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Variable or running costs are those that depend on the use of the car, like fuel or tolls. [7] Compared to other popular modes of passenger transportation, especially buses or trains, the car has a relatively high cost per passenger-distance traveled. [8] For the average car owner, depreciation constitutes about half the cost of running a car. [9]
The average consumption across the fleet is not immediately affected by the new vehicle fuel economy: for example, Australia's car fleet average in 2004 was 11.5 L/100 km (20.5 mpg US), [10] compared with the average new car consumption in the same year of 9.3 L/100 km (25.3 mpg US) [11]
A study attempted to quantify the costs of cars (i.e. of car-use and related decisions and activity such as production and transport/infrastructure policy) in conventional currency, finding that the total lifetime cost of cars in Germany is between 0.6 and 1.0 million euros with the share of this cost born by society being between 41% (€4674 ...
Here's a breakdown of how the average cost of car ownership reached beyond $12,000, in order of largest to smallest costs: ... (assumes 15,000 miles @ $0.1013 per mile) $1,520. Auto loan finance ...
If you pay $4 per gallon of gas and your car gets 20 mpg, you’ll spend $2,000 on gas over the course of 10,000 miles. But if your car gets 25 mpg, it would cost $1,600 to cover the same mileage ...
The average American spends about $462 per month on vehicle purchases, according to U.S. Bureau of Labor Statistics data. This amounts to an annual expenditure of $5,539.
This is around 1 ⁄ 5 (20%) of what is needed to power a standard upright bicycle without aerodynamic cladding at same speed, and 1 ⁄ 50 (2%) of that which is consumed by an average fossil fuel or electric car (the velomobile efficiency corresponds to 4700 miles per US gallon, 2000 km/L, or 0.05 L/100 km). [22]
According to Kelley Blue Book, the average cost of a used car in October 2023 was $26,533, while a new car could be bought for the average price of $48,334. Even with those seemingly high rates ...