Comment Re:I question your numbers. (Score 1) 688
Does your calculation include depreciation in the value of the car due to added mileage? How about major maintenance (such as timing belt, etc) that will be moved sooner with the added mileage?
The IRS itself calculates mileage reimbursement at 50-some cents per mile. I believe that AAA has a similar figure for average car costs. I had a personal finance teacher (a real, hard-core money geek) tell us that the real figure is closer to one dollar per mile, but he didn't give details of how he arrived at that, and he could have been way off.