Calculating Overall Operational Costs

Calculating the overall cost of operating a vehicle monthly or annually can be a bit time consuming but it’s well worth it. This reflects the cost primarily of stop-and-go driving conditions.

Depreciation, taxes, finance charges, registration, insurance and license fees are (ownership) costs that are incurred regardless of how often you drive your vehicle.

Operating costs include gas, oil, maintenance and tires that accumulate for each mile your vehicle is in operation. It is a good idea to keep track of these costs on a per-mile as well as an annual basis.

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