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Free online calculator to determine true cost to own and operate your car

I found a great website that gives you the true cost to own and operate your car. It is published by the Santa Cruz County Regional Transportation Commission in California.

http://www.commutesolutions.org/calc.htm

Note that they come up with a base of $1.19 per mile to own and operate your car. I telephoned them this morning to ask when the calculator was created so I could adjust for gas price increases.

They said 2004!

The agency is in the process of updating all the figures on the site and the new calculator will be available in early June.

I've been assuming $1 per mile PLUS $30 per hour for my travel time. For now, I'm going to assume $1.50 for the per mile number and adjust it next month when the new calculator is out.

I suggest we all bookmark the site and write a reminder in our calendars to check for the update in June.

LauraV

Posted by Laura Vestanen on 05/07/2008 11:39 AM

Comments (4)

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4 Comments on Free online calculator to determine true cost to own and operate your car

MAY

2008

Thanks for the info Laura. With gas prices the way they are, it's my guess I won't be to happy with results.

JUN

2008

Wow, and I thought $1 per mile was high. I always knew the .50 cents or so the governernment mileage rates seemed low, but I didn't realize it was THAT low!

JUL

2008

While performing research for my website, I did a local and national survey of what notaries was charging for mileage. The going rate charged was a $1.50 per mile. I was shocked to find that some notaries were not charging a mileage fee. Quickbooks software has a great tool to capture the cost to use your car as well.

AUG

2008

I have found for loan signing in Southern CA no one will pay extra for mileage for loan signing assignments. The companies simply pick a notary close to the signing.

This could change for CA because so few people are becoming a notary/loan signer (starting Sept 07 thru all of 2008) that might change as time passes.

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