Date: 22 Jul 2006 10:57:43 -0700 From: klbailey_usenetnospamo.com Subject: Re: Maintenance Cost Per Mile
ghostnospamachine.net wrote: > Anyone ever break down your cost to maintain by the mile? > > I just did this for my 97 900S with 220,000 miles and I came up with > 4.95 US cents per mile. > > If you do the math you will see that I spent nearly $11,000 USD on > maintenance. This includes parts, labor, oil changes, etc. All repair > and maintenance. Seems kind of high to me considering that I paid 24K > for the car brand new. > > I noticed a trend where the car seems to need about $1000 of service > every 30,000 miles (approximately). > > John EPA mileage for the manual "S" is 21 mpg city / 29 highway, so, assuming 25 mpg at current national average price of $2.99/gallon, fuel would be 11.96 cents/mile (with your mileages, you probably did more highway driving and this overestimates your fuel cost). You paid $24k, and Edmunds says a "clean" 900 with 220k miles has a trade-in value of $1319, so your depreciation is 10.31 cents/mile (ignoring finance costs or whatever). I'll assume $1,000 insurance per year for 10 years, or about 4.55 cents/mile. Your maintenance (including tires?) of 4.95 cents/mile brings the total to 31.77 cents per mile (ignoring capital costs, licenses, time value of money, washes, and anything not in your 4.95 cents) for a total cost of $69,883. The IRS deduction for business use this year is 44.5 cents, so $97,900 to drive an "average vehicle" (whatever that is), or $28,017 more than you paid. Granted, your mileage is pretty high so you'd have a good shot at beating the averages in anything, but less than 5 cents per mile is incredibly good, especially since it includes the high-mileage phase of the car's life...is this the first car you've owned or something? replies to user k.l.bailey at the Institute of Electrical and Electronics Engineers
