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Wednesday, March 2

Vehicles and the True Cost of Ownership: How Much is My Car Really Costing Me?

I drove fewer miles in my Pontiac G5 last month. I used the Corolla for a week, plus I don't really go anywhere except to and from work.

I determined that each mile I drive costs me $.0867 in depreciation. In February I drove 1,603 miles. My vehicle depreciation expense was $138.98.

Mystery shopping definitely consumed some miles! In February the only shopping I did was 17 gas station shops that provided $10 free gas at each location.

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