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How in the world do you figure $0.50 per mile? Even if you assume a modest 20 mi/gallon at $3/gal, you're looking at about $0.15 a mile. A $40 oil change ever
by dplavery92 8y ago
How in the world do you figure $0.50 per mile?
Even if you assume a modest 20 mi/gallon at $3/gal, you're looking at about $0.15 a mile. A $40 oil change every 5000 miles, and a more expensive maintenance job every 10000 miles isn't going to push you past $0.25/mi.
Are you amortizing the cost of the vehicle?
- 24gttghh 8y agoThe IRS comes up with a roughly $.50/mile figure. It takes into consideration the physical wear on the vehicle as well as consumables and fuel costs, among other things I think (averaged nationally).
- arcticbull 8y ago$0.50 per mile is pretty reasonable, the IRS reimbursement rate for distance drive in a business context is $0.58 (https://www.irs.gov/newsroom/irs-issues-standard-mileage-rates-for-2019 https://www.irs.gov/newsroom/irs-issues-standard-mileage-rat...)
- davidgould 8y agoElectric car, so fuel cost is minimal given low speeds and no scheduled oil changes or other maintenance.
- ams6110 8y agoFuel cost won't remain minimal in this envisioned all-EV future. Governments will need to make up the fuel tax revenue somehow.