Quote:
Originally Posted by ksa8907
I get paid $0.56/ mile tax free. So far this month ive driven about 200 miles and in the summer I will average around 400 miles/ month for work. Its a nice junk of change but by the time you factor in depreciation, oil changes, tires, alignments, suspension repair, maybe you hit a pothole?, etc. Its not like you are really making money at it.
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Let's see...
$712.24 reimbursement
-151.82 for gas
$564.42
-400.00 for year for car ins. (scrap title, no comprehensive)
$164.42 left for wear and tear on the car
Texas highways don't have potholes, I do my own oil changes @$30, its a scrap car title so no more depreciation, probably $10 cost off the tires (1250/60000*$500), maybe another $5 for suspension,...
With this car it works out in my favor. If I had a nice new car without a scrap title, I might not break even.