How much does it cost to drive 100 miles in a car you already own in the UK?

Answer 1

The cost to drive 100 miles depends on the amount of fuel the car uses and the price of fuel. As an example let's say the car gets 30 mpg. If you divide 30 into 100 you find it will take 3.33 gallons of fuel to go that 100 miles. If the price of fuel is $4 per gallon then multiply that by 3.33 and you get $13.32. But that is just the price of fuel. The wear on the vehicle, insurance, maintenance, depreciation, and other factors must be considered. In the U.S. the business allowance per mile by the IRS is .55 cents. So using the .55 cents as a measurement it would cost $55 to travel 100 miles. The rate for moving and medical purposes is 23.5 cents. At that rate the cost to travel 100 miles would be $23.50.