Cents per mile costs for 2011

[Frank Lee]

Based on driving 15,000 miles annually

Small sedan:
Cost per mile 45.1 cents
Cost per year $6,758

Medium sedan
Cost per mile 57.3 cents
Cost per year $8,588

Large sedan
Cost per mile 73.2 cents
Cost per year $10,982

Sedan average
Cost per mile 58.5 cents
Cost per year $8,776

SUV 4WD
Cost per mile 74.9 cents
Cost per year $11,239

Minivan
Cost per mile 63.3 cents
Cost per year $9,489


tips-lower-cost-car-ownership-moneytalks: Personal Finance News from Yahoo! Finance



How do you compare???

[Old Mechanic]

Hehe at 15k miles annual on the Rebel the gas cost would be just $50 less than the bike cost ($750 gas-$800 bike), so those two combined would be 10.3 cents a mile. Insurance and tags-taxes would add another $150 so that would be another penny a mile. Lets say 11.3 cents a mile total with the purchase price fully recovered by the time it has 16,075 miles on the odometer.

I am piling the miles on her at 50+ a day or 1500 a month. The car has barely gone 400 in the last month when the weather was to bad for the bike. Saving 90 a month in gas compared to the car.

Working on improving the mileage on the bike with coasting and rider position. Trying a lean back style, with shifting my butt up right against the tank. Seems to make a significant difference.

regards
Mech

[jamesqf]

I think I'm probably a big winner here with the Insight. Gas cost (at $4/gal, avg 71.2 mpg) 5.62 cents/mile. Oil is 2.5 quarts (admittedly the expensive 0W-20 synthetic stuff) every 7500 miles. Insurance runs just under $500/year for it and the Toyota pickup. Depreciation? Bought it used, 8 years ago come June. Cost $8500, collected a bit over $7K from the idiot who rear-ended me, so net cost about $185/year. (Even without the insurance recovery, that's only a bit over $1K/year, and I'm not planning on replacing it any time soon.)

[some_other_dave]

Let's see.

Estimates first:
Cost of car: $0/yr. I paid it off many many many years ago.
Insurance: $450/yr. I have low deductibles and probably need to go insurance shopping again.
Maintenance: $100/yr An average; I do most of my own work.
Tires, brakes, consumables: $100/yr average

Now, data taken from my fuel logs:
Fuel: $717.81 over the past 12 months.
Miles: 10077.4 miles.

Totals:
Total cost: $1317.81 (/ 365 = 3.6 dollars per day.)
Cost per mile: 131781 cents / 10077.4 = 13.08 cents/mile.

-soD

[honestabe]

As it stands, I have $5394.98 total invested in my Metro (including the purchase price) and have put on 37393.7 miles as of my last fill-up. Doing the math 15,000 miles would cost me $2163.93 to drive. If I were to just calculate the cost for fuel it would be about $1028.07.

[Christ]

I don't even know where to start...

I've around $1500 invested in Herbie, and I've owned him for close to a year, spent maybe $300 in fuel, at around 550 miles per tank... Call it 50mpg average, at $4.20 average fuel cost.

Insurance is less than $30/month...

Since I'm not looking at exact figures, I can't really figure cpm, but it is certainly lower than a new car.