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
How this calculator works
Cost per mile = total annual cost ÷ annual miles
- total annual cost
- finance, insurance, maintenance and fuel combined
Example calculation
Illustrative example — not advice
Worked example — the cost per mile calculator as it loads, using the default figures below.
- 01Enter annual miles: 12000.
- 02Enter finance or depreciation: $4,200.
- 03Enter insurance: $1,300.
- 04Enter maintenance and tyres: $900.
- 05Enter fuel price per gallon: $4.
- 06Enter miles per gallon: 32.
- 07Read the cost per mile from the results panel: $0.65.
Cost per mile: $0.65. Total annual cost: $7,750. Annual fuel cost: $1,350. Cost per month: $645.83.
These figures come straight from the calculator above running on the values listed, so you can retype them and confirm every number yourself. Change any input and the results update immediately. Illustrative only — not a quote, offer or recommendation.
Important considerations
- Depreciation is usually the largest single cost and is easy to overlook.
- Short urban journeys reduce fuel economy and raise maintenance.
Related calculators
- Car Depreciation CalculatorVehicle value year by year.
- Car Affordability CalculatorThe car price a monthly budget supports.
- Lease vs Buy CalculatorTotal cost of leasing against buying.
- Budget CalculatorNeeds, wants and savings from your take-home pay.
- Auto Loan CalculatorMonthly vehicle payment after deposit, trade-in, tax and fees.
- Auto Loan Payoff CalculatorEarly payoff date and interest saved.
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