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| Driving Costs |
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4WD Sport Utility Vehicle
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Minivan
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| operating costs |
per year
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per year
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| gas |
14.39 cents
|
12.16 cents
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| maintenance |
4.94 cents
|
4.87 cents
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| tires |
0.95 cents
|
0.74 cents
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| cost per mile |
20.28 cents
|
17.77 cents
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| ownership costs |
per year
|
per year
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| full-coverage insurance |
$948
|
$897
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| license, registration, taxes |
$727
|
$602
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depreciation
(15,000 miles annually) |
$4,519
|
$3,818
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finance charge
(10% down;
loan @ 6%/5 yrs.) |
$1,023
|
$832
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| cost per year |
$7,217
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$6,149
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| cost per day |
$19.77
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$16.85
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| total cost per mile |
| 10,000 total miles a year |
per year
|
per year
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| cost per mile x 10,000 miles |
$2,028
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$ 1,777
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| cost per day x 365 days |
$7,217
|
$6,149
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| decreased depreciation** |
-$275
|
-$275
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| total cost per year |
$8,970
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$7,651
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| total cost per mile* |
89.7 cents
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76.5 cents
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| 15,000 total miles per year |
per year
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per year
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| cost per mile x 15,000 miles |
$3,042
|
$2,666
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| cost per day x 365 days |
$7,217
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$6,149
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| total cost per year |
$10,259
|
$8,815
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| total cost per mile* |
68.4 cents
|
58.8 cents
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| 20,000 total miles per year |
per year
|
per year
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| cost per mile x 20,000 miles |
$4,056
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$3,554
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| cost per day x 365 days |
$7,217
|
$6,149
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| increased depreciation |
$200
|
$200
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| total cost per year |
$11,473
|
$9,903
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| total cost per mile* |
57.4 cents
|
49.5 cents
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* 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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