Insurance and certainly depreciation depend on miles driven. For my Jeep, I calculate gas at 15 cents, tires at 1-2 cents, and cost of the car ($40,000 over 160,000 miles) at 25 cents per mile. Your consultant has some crazy numbers.
Insurance and certainly depreciation depend on miles driven. For my Jeep, I calculate gas at 15 cents, tires at 1-2 cents, and cost of the car ($40,000 over 160,000 miles) at 25 cents per mile. Your consultant has some crazy numbers.
You would have the car anyway. It would depreciate over time anyway. You would be paying insurance, licenses and other costs anyway. The marginal cost of that 5 miles is nowhere near 65 cents a mile.
The depreciation is a function of miles AND time. I just plugged in my mileage (140000) vs 40k miles at TrueCar and the difference is $11500 just because of 100,000 extra miles. That is 11.5 cents per mile solely due to miles. The gas and tires are solely per mile. So, not counting maintenance, which is largely per mile, IтАЩm still at 28 cents per mile.
Insurance and certainly depreciation depend on miles driven. For my Jeep, I calculate gas at 15 cents, tires at 1-2 cents, and cost of the car ($40,000 over 160,000 miles) at 25 cents per mile. Your consultant has some crazy numbers.
You would have the car anyway. It would depreciate over time anyway. You would be paying insurance, licenses and other costs anyway. The marginal cost of that 5 miles is nowhere near 65 cents a mile.
The depreciation is a function of miles AND time. I just plugged in my mileage (140000) vs 40k miles at TrueCar and the difference is $11500 just because of 100,000 extra miles. That is 11.5 cents per mile solely due to miles. The gas and tires are solely per mile. So, not counting maintenance, which is largely per mile, IтАЩm still at 28 cents per mile.