Quick Answer: What Is The Actual Cost Per Mile To Drive A Car?

What is the most maintenance free car?

Toyota CorollaThe trusty Toyota Corolla is the most affordable vehicle on the road in terms of annual maintenance costs, multiple experts said..

How many miles per gallon does the average car get?

25 milesThe average car sold in the United States gets an average of around 25 miles per gallon (MPG). We looked at the most fuel-efficient vehicles on the market today, as well as the least fuel-efficient vehicles.

How much money should a single person spend on groceries a month?

Single people living in America are spending hundreds of dollars a month on food. The average cost of groceries each month for one person ranges between $165 and $345, according to the U.S. Department of Agriculture, which publishes a monthly food plan that suggests how much money Americans should be spending food.

How much money do I spend per mile?

On average, Americans are now paying about 15 cents a mile for the gas they buy, but the cost varies widely, depending on the vehicle.

How much would it cost to drive 1600 miles?

Cost To Drive 1,600 MilesMPG$2 per gallon$4 per gallon25 MPG$128.00$256.0026 MPG$123.08$246.1527 MPG$118.52$237.0428 MPG$114.29$228.5796 more rows

How much gas will it take to drive 1000 miles?

To figure the gas mileage, you would need to determine how many miles you traveled on 1 gallon of gas. You would need to divide 1000 miles by 50 gallons of gas. That would equal 20; therefore, you traveled 20 miles for every 1 gallon of gas.

Are cars worth the money?

Here are some things you can do if you’ve bought too much car already. 1) Own your car until it becomes worth 10% of your income or less. This is the simplest solution if you’ve spent too much. Drive your car for as long as possible until the market value is worth less than 10% of your gross annual income.

How much does it cost to drive 50 miles?

Cost To Drive 50 MilesMPG$2 per gallon$3 per gallon2 MPG$50.00$75.003 MPG$33.33$50.004 MPG$25.00$37.505 MPG$20.00$30.0096 more rows

How do you calculate cost per mile to drive?

To calculate the “cost per mile,” divide the cost by the number of miles you drove that month. For example, “fixed costs per mile” is calculated by dividing $2515 (fixed costs) by 8,400 (miles), which gives us $0.30 per mile.

How much money is a mile?

Additional ResourcesBased on Driving 15,000 miles annuallySmall SedanSedan AverageCost Per Mile46.4 cents59.2 centsCost Per Year$6,957$8,876

What is the most cost efficient car?

Best Fuel-Efficient CarsNissan Leaf. MSRP: $32,780. Estimated annual operating cost: $561 for electric supply (lowest on this list) … Toyota Prius. MSRP: $21,600. … Lexus CT 200h. MSRP: $29,000. … Honda Civic Hybrid. MSRP: $24,000. … Honda Insight. MSRP: $18,200. … Lincoln MKZ Hybrid. MSRP: $34,000. … Mercury Milan Hybrid. MSRP: $28,000.

How long does it take to drive 1500 miles?

Explanation: If you can drive 50 miles in 1 hour, the number of hours it took to drive 1500 miles would be 150050 , or 30 hours.

What is the 2020 IRS mileage rate?

More In Tax ProsPeriodRates in cents per mileBusinessMedical Moving202057.51720195820201854.5188 more rows

How much does car maintenance cost per mile?

After factoring in the costs of financing, insurance, licensing, registration, taxes, maintenance, repairs and gas for dozens of different makes and models, the number crunchers at the organization found that the average cost for a 2018 vehicle is about 59 cents per mile for someone who drives 15,000 miles a year.

How much does it cost to drive 1500 miles?

Cost To Drive 1,500 MilesMPG$2 per gallon$4 per gallon22 MPG$136.36$272.7323 MPG$130.43$260.8724 MPG$125.00$250.0025 MPG$120.00$240.0096 more rows

What is the cheapest car to drive per mile?

Well, gas-price comparison site GasBuddy.com crunched the numbers and the winner is … the Toyota Prius! The hybrid vehicle clocked in at just 7 cents per mile, beating out more than 700 cars for the title of cheapest ride.

How much does it cost to drive 2000 miles?

Cost To Drive 2,000 MilesMPG$2 per gallon$3 per gallon24 MPG$166.67$250.0025 MPG$160.00$240.0026 MPG$153.85$230.7727 MPG$148.15$222.2296 more rows

What is the average cost for a used car?

The average new-car price was $37,285 in June 2019, according to Kelley Blue Book. By comparison, the average used-car price was $20,200 for the first quarter of the year, Edmunds data shows.

What is good miles per gallon?

Don’t expect to attain higher than 20 mpg overall with a non-hybrid, and most offer less than 30 mpg on the highway. The best fuel-efficient non-electric vehicles get the following EPA-estimated combined numbers: Small Pickup: Chevrolet Colorado 2WD Diesel and GMC Canyon 2WD Diesel get 23 mpg.

How much is a gallon of gas worth?

Gas is cheap, right? Last year the national average at the pump was a paltry $2.25/gallon. That means if you had a 12-gallon gas tank, you could fill up for less than $30.