How do I calculate cost per mile/km?

Add up all annual costs and divide by your annual mileage.

What does your car really cost?

Calculate your true cost per mile and per month – depreciation included. Free, no sign-up.

Vehicle type

Drivetrain

Purchase price ($)

Years of ownership

Residual value after ownership (%)

Annual mileage (mi)

Consumption (mpg)

Fuel price ($/gal)

Insurance ($/year)

Registration / tax ($/year)

Maintenance & repair ($/year)

Tires / other ($/year)

Parking / tolls ($/month)

Cost per mile–

Cost per month–

Cost per year–

With TraceRide you log fuel, service, repairs and mileage – and see your true cost per mile based on real data, not guesses.

What does my car really cost?

Depreciation, fuel, insurance, tax, maintenance and parking combined – depreciation is often the biggest hidden cost.

How do I calculate cost per mile?

Add all annual costs and divide by your annual mileage.

Is depreciation really the biggest cost?

Usually yes – it often exceeds fuel and insurance.

How much should I budget for maintenance?

A rough rule of thumb is $600–1200 per year, depending on age and mileage.

Electric vs. gas: which is cheaper per mile?

EVs are often cheaper on energy and tax, but have higher purchase cost and residual-value risk.

Why do real costs differ from estimates?

Because real values depend on your driving, repairs and prices. Log them in TraceRide to see your true number.