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Cost Per Mile Calculator

True cost to drive, per mile and per year.

Details

Results

Cost per mile -
Total annual cost -
Cost per month -

Estimates only. Confirm exact terms with your lender or dealer.

How it works

Your real cost of driving is more than gas. We sum fuel, insurance, maintenance and depreciation/payments and divide by annual miles for a true cost per mile.

Depreciation is often the biggest cost - don't leave it out.

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Good to know

FAQs

What counts as a cost?

Fuel, insurance, maintenance, repairs and depreciation/payments.

Why per mile?

It lets you compare vehicles and reimburse mileage fairly.

What's the IRS rate?

The IRS sets a standard mileage rate yearly; this computes your own.

Financial advice?

No - an estimate.