How to Use This Calculator
- Enter your expected annual mileage - this is the planned or standard number of miles you anticipate driving your vehicle in a year.
- Enter your actual annual mileage - this is the total number of miles you have actually driven your vehicle in the past year.
- Enter your annual vehicle cost - this should include all costs associated with your vehicle such as insurance, maintenance, and financing.
- Enter the mileage rate - this is the cost per mile for vehicle usage, which may be determined by your employer's fleet policy or a standard rate.
- Click the Calculate button to see the results.
Understanding the Results
The calculator provides three key results:
- Excess Mileage - The difference between your actual and expected mileage in miles.
- Excess Mileage Cost - The total additional cost incurred due to driving more than expected.
- Cost Per Mile - The additional cost incurred per mile driven beyond the expected mileage.
Practical Applications
This calculator can be particularly useful for:
- Employees who want to determine additional vehicle expenses for business use beyond standard limits
- Vehicle owners evaluating the financial impact of higher-than-expected usage
- Companies managing fleet vehicles and calculating excess usage costs
- Individuals considering whether to purchase a vehicle based on projected mileage and costs