Driving Costs
|
4WD Sport Utility Vehicle |
Minivan |
| operating costs |
per year |
per year |
| gas |
17.04 cents |
15.08 cents |
| maintenance |
4.80 cents |
4.50 cents |
| tires |
1.14 cents |
0.76 cents |
| cost per mile |
22.98 cents |
20.34 cents |
|
|
|
| ownership costs |
per year |
per year |
| full-coverage insurance |
$912 |
$853 |
| license, registration, taxes |
$757 |
$618 |
depreciation
(15,000 miles annually) |
$5,052 |
$4,108 |
finance charge
(10% down;
loan @ 6%/5 yrs.) |
$1,071 |
$859 |
| cost per year |
$7,792 |
$6,438 |
| cost per day |
$21.35 |
$17.64 |
|
|
|
| total cost per mile |
| 10,000 total miles a year |
per year |
per year |
| cost per mile x 10,000 miles |
$2,298 |
$ 2,034 |
| cost per day x 365 days |
$7,792 |
$6,438 |
| decreased depreciation** |
-$275 |
-$275 |
| total cost per year |
$9,815 |
$8,197 |
| total cost per mile* |
98.2 cents |
82.0 cents |
|
|
|
| 15,000 total miles per year |
per year |
per year |
| cost per mile x 15,000 miles |
$3,447 |
$3,051 |
| cost per day x 365 days |
$7,792 |
$6,438 |
| total cost per year |
$11,239 |
$9,489 |
| total cost per mile* |
74.9 cents |
63.3 cents |
|
|
|
| 20,000 total miles per year |
per year |
per year |
| cost per mile x 20,000 miles |
$4,596 |
$4,068 |
| cost per day x 365 days |
$7,792 |
$6,438 |
| increased depreciation |
$210 |
$210 |
| total cost per year |
$12,598 |
$10,716 |
| total cost per mile* |
63.0 cents |
53.6 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: Vehicle Maintenance »
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