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Cost Per Mile Calculator

True cost to drive, per mile and per year.

Details

Results

Cost per mile
Total annual cost
Cost per month

Estimates only. Confirm exact terms with your lender or dealer.

How it works

Your real cost of driving is more than gas. We sum fuel, insurance, maintenance and depreciation/payments and divide by annual miles for a true cost per mile.

Depreciation is often the biggest cost — don't leave it out.

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Good to know

FAQs

What counts as a cost?

Fuel, insurance, maintenance, repairs and depreciation/payments.

Why per mile?

It lets you compare vehicles and reimburse mileage fairly.

What's the IRS rate?

The IRS sets a standard mileage rate yearly; this computes your own.

Financial advice?

No — an estimate.