How Much Does It Cost You to Drive?
Friday, April 08, 2011
The Automobile Association of America has come up with a figure: $8,588.
Excluding loan payments - no small consideration - that is how much you can anticipate spending to drive a medium sedan 15,000 miles a year.
In coming up with that figure, and those listed below, AAA figured in fuel; maintenance; tires; insurance; license and registration; loan finance charges; and depreciation costs. Fuel prices are based on late 2010 national averages, so even that $8,568 ticket may have gone up by now.
AAA has been conducting this annual analysis since 1950. Way back then, driving a car 10,000 miles annually cost nine cents a mile, and gasoline was 27 cents a gallon. The composite cost per mile for 2010: 58.5 cents.
See the chart below for how your car sizes up, with a brief key as to which are the comparable models.
- AAA states “Gas Prices Up Two Cents”
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- Gas Prices at Their Highest Yet This Year