One of the exercises in my Personal Marketing class is to calculate the cost of driving to work. I have decided to share this information with all my readers.
First let’s define some automotive expenses related to driving to work (Gas, Oil, Tires, Insurance, Vehicle Replacement, Vehicle Registration, Monthly Parking, Tolls, and Driving Time)
Gas
Actual Hwy MPG = (Percentage of trip traveling 60 MPH) x Hwy MPG
Miles Per Gallon = (Actual Hwy MPG + City MPG) / 2
Miles Per Gallon x Cost Per Gallon
Your Hwy MPG only counts when you’re traveling at Hwy speeds.
Oil
Oil change...