Z3Dreamer
Thinks s/he gets paid by the post
Just had the annual repair, inspection and tax payment on our 3 vehicles - a 2011 Toyota Rav4 SUV, a 2003 Subaru Legacy sedan and a 2002 2 seater, faster than hades, beauty. Total mileage on them is 340,000. DW and I drive about 15,000 miles a year, with most being on her SUV. The BMW is taken out for exercise about 2k a year. My around town sedan sees about 3k a year.
Anyhow, operating costs for the last few years are:
Computing depreciation per mile? Based on a depreciation per mile, not per year, the SUV is about 11 cents, the sedan 18 cents and the BMW 60 cents. Averaging them based on miles driven, I am at 19 cents per mile.
Total 51.5 cents per mile. I saw something that talked about average being 60 to 70 cents per mile. How about you?
Anyhow, operating costs for the last few years are:
- 13 cents a mile for gas which is around 20 MPG. Most is around town, so I am OK with that.
- 5 cents a mile for insurance. 2 cars are liability only. The SUV has comp and collision.
- 13 cents for service (7 cents for SUV, 18 cents for sedan, 31 cents for BMW)
- 1.5 for registration and tax
Computing depreciation per mile? Based on a depreciation per mile, not per year, the SUV is about 11 cents, the sedan 18 cents and the BMW 60 cents. Averaging them based on miles driven, I am at 19 cents per mile.
Total 51.5 cents per mile. I saw something that talked about average being 60 to 70 cents per mile. How about you?