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- To calculate cost per mile of a car, you need to12345:
- Determine your mileage over a given time period, such as a month or a year. You can use your odometer information or divide the number of miles you drive by your car’s fuel economy rating.
- List out each expense related to your car, such as gas, insurance, maintenance, registration, etc. Use the same time period as your mileage.
- Divide your total expenses by your total mileage to get your cost per mile. You can multiply this by 100 to get the cost per 100 miles.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Cost per mile (pence) = Total cost / Annual car mileage x 100www.theaa.com/driving-advice/driving-costs/runnin…You’re basically calculating how much you need to spend to cover one mile. Here’s a simple formula: Total cost/Total miles = Total cost per mile Below are three simple steps you can use to calculate your cost per mile to drive.blog.route4me.com/how-to-calculate-cost-per-mile/How to Calculate Cost per Mile
- 1. Determine your mileage over a given time period Begin by selecting a timeframe for your calculations. ...
optimoroute.com/cost-per-mile/How to calculate cost per mile
- 1: Calculate how many miles you expect to drive. Odometer information helps you figure out how many miles you drive in a given month, whether paid or unpaid. Use this formula: ...
truckstop.com/blog/how-to-calculate-cost-per-mile/Otherwise, divide the number of miles you drive each month by your car’s fuel economy rating, available on FuelEconomy.gov. Multiply that number by the price of a gallon of gas in your area.www.nerdwallet.com/article/loans/auto-loans/total-c… - People also ask
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WEBFeb 24, 2022 · Step #1. Calculate Your Total Cost. Your total cost is made up of three costs: Fixed costs.
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WEBJan 18, 2023 · To calculate cost per mile, divide your total expenses by the total miles you have driven for a selected time period: For example, if your total monthly expenses are …
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WEBOct 26, 2022 · Use this formula: [End-of-the-month odometer reading] – [Beginning-of-the-month odometer reading] = Total miles. For example, if your mileage was 67,426 at the …
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WEBMay 3, 2024 · The 10 most expensive vehicles per mile: Porsche Taycan: $22.02/mi ... comprise most of the 15 cheapest vehicles to operate per mile. The Honda Insight had …
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WEBRates vary from $0.49 to $0.66 per kWh, depending on time of day and location. To make the math easy, let's call it 50 cents per kWh—so 100 highway miles would cost $37.11. …
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