CalculatorMasters

Vehicle Running Cost Calculator

Estimate how much it costs to run your vehicle based on fuel economy, fuel price, distance, insurance, maintenance and other regular costs.

Your Details

Overview

This vehicle running cost calculator helps you estimate how much your car costs to run each month and year. Enter your monthly mileage, fuel economy, fuel price, insurance, maintenance and other regular costs to see an estimated total cost and cost per mile.

How it works

The calculator estimates how much fuel you use each month by dividing your monthly distance by your fuel economy. It then multiplies that by the fuel price to find your monthly fuel cost. Finally, it adds insurance, maintenance and other monthly costs to give a total running cost, then divides by your mileage to estimate cost per mile.

How to use this calculator

  1. 1Enter the number of miles you usually drive each month.
  2. 2Add your vehicle's average fuel economy in miles per gallon.
  3. 3Enter the current fuel price per gallon.
  4. 4Fill in your monthly insurance, maintenance and other regular costs.
  5. 5Review your estimated monthly cost, annual cost and cost per mile.

Example Calculation

Distance per Month

1200

Fuel Economy

30

Fuel Price

$4

Insurance per Month

$140

Maintenance per Month

$80

Other Costs per Month

$60

Monthly Running Cost

$432

If you drive 1,200 miles per month at 30 mpg with fuel at 3.80 per gallon, fuel costs are about 152 per month. Adding 140 insurance, 80 maintenance and 60 other costs gives an estimated monthly running cost of 432, or about 0.36 per mile.

Frequently asked questions

What does the Vehicle Running Cost Calculator estimate?

It estimates your monthly and annual vehicle running costs, including fuel, insurance, maintenance and other regular expenses.

Does this calculator include depreciation?

No. This version focuses on regular running costs and does not include depreciation, finance payments or the vehicle purchase price.

How do I calculate cost per mile?

The calculator divides your total monthly running cost by the number of miles you drive each month.

Should I include irregular repairs in maintenance?

You can include them by estimating an average monthly amount based on your expected yearly repair and servicing costs.

Can I use this calculator to compare two vehicles?

Yes. Enter the details for each vehicle separately to compare fuel costs, monthly running costs and cost per mile.

Explore Related Calculators

Office Rent Affordability CalculatorEstimate how much office rent your business may be able to afford based on revenue, target occupancy cost, existing fixed costs and headcount.Calculate →Commercial Lease CalculatorEstimate your commercial lease costs, including base rent, operating expenses, annual increases and total lease cost over the term.Calculate →Business Insurance Cost CalculatorEstimate your business insurance cost based on revenue, payroll, industry risk, coverage level, and deductible.Calculate →Franchise Cost CalculatorEstimate the upfront investment, working capital, and total first-year cost of opening a franchise.Calculate →

Assumptions and warnings

Assumptions

  • Fuel economy stays consistent across your monthly driving.
  • Fuel price remains the same during the period being estimated.
  • Insurance, maintenance and other costs are averaged monthly values.
  • Results are estimates and do not include unexpected repairs or changes in driving habits.

Warnings

  • This calculator provides an estimate only and should be used for budgeting purposes.
  • Actual vehicle running costs can vary based on traffic, driving style, fuel prices and unplanned repairs.