Cost Per Mile

Find your annual car cost for every mile.

Your numbers

Enter your numbers to see the result.

How Cost Per Mile works

Add the entered annual fuel, insurance, maintenance, registration, depreciation and interest costs. Divide by annual miles for cost per mile or by 12 for average monthly cost.

A worked example

These sample values illustrate the calculation. Use your own numbers in the calculator for your result.

Example inputs
Annual fuel ($)
1400
Annual insurance ($)
1400
Annual maintenance ($)
600
Annual registration ($)
150
Annual depreciation ($)
2000
Annual loan interest ($)
500
Annual mileage
12000
Cost per mile
$0.50
Annual cost
$6,050.00
Monthly cost
$504.17

Assumptions and limits

All results use the numbers you enter. Change the sample values to match your vehicle.

Check lender terms and manufacturer guidance. These estimates do not replace a mechanical inspection.