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