05-15-2014, 05:15 AM
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#1 (permalink)
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(:
Join Date: Jan 2008
Location: up north
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cents per mile cost of driving 2013
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The Following 3 Users Say Thank You to Frank Lee For This Useful Post:
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05-15-2014, 06:09 AM
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#2 (permalink)
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lurker's apprentice
Join Date: May 2008
Location: the Perimeter
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PlainJane - '12 Toyota Tacoma Base 4WD Access Cab 90 day: 20.98 mpg (US)
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Cost per mile goes down the more miles one drives. Gosh, maybe I should go back to my 50K/year habit...
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05-15-2014, 06:33 AM
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#3 (permalink)
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(:
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Yah, no kidding. :/
Since I drive so little, my cents/mile fixed costs from license and insurance are atrocious. 
In spite of that, though, I'm right near the bottom of the cents/mile continuum.  |
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05-15-2014, 08:24 AM
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#4 (permalink)
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Master EcoModder
Join Date: Jan 2014
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Right now my cost per mile (gas only) is 6.5 cents
Total ownership cost per mile (including total cost of car, license & reg, tax, tag, title, all parts purchased, oil changes and other maintenance parts, and all the gas I have purchased), is currently right about 22 cents, and that drops with every added mile I drive, as long as I don't have to put any parts on it
Lifetime expense:
1,000 for car + 250 TTT, 1,200 insurance, 500 in parts/maintenance, 1,500 in gas divided by 20,000 miles equals a little over 22 cents per mile.
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05-15-2014, 01:55 PM
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#5 (permalink)
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Human Environmentalist
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I've owned the TSX 4 years now. Here is what I figure.
Bought for $17,000.
Current private party value is $12,000. $5,000 is my 4 year cost for depreciation.
Traveled 55,000 miles at $0.11 per mile. $6,050 in fuel over 4 years.
$800 in 4 years of insurance.
$560 in all maintenance including oil changes, wiper blades, mods, and an UltraGauge.
$130 in registration costs.
Total $12,540 in 4 years. $3,135 per year. $0.23 per mile. This should reduce as the rate of depreciation decreases, and I remove full coverage insurance.
The reason the cost is so high in the AAA report is because it assumes people buy a new car from the Stealership, and then trade it in 5 years later. This is the most expensive way to own a car.
Last edited by redpoint5; 05-15-2014 at 02:33 PM..
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05-15-2014, 02:22 PM
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#6 (permalink)
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Master EcoModder
Join Date: Jun 2008
Location: Earth
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Note this is from the AAA, the same group that just recently sent a letter to the woman I bought my house from (at my address), inviting her to renew her membership. Seeing that I've owned the place for over 15 years, and she died in '05 IIRC, I think might say something about the reliability of their data collection :-)
FWIW, I'm right at 4.6 cents/gal for fuel on the Insight, using their per-gallon price. Finance charge was zero, depreciation about the same since I bought it used a decade ago. Liability insurance runs about $300/year, or maybe 3 cents/mile, registration is maybe a few tents of a cent... All told, I'm at maybe 10 cents/mile.
The pickup has a higher per-mile cost, especially since I drive it a good many fewer miles. At about 13 cents/mile for gas, plus $200/yr for insurance & taxes, it's still only a fraction of their estimate.
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