How to use the Cost Per Mile Calculator

Calculate vehicle operating and ownership costs per mile over a measured period.

Calculation formula

Vehicle cost per mile = (fuel + insurance + maintenance + depreciation) ÷ miles driven.

Recommended steps

1. Enter values using the units shown beside each field.
2. Review whether the example assumptions match your situation.
3. Run the calculator and compare the key metrics.
4. Use the source data or official rates when precision matters.

Known limitations

Include all relevant ownership costs for a fuller estimate. Driving use patterns and depreciation vary.