$7,955 |
$6,114 |
| increased depreciation *** |
$120 |
$218 |
$250 |
$196 |
| total cost per year |
$7,619 |
$9,717 |
$12,241 |
$9,859 |
| total cost per mile* |
38.1
cents |
48.6
cents |
61.2
cents |
49.3
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 |
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Next: Additional Driving Cost Samples »
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