Vehicle Cost
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Input data in yellow cells only. Green cells are output cells.
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Assumptions
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Car Value$11,000
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Car Year2012
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Miles Driven Per Year7,000
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MPG30
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Gas Cost per Gallon$2.39
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Insurance Cost per Year
$500
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Output
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Fixed Cost per Year$1,500
includes insurance and fixed depreciation
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Fixed Cost per Mile0.21
fixed cost per year / miles driven in year
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Variable Cost per Mile0.24
includes gas plus wear and tear
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Car Cost per Year$3,178
includes insurance, depreciation, gas, wear and tear
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Car Cost per Mile Driven
$0.45
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