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Q: Gas milage expense ( Answered 5 out of 5 stars,   0 Comments )
Subject: Gas milage expense
Category: Business and Money > Accounting
Asked by: lewsorrells-ga
List Price: $5.00
Posted: 12 Aug 2005 07:54 PDT
Expires: 11 Sep 2005 07:54 PDT
Question ID: 554928
How do you calculate the cost of driving an automoble?
Subject: Re: Gas milage expense
Answered By: landog-ga on 12 Aug 2005 10:42 PDT
Rated:5 out of 5 stars
It may vary from model to model and between diesel and gasoline cars,
but the general costs of driving a car can split into two:

- Costs if you drive your car or not - the 'standing costs'.
- Costs only if you drive your car - the 'running costs'.

Standing Costs
Initial amount spent on your car, Government & State taxes, license
taxes/fees. Annual or Semi annual test, Depreciation - affected by the
period of time since the car was bought and by the mileage on the
odometer. If you used a loan or some kind of financing - the interest
rates will also have an affect on the overall standing costs. The
fading of the paint job will also devaluate your car (don't park in
the sun!).

Running Costs
The amount of Gasoline or Diesel fuel you consume (don't drive so
fast! Or so far!), Oil consumption , wearing of tires and parts that
will be replaced in due course. Routine service (based on mileage or
time) and repairs that cannot be predicted to any real accuracy.

Take a look at a price list of your car model to get an idea how the
price of your car depreciates annually.

Tips to choosing a car that will have minimal Running Costs:

- Buy a model that has abundant and cheap spare parts.
- Buy a car that has cheap servicing fees and easy to service.
- Check for the specific model's track record. Does it have weak
points? Problematic Electrical wiring, for example.
- Consult with friend, colleagues and family. What is their experience
with certain models?
- Drive slowly & gently to conserve gas and minimize shocks to the shock absorbers.
- Make sure you service your car regularly as stated by the car manufacturer.
- The ultimate way: don't own a car...ride a bicycle.

Need any more info? Please ask.


"I've been driving in my car, it's not quite a jaguar
I bought it in primrose hill from a bloke from brazil
It was made in fifty-nine in a factory by the tyne
It says morris on the door, the g.p.o. owned it before
I drive in it for my job, the governor calls me a slob
But I don't really care, give me some gas and the open air"

Driving in My Car
lewsorrells-ga rated this answer:5 out of 5 stars
Thanks for your promptness!

There are no comments at this time.

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