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How do you Calculate auto cost per mile?

In: Buick Park Avenue, Toyota Tercel, Fuel Economy and Mileage [Edit categories]

Answer:

One straightforward way to calucate auto cost per mile (if your only taking fuel consumption into account) is: Price per gallon of fuel divided by the vehicle's average Miles per Gallon.

e.g., $3.80 per gallon / 22MPG = 0.172727 per mile

therefore, it would cost $ 0.173 per mile or 17.3 cents per mile.

Other factors such as vehicle deprecation, tolls, oil use, insurance also should be considered in account but would complicate the equation.

First answer by GreatLakesSurfer. Last edit by GreatLakesSurfer. Contributor trust: 0 [recommend contributor ]. Question popularity: 2 [recommend question].

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