 |
| 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 |
8.21
cents
|
10.54
cents
|
11.51
cents
|
10.09
cents
|
| maintenance |
4.26
cents
|
4.51
cents
|
4.92
cents
|
4.56
cents
|
| tires |
0.61
cents
|
0.87
cents
|
0.82
cents
|
0.77
cents
|
| cost per mile |
13.08
cents
|
15.92
cents
|
17.25
cents
|
15.42
cents
|
|
|
|
|
|
| ownership costs |
per
year
|
per
year
|
per
year
|
per
year
|
| full-coverage insurance |
$948
|
$957
|
$1,022
|
$976
|
| license, registration, taxes |
$419
|
$572
|
$711
|
$567
|
depreciation
(15,000 miles annually) |
$2,430
|
$3,401
|
$4,551
|
$3,461
|
finance charge
(10% down;
loan @ 6%/5 yrs.) |
$553
|
$786
|
$998
|
$779
|
| cost per year |
$4,350
|
$5,716
|
$7,282
|
$5,783
|
| cost per day |
$11.92
|
$15.66
|
$19.95
|
$15.84
|
|
|
|
|
|
| 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 |
$1,308
|
$1,592
|
$1,725
|
$1,542
|
| cost per day x 365 days |
$4,350
|
$5,716
|
$7,282
|
$5,783
|
| decreased depreciation ** |
-$155
|
-$286
|
-$330
|
-$257
|
|
total cost per year
|
$5,503
|
$7,022
|
$8,677
|
$7,067
|
| total cost per mile* |
55.0
cents
|
70.2
cents
|
86.8
cents
|
70.7
cents
|
|
|
|
|
|
15,000 total miles
per year |
per
year
|
per
year
|
per
year
|
per
year
|
| cost per mile x 15,000 miles |
$1,962
|
$2,388
|
$2,588
|
$2,313
|
| cost per day x 365 days |
$4,350
|
$5,716
|
$7,282
|
$5,783
|
| total cost per year |
$6,312
|
$8,104
|
$9,870
|
$8,095
|
| total cost per mile* |
42.1
cents
|
54.0
cents
|
65.8
cents
|
54.0
cents
|
|
|
|
|
|
20,000 total miles
per year |
per
year
|
per
year
|
per
year
|
per
year
|
| cost per mile x 20,000 miles |
$2,616
|
$3,184
|
$3,450
|
$3,083
|
| cost per day x 365 days |
$4,350
|
$5,716
|
$7,282
|
$5,783
|
| increased depreciation *** |
$120
|
$208
|
$240
|
$189
|
| total cost per year |
$7,086
|
$9,108
|
$10,972
|
$9,055
|
| total cost per mile* |
35.4
cents
|
45.5
cents
|
54.9
cents
|
45.3
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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