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>I think drivers know wear and tear and fuel and insurance costs $0.50+ per mile. It doesn't cost that. That number is what the IRS accepts for deducting mile
by treis 6y ago
>I think drivers know wear and tear and fuel and insurance costs $0.50+ per mile.
It doesn't cost that. That number is what the IRS accepts for deducting mileage expenses. That doesn't mean that's what it costs everyone. An older model and fuel efficient car will be less than half that on a per mile basis.
- lotsofpulp 6y agoAssuming a car is required, the cost of replacing the car needs to be included in wear and tear.
- treis 6y agoYes, that's included. You can get cars with 80-100k miles that will make it to 200k for ~$5,000 on Craigslist. That's about 5 cents a mile.
- dclusin 6y agoUber places requirements on car make and mode year. You can’t get a 10 year old beater and drive for Uber.
- treis 6y agoThats only certain cities and doesn't change the calculation much. You need to spend 7-8k for something ~7 years old. Your cost per mile doesn't go up much because they have fewer miles.
- jjeaff 6y agoYou can, actually. Well, not a beater, but if it's in good condition, in Los Angeles the requirement is 15 years old or newer.