How the cost per mile is calculated
total = fuel + maintenance + depreciation + tolls & parking
cost per mile = total ÷ distance
cost per mile = total ÷ distance
Each component is also divided by the distance, so you can see which part of the trip costs the most per mile. Leave any component at 0 to exclude it.
Worked example
A 600-mile round trip uses $80 of fuel. Adding $20 of maintenance, $15 of depreciation and $5 of tolls gives a total of $120, which is 120 ÷ 600 = $0.20 per mile. Fuel alone was only $0.13 per mile — the extras add half as much again.
What to include
- Fuel or electricity: work it out first with the fuel cost calculator or the EV charging calculator.
- Maintenance: tyres, oil and servicing wear out with distance. A small allowance per mile keeps the figure honest.
- Depreciation: every mile reduces a car's value a little. This matters most when deciding between driving your own car and another option.
- Tolls and parking: easy to forget, and on some routes they exceed the fuel cost.
Deciding between driving and flying? The driving vs flying calculator builds these costs into a full comparison.