Carvico Tools
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Cost per mile calculator

Fuel is the cost you feel every week. Depreciation is the one that quietly costs more. This adds up both, plus maintenance, insurance and registration.

Running costsFree, no signup1 min

Your car, your numbers

Runs entirely in your browser — nothing is uploaded, and this page carries no analytics or trackers. Use a 12-month window if you have one; otherwise use the whole time you have owned the car and set the period accordingly.

Total cost / mile
Running cost / mile
Depreciation / mile
Cost per year

Questions

How do you calculate cost per mile?

Add every cost of owning the car over a period — fuel, maintenance, insurance, registration, and the value the car lost — then divide by the miles you drove in that period.

Should depreciation count?

Yes. It is usually the largest single line and it is the one people leave out. The difference between what a car was worth at the start of the period and what it is worth now is a real cost, whether or not you have sold it.

What is a typical cost per mile?

AAA puts the average for a new car around 70 cents per mile at 15,000 miles a year. An older car that is done depreciating is dramatically cheaper to run, which is the whole argument for keeping one.

The long version

This tool is the arithmetic on its own. What your car actually costs per mile is the explanation behind it — what each line item really runs, the national benchmark, and why depreciation dominates.