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Explore the cost to drive per mile, including IRS cost per mile, wear and tear costs, and amortization of organizational costs.
Calculate the cost per mile of driving with our easy-to-use Cost Per Mile of Driving Calculator. Input the cost of gas, your car's MPG, and its value to get a quick estimate of your driving expenses.
The cost per mile for a 350-mile trip with a $175 budget is $0.50 per mile. If you're planning future trips and want to estimate your travel expenses accurately, visit Omni Calculator's cost per mile calculator.
The 2024 IRS standard mileage rates are 67 cents per mile for every business mile driven, 14 cents per mile for charity and 21 cents per mile for moving or medical.
October 10, 2023. Are you wondering how much it costs your fleet vehicles to travel from point A to point B? If you’re a fleet manager or owner looking to achieve cost efficiencies and skyrocket your fleet’s performance, you’re probably intrigued by the topic of how to calculate Cost per Mile.
Knowing your cost per mile reveals your spending patterns and areas where you could cut costs. It helps you set a fair transport price, so you don’t lose money on a load. Once you understand your cost per mile, you’ll know exactly how much you should charge per mile to be profitable.
Step #1. Calculate Your Total Cost. Your total cost is made up of three costs: Fixed costs.
Calculate the fuel cost to drive between cities based on the distance and your car's gas mileage (mpg).
Unlock the secrets of efficient cost per mile calculation with our comprehensive guide. Learn practical tips and expert insights on how to calculate cost per mile effectively.
On average, using an in-house fleet for shipping and delivery costs your business $2.80 for every mile on the delivery route. You can’t eliminate this expense entirely from your business, but you can find ways to lower the total cost by breaking down expenses mile by mile.