Thread: Cost of driving
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Old 09-11-2008, 10:22 AM
Brian Carlton Brian Carlton is offline
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Join Date: May 2002
Location: Blue Point, NY
Posts: 25,396
The costs for an older vehicle for which you do all the maintenance are significantly lower than what the IRS allows.

My numbers are as follows:

Fuel:.16
Repairs:.10
Insurance: .05
Depreciation:.04


New vehicles have significantly higher depreciation and insurance figures and minimal repairs. Some new vehicles can easily hit .33 in depreciation and .12 in insurance.

Numbers based upon 15K per year.
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