Driving Costs
|
Small Sedan |
Medium Sedan |
Large Sedan |
Average |
| operating costs |
per
mile |
per
mile |
per
mile |
per
mile |
| gas |
11.42
cents |
14.61
cents |
16.49
cents |
14.17
cents |
| maintenance |
4.15
cents |
4.32
cents |
4.94
cents |
4.47
cents |
| tires |
0.71
cents |
1.13
cents |
1.15
cents |
1.00
cents |
| cost per mile |
16.28
cents |
20.06
cents |
22.58
cents |
19.64
cents |
|
|
|
|
|
| ownership costs |
per
year |
per
year |
per
year |
per
year |
| full-coverage insurance |
$979 |
$974 |
$1,050 |
$1,001 |
| license, registration, taxes |
$441 |
$591 |
$797 |
$610 |
depreciation
(15,000 miles annually) |
$2,285 |
$3,388 |
$4,958 |
$3,544 |
finance charge
(10% down;
loan @ 6%/5 yrs.) |
$588 |
$818 |
$1,132 |
$846 |
| cost per year |
$4,293 |
$5,771 |
$7,937 |
$6,000 |
| cost per day |
$11.76 |
$15.81 |
$21.75 |
$16.44 |
|
|
|
|
|
| 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 |
$1,628 |
$2,006 |
$2,258 |
$1,964 |
| cost per day x 365 days |
$4,293 |
$5,771 |
$7,937 |
$6,000 |
| decreased depreciation ** |
-$160 |
-$289 |
-$317 |
-$255 |
total cost per year |
$5,761 |
$7,488 |
$9,878 |
$7,709 |
| total cost per mile* |
57.6
cents |
74.9
cents |
98.8
cents |
77.1
cents |
|
|
|
|
|
15,000 total miles
per year |
per
year |
per
year |
per
year |
per
year |
| cost per mile x 15,000 miles |
$2,442 |
$3,009 |
$3,387 |
$2,946 |
| cost per day x 365 days |
$4,293 |
$5,771 |
$7,937 |
$6,000 |
| total cost per year |
$6,735 |
$8,780 |
$11,324 |
$8,946 |
| total cost per mile* |
44.9
cents |
58.5
cents |
75.5
cents |
59.6
cents |
|
|
|
|
|
20,000 total miles
per year |
per
year |
per
year |
per
year |
per
year |
| cost per mile x 20,000 miles |
$3,256 |
$4,012 |
$4,516 |
$3,928 |
| cost per day x 365 days |
$4,293 |
$5,771 |
$7,937 |
$6,000 |
| increased depreciation *** |
$135 |
$241 |
$263 |
$213 |
| total cost per year |
$7,684 |
$10,024 |
$12,716 |
$10,141 |
| total cost per mile* |
38.4
cents |
50.1
cents |
63.6
cents |
50.7
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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