Cheapest Car Per Mile

Discussion in 'The Okie Corral' started by Gonzoso, May 4, 2012.

  1. Gonzoso

    Gonzoso

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    I like to take an active role in my finances and keep track of things to understand and improve my fiscal situation.

    I recently retired my Jeep TJ and calculated the cost per mile of my ownership of this vehicle.

    With purchase, gas, insurance, maintenance, registration etc. I ended up paying 35 cents per mile for the 5 years/50k miles that I owned it.

    I was quite happy as that figured out to be 20 cents cheaper than the fed government calculates the last I checked.

    Most of my savings were due to the fact that I do my own work and really had no major repair bills due to my fastidious nature with regular maintenance, and luck.:whistling:

    So what do you pay per mile on your car?

    You basically have to add up all the costs of your car including
    Purchase
    Insurance
    Taxes
    Gas
    Registration
    Maintenance & Repair

    And divide by the miles driven. If you sold the car subtract the selling price from the sum of costs of course.
     
  2. FPS

    FPS

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  3. airmotive

    airmotive Tin Kicker

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    Now this is a good question....

    I got nothing more to add.
     
  4. geofri

    geofri Poikilotherm™ Lifetime Member

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  5. Gonzoso

    Gonzoso

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    Many people are ill informed and short sighted in terms of cost of their personal transportation.

    For me the most efficient way to do things is to buy a several year old car cheap, with cash, then fix it myself, selling it after 5 years or so hopefully before it needs major repairs.

    The important thing is to continue to put money away for purchasing a newer car.

    My 1997 Jeep TJ I bought with 90k on it for 3,000 cash in 2007.

    I'm selling it with 140k for 2k cash.

    The actual cost of a car is low compared to other costs.

    I spent about 10,000 dollars on gasoline in that time, meanwhile the actual price of the car for me after the sale was 1/10th of what I spent on gas.

    Being savvy and tight in certain areas allows me freedom in others, like bicycles and motorcycles.:supergrin:
     
  6. Diesel_Bomber

    Diesel_Bomber

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    I honestly have no clue. I drive what I like and pay to play.
     
  7. Gonzoso

    Gonzoso

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    There is that aspect to this as well. I also have a motorcycle which I enjoy. While it does save gas I just did the math on it and I have spent about 56 cents per mile on the bike so far.
     
  8. paynter2

    paynter2 It ain't over Millennium Member

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    My 'work' car is a 2001 Corolla. I paid $6K for it 130K miles ago. I've changed oil and put gas (~3500 gallons) in it. Tires (8), brakes (once) , and a used MAF sensor ($45). Nothing more. It still runs great, burns no oil and doesn't have any rattles... I'll drive it for another 50K miles and then sell it for $2K. $20K total outlay would be high.

    Insurance is a variable - not everybody carries the same insurance. Some save money - until they need better coverage. :whistling:

    You can do the math.
     
  9. GeorgiaRedfish

    GeorgiaRedfish Senior Member

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    I would say Toyota anything.
     
  10. Resqu2

    Resqu2

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    I have a 2012 Scion TC, my gas cost as of now is around .13 cents a mile. I have no maintenance cost for 2 years as Toyota takes care of that. I'd have to dig to figure out the cost you ask for and I'm to tired :supergrin:
     
    Last edited: May 4, 2012
  11. RonS

    RonS Millennium Member

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    The one that is paid for.
     
  12. Geeorge

    Geeorge Sarcasm Inc.

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    [ame="http://www.youtube.com/watch?v=684937sSN1E"]classic vw beetle commercial: 2 pennies a mile! - YouTube[/ame]