Auto Loan Calculators
Cost Per Mile Calculator
Add up finance, fuel, insurance, tax and maintenance to find what each mile of driving actually costs.
Cost per mile
$0.65
- Total annual cost
- $7,750
- Annual fuel cost
- $1,350
- Cost per month
- $645.83
FinanceFuelInsuranceMaintenance
How this calculator works
Cost per mile = total annual cost ÷ annual miles
- total annual cost
- finance, insurance, maintenance and fuel combined
Important considerations
- Depreciation is usually the largest single cost and is easy to overlook.
- Short urban journeys reduce fuel economy and raise maintenance.
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- Auto Loan Payoff CalculatorEarly payoff date and interest saved.
Learn more
Terms used here
Frequently asked questions
Should depreciation be included?
Yes. It is a real cost even though no money leaves your account until you sell.
Disclaimer
Legamoney calculators are educational tools. Results are estimates based on the figures you enter and do not constitute financial, tax or legal advice.
Last reviewed 2026-08-01