Driving Costs
|
4WD Sport Utility Vehicle |
Minivan |
| operating costs |
per year |
per year |
| gas |
16.38 cents |
13.70 cents |
| maintenance |
4.95 cents |
4.86 cents |
| tires |
0.98 cents |
0.75 cents |
| cost per mile |
22.31 cents |
19.31 cents |
|
|
|
| ownership costs |
per year |
per year |
| full-coverage insurance |
$964 |
$934 |
| license, registration, taxes |
$735 |
$618 |
depreciation
(15,000 miles annually) |
$5,003 |
$3,995 |
finance charge
(10% down;
loan @ 6%/5 yrs.) |
$1,036 |
$857 |
| cost per year |
$7,738 |
$6,404 |
| cost per day |
$21.20 |
$17.35 |
|
|
|
| total cost per mile |
| 10,000 total miles a year |
per year |
per year |
| cost per mile x 10,000 miles |
$2,231 |
$ 1,931 |
| cost per day x 365 days |
$7,738 |
$6,404 |
| decreased depreciation** |
-$275 |
-$275 |
| total cost per year |
$9,694 |
$8,060 |
| total cost per mile* |
96.9 cents |
80.6 cents |
|
|
|
| 15,000 total miles per year |
per year |
per year |
| cost per mile x 15,000 miles |
$3,347 |
$2,897 |
| cost per day x 365 days |
$7,738 |
$6,404 |
| total cost per year |
$11,085 |
$9,301 |
| total cost per mile* |
73.9 cents |
62.0 cents |
|
|
|
| 20,000 total miles per year |
per year |
per year |
| cost per mile x 20,000 miles |
$4,462 |
$3,862 |
| cost per day x 365 days |
$7,738 |
$6,404 |
| increased depreciation |
$210 |
$210 |
| total cost per year |
$12,410 |
$10,476 |
| total cost per mile* |
62.1 cents |
52.4 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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