4 ms·
Fuel was reimbursed separately (I remember collecting all the receipts for that, food, and hotels) and I don't think maintenance would account for two orders of
by catalogia 7y ago
Fuel was reimbursed separately (I remember collecting all the receipts for that, food, and hotels) and I don't think maintenance would account for two orders of magnitude discrepancy. 0.003/mile is abysmally low.
- AnthonyMouse 7y agoIf you have a vehicle which is ten years old, even with low miles it generally won't be worth very much, and you can't lose more than the remaining amount by putting additional miles on it. You can't even lose the entire remaining amount, because it will always have at least scrap metal value. This means that for a vehicle you hold for several years, the depreciation due to miles will be very low. You could easily spend many times that amount on maintenance and repairs. One transmission rebuild could cost more than the total amount of depreciation due to miles over the entire life of the vehicle. Just oil changes add up to more than $10,000 over a million miles. Maintenance is a significant expense per mile, even more if you're using "average" vehicles (as companies setting per-mile rates would) which can have significantly higher maintenance costs than the sort of vehicles people choose when they know they're going to be driving a lot of miles.