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by adrianN
2602 days ago
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Mister Money Mustache estimates "very cheap" driving costs to be around 17 cents per mile: https://www.mrmoneymustache.com/2011/10/06/the-true-cost-of-... Now, I will admit that it is possible to bring your cost per mile down somewhat. That’s one of my own specialties, which is why I still keep a car of my own around for affordable family roadtrips. If you buy the right car for $5,000, you might be able to squeeze 100,000 miles out of it with no major repairs. In this case the car depreciation is 5 cents per mile. Gas, at $3.50 per 35 miles (assuming 35MPG), is 10 cents/mile
Tires, at $300 per 50,000 miles are 0.6 cents
Oil, at $25 per 5,000 miles is 0.5 cents
Miscellaneous things like wipers and occasional maintenance visits: $200 per 20,000 miles = 1 cent So the ultimate cheap driving in a paid-off economy car still costs at least 17 cents per mile. |
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