I think it's always instructive to break out all the costs of owning a car on a per mile basis.
I but about $700/year in gasoline. And pay about $600/year insurance. And drive about 6500 miles a year.
So insurance and gas are both about 10 cents a mile. I think depreciation and maintenance are higher at about 15 cents/mile. So 50 cents a mile. IRS says a business can write off 67 cents a mile.
I but about $700/year in gasoline. And pay about $600/year insurance. And drive about 6500 miles a year.
So insurance and gas are both about 10 cents a mile. I think depreciation and maintenance are higher at about 15 cents/mile. So 50 cents a mile. IRS says a business can write off 67 cents a mile.