Car ownership cost per mile calculator UK
Spread a known annual car ownership cost across the miles you actually drive. Check the formula, worked example and limits before using your own figures.
Enter your figures
All-in cost per mile
Inputs changed. Select Calculate result to update your estimate.
Use your actual figures. Any prefilled price, fee, rate or return is an editable illustration, not a current product quote. Include finance or depreciation once, not both if they duplicate capital cost. This is an ownership cost measure, not an HMRC approved mileage rate.
How the car ownership cost per mile calculator uk works
Cost per mile = annual cost ÷ annual mileage.
Data basis: mathematical formula using your inputs. Example prices and rates are illustrative, not current market quotes.
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Worked example: car ownership cost per mile
This illustration uses the calculator’s example inputs. It is not a quote or a recommended financial decision.
- Full annual ownership cost (£)
- 4,000
- Annual miles
- 10,000
All-in cost per mile: £0.40
Cost per mile = annual cost ÷ annual mileage.
Car ownership cost per mile: questions answered
What does the car ownership cost per mile calculation include?
Cost per mile = annual cost ÷ annual mileage. Use your actual figures. Any prefilled price, fee, rate or return is an editable illustration, not a current product quote. Include finance or depreciation once, not both if they duplicate capital cost. This is an ownership cost measure, not an HMRC approved mileage rate.
Using your result
Example inputs are a starting point. Replace them with your figures and select Calculate result. Results are rounded for display; calculations use unrounded values.
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