Cost Per Mile
I have some time to kill before podcast recording tonight. I was balancing my checkbook and took a quick look at the report it generated for last year. I noticed that all my auto expenses for last year were $2532.10. It breaks down like this:
Fuel $839.25
Insurance $806.00
Service $545.16
Registration $222.69
Parking $99.00
Tax (tolls) $20
And since I drove for 10,400 miles last year. I’m basically paying (253210/10400) 24.3 cents per mile. This isn’t taking into account depreciation or cost of the car because I don’t know how to figure that. Based on just this, each time I bike to work I’m saving 12 * 25 cents or roughly $3. I didn’t bike that much last year, just 1082 miles. But that’s a savings of $3246, which is kind of impressive, I think. Makes me want to keep biking. And I’m happy that I biked to tutoring and the library last night, even though it was 5 degrees. It was a painful (approximate) mile to ride, but I saved myself a quarter. 🙂