math question: cost of gas/gas mileage/work reimbursement

G

Gary007

Joined
May 17, 2002
Messages
1,452
Ok, I am horrible when it comes to math, can somebody double check my thinking:

My car gets 19mpg. Gas in my area currently, as of today is $3.00 a gallon.
So, per mile I pay approx .16 cents? Right?

Now, I do a little driving for my job and they reimburse me .405 cents per mile.

Last month I drove 234 miles, and they are reimbursing me $94.77. In actuality I only paid $37.44 in gas, so I feel I am keeping ahead of the game, except of course for wear and tear, so bottom line: $37.44 - $94.77 = $57.33 for knife money, right? :)
 
Gary007 said:
Ok, I am horrible when it comes to math, can somebody double check my thinking:

My car gets 19mpg. Gas in my area currently, as of today is $3.00 a gallon.
So, per mile I pay approx .16 cents? Right?

Now, I do a little driving for my job and they reimburse me .405 cents per mile.

Last month I drove 234 miles, and they are reimbursing me $94.77. In actuality I only paid $37.44 in gas, so I feel I am keeping ahead of the game, except of course for wear and tear, so bottom line: $37.44 - $94.77 = $57.33 for knife money, right? :)
Click to expand...

You definately got more cash in your pocket. You need to consider cost of ownership per mile for a vehicle. Also, if you lease a car, you have to pay for any over miles. I use it to supplement my allowance, since my wife has me on a short string these days :o
 
Yeah, I hear you on the "short string", :( There was a time when I was in charge of the finances and I paid the bills. Boy, those were the days.



Shann said:
You definately got more cash in your pocket. You need to consider cost of ownership per mile for a vehicle. Also, if you lease a car, you have to pay for any over miles. I use it to supplement my allowance, since my wife has me on a short string these days :o
Click to expand...
 
Gas is only part of your mileage cost -- you also have depreciation and maintenance. If you pay $11,000 for a car and trade it in 100,000 miles later for $1,000 that's 10 cents per mile depreciation, and you're not going to get 100,000 miles in without any repairs, tuneups, new tires ...
 
Depreciation, insurance, oil changes, tires, registration...

You might be breaking even, but probably not coming out ahead by much.

-Bob
 
Forget the depriciation, insurance, oil, maintenance, tires, etc. You obviously have more money to buy knives.

That was the answer you wanted, right? ;)
 
YES! THANK YOU! :D

MikeH said:
Forget the depriciation, insurance, oil, maintenance, tires, etc. You obviously have more money to buy knives.

That was the answer you wanted, right? ;)
Click to expand...
 
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