Cost of ownership - my 2011 4 banger

The $0.51/mile is also meant to cover depreciation costs for a new vehicle, not just running and maintenance costs. I forget how many years are figured in for the deprecation amount though (as depreciation is higher in the first 3 years of ownership compared to the next 10 years).

Assuming its based on 3 years, losing $10k in value and 15K miles a year, that's $10,000 / 45,000 or $0.22c/mile just for depreciation.

If you keep your vehicle for more than 3 years, bought it used or have it paid off - that's where you make the money from the Federal rate.

 

Its been 2 weeks since my last update and another mileage period over. Previous total cost was +$108

Tool box - $157
Gas - $56.1, $63.01, $52.50, $54.52
Down payment cleared - $5,000
Business miles + 724 = ($369.24)

Total cost so far: $4906.30
Total miles so far: 1771

cost of ownership per mile: $2.77/mi

 

Since my last update I've had gas fillups of $59, $60.50 and $54.01. I made a payment of $900 ( my minimum is $528 ) and received credits of $99.40 as an overpayment on my registration, as well as drove 850 business miles reimbursed at $433.50.

Total cost so far: $5,496.91
Total miles driven: 3,040
Running cost of ownership: $1.79/mi

 

In the last 2 weeks, I've had Gas fillups of $49.10, 64, 66.01, and 64.01 and an insurance payment of 101.

I drove 1,040 miles for business which reimbursed me $530.40

Total cost of ownership so far: $5260.62
Miles: 4789

= $1.10/mi

 

interesting, keep it up!

 

Whew! busy 2 weeks.

I had fillups of $66.66, $67.79, $70.11, $66.24 and $73.01. I bought some fastners for my kobalt slim box for $4.76 and paid the finance company $528.71.

I drove 1664 miles in 2 weeks for work, reimbursed at $.51 = $848.64

Total money in: $5289.46
Total miles: 6701

Cost of ownership per mile: $.79

 

Interesting. Subbed

 

Well I have two the Taco V6 and a VW diesel I drive 100 miles a day so I gave it some serious thought and decided to drive the VW to work. Taco 19.2 MPG around 340 miles per tank, VW 50+ MPG 800-850 per tank and usually about 16 gal. per fill up it was a hard one.

 

in the last 2 weeks, I've had gas fillups of $70.01, $74.02 and $69.04

I drove 841 miles for work which reimbursed me $428.91 (praying the IRS raises the rate currently at $.51/mi)

My truck has 8260 on it with a net cost of $5073.62 which works out to $.61/mi

 

I've had gas fillups of $66.72, $75.06, $71.52 and paid an insurance adjustment to lower my deductible. That was $36.88

I drove 803 mi in 2 weeks for work which paid back $409.53

Total money in: $4,914.27
Total miles: 9301
Total cost of ownership: $.528/mi

I am very happy with the low cost of ownership so far. especially grateful that my reimbursement and payments+insurance+gas are about equal.

 

This year the Tacoma made the top ten vehicles with the lowest maintenance costs yearly, and I would expect that it did it with the 2.7l numbers... I think it was approx. 1500.00 yearly...

 

Update is as of last Friday. i got busy over the weekend and have just gotten back into the swing of things.

I made a payment of $550, and had gas fillups of $72.77, $73.61, $69.68 and $70.01

I drove 1583 mi for work. which re-imbursed $807.33

Total money in: $4943.01
Total Miles driven: 11401

Total cost of ownership: $.43/mi

 

Gas fills of 65.23, 67.49, 58.09, 72.64
Payment of $600

Drove 786 mi for work = $400.86 reimbursed

Total cost: $5405.60
Total mi: 13001

CoO: $.41

 

It was a quiet week as i was in NY last weekend and did a lot of work locally.

Filled up at $64.55, $69.21, $66.74

Drove 292 mi which earned $148.92 in return

Total cost: $5456.78
Miles: 14350

Cost of ownership: $.38/mi

 

I didn't forget about you guys, just got lazy about updating. I might post some deeper stats later but as it stands now, I've put $8,000.06 into my truck and gone 55759 miles since my 18 Feb 11 purchase date.

This equates to a $.145/mi cost of ownership. Considering AAA says most people spend $.32-38/mi for their cars, i say I'm doing alright!

 

Since you're including the truck pmt in your calculations, doesn't that mean your cost per mile will drop significantly once it's paid off? I'm thinking just a few cents per mile. I guess it doesn't really matter if you include the pmt or not you can always average your numbers with or without the pmt at any point. Interesting info in this thread. Far more detail than I'm used to tracking.

 

Yeah, I include the pmt. I make aggressive payments and should have it paid off in a year to 18 mos. or by 100,000 mi. After that, I am hoping to reach a zero cost of ownership somewhere around the 175k mark