How much does it cost to drive per km?
How much does it cost to drive per km?
If you haven’t kept a record of your maintenance services, you can estimate these costs at of 3.27 cents per kilometer driven, which is the average for a standard compact with routine maintenance.
How much does it cost to drive 1 km in Ontario?
If you want to know the figure for a single kilometre, that’s easy, since you just divide by 100. So if the cost of driving 100km is $11, driving one kilometre is 11 cents.
How do you calculate the cost of driving somewhere?
Take the mileage of the total distance of your trip and divide it by your miles per gallon to get the number of gallons of gas you will need on your journey. Then multiply that figure by the current gas price, and the result is the estimated cost of gas for your road trip.
What is the average cost of wear and tear on a car?
Time to read: 6 min….Cost of Wear and Tear on a Vehicle Per Mile: A handy chart.
| Modle | 1500 |
|---|---|
| Average Miles per year | 15,000 |
| Average Maintenance & Repairs in Year 3 of Ownership | $ 2,208 |
| Annual Depreciation in Year 3 | $ 2,368 |
| Total Cost Per Mile | $ 0.30 |
How much should I claim per km?
The per kilometre car expense claim rate for 2022-23 is 78 cents per km. The rate for 2020-21 and 2021-22 is 72 cents per km for up to 5,000 business kms.
How do I calculate my car cost per mile?
To calculate your cost per mile, simply divide your total expenses for the month by the total number of miles you have driven that month. For example, if your expenses totaled $3,000 and you drove 10,000 miles, your cost per mile is $0.30.
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