Unformatted text preview: 3000/15 = 200 gal commute fuel Note: Shopping, vacation trips, etc. shared with another household vehicle! Average price of gasoline during 5 years 3.00/gal x 500 = $1500 per year fuel cost. Assuming ten year usage, cost per year of ownership = $2500. No financing charges! Maintenance cost estimate $ 500 / year over ten years. Annual cost without fuel = $ 3725 Total vehicle cost per year with fuel $5225 Total cost at $4 /gal fuel $5725 Although fuel costs are low due to short commute, initial cost and subsequent amortization is also low…many vehicles have higher initial cost....
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This note was uploaded on 01/16/2012 for the course ENVIRON 404 taught by Professor Rasmussen during the Fall '11 term at University of Michigan.
- Fall '11