Common questions

# How much does it cost to operate a car per mile?

## How much does it cost to operate a car per mile?

The total cost of owning and operating the average car falls between 35 cents per mile and 65 cents per mile over the lifetime of the car.

What is the depreciation rate per mile?

The average car can depreciate as much of \$0.08 per mile, according to some sources. This means, of course, that your depreciation costs will be higher the more you drive.

How much does it cost per mile to drive the car use an annual mileage of 15 000 miles?

How much does it cost per mile to drive the car? (Use an annual mileage of 15,000 miles.) It costs around 8.3 cents per mile to drive the car 15,000 miles in a year.

### How much does it cost to drive a mile?

cost per mile driven \$2,331 \$2,681 \$3,169 \$2,663 \$3,205 cost per year \$5,185 \$6,054 \$8,013 \$5,699 \$6,831 total cost per year \$7,516 \$8,734 \$11,182 \$8,362 \$10,036

How much does it cost for mileage reimbursement?

Mileage Reimbursement – The True Cost Of Running A Car Miles per year 10,000 15,000 20,000 Small sedan 58.2 cents 44.9 cents 38.0 cents Medium sedan 75.9 cents 58.1 cents 49.0 cents Large sedan 93.3 cents 71.0 cents 59.5 cents

How does the IRS calculate the standard mileage rate?

To calculate the standard mileage rate, the IRS conducts an annual study of both the fixed and the variable costs of operating an automobile. The obvious daily cost of driving a car is fuel. However, the mileage reimbursement rate takes into account more than just the fuel cost, it’s supposed to cover all your auto expenses.

## How much does it cost to depreciate a car?

To account for the reduction is value, the research calculated the difference between the price of the new car and its estimated market value five years later. As you can expect depreciation is the largest ownership expense. The depreciation of a small car, based on 15,000 miles per year, would be \$2,515.

How much does car maintenance cost per mile?

According to a study by AAA, a new car’s routine maintenance and repairs could cost an average of \$0.09 per mile. 1 If you drive 10,000 miles in a year, that comes to \$900. If you drive 20,000 miles, that figure jumps to \$1,800 annually.

cost per mile driven \$2,331 \$2,681 \$3,169 \$2,663 \$3,205 cost per year \$5,185 \$6,054 \$8,013 \$5,699 \$6,831 total cost per year \$7,516 \$8,734 \$11,182 \$8,362 \$10,036

How to calculate the cost of a car?

not present Operating Costs per Year O Ownership Costs per Year C Cost per Mile g gas cost per mile d depreciation o operating cost + t total miles driven x i insurance + o ownership cost + l license, taxes t total gas = & & registration + = = m

To account for the reduction is value, the research calculated the difference between the price of the new car and its estimated market value five years later. As you can expect depreciation is the largest ownership expense. The depreciation of a small car, based on 15,000 miles per year, would be \$2,515.

Ruth Doyle