Etini
Valued Contributor
Anyone that wants to undertake any projects must first of all count the cost. A car is a vital tool that helps with moving around. But you have to fuel it and that has financial implications. Here is how to estimate the financial implication of fuelling a particular car you want to buy on a monthly basis to help make a sound financial decision.
Variables Needed:
The specified Miles Per Gallon of a Car. It is always found on the website of the manufacturer.
The mileage estimation of all your movements Monthly: Estimate the total distance of your routine commutes monthly.
Current Fuel Price: Find the cost of fuel per litre and from fuel stations.
To know the actual value. Use the formula:
Fuel cost= Monthly Mileage /(MPG of Car) * (Price of fuel per litre).
Example: For a car that has 30 MPG, and a person that has a total of 1000 miles commute monthly with a prevalent fuel price of $3 per litre.
1000/30 * 3 - The cost of fuel for this kind of car is $100
That might be too high for some people.
Variables Needed:
The specified Miles Per Gallon of a Car. It is always found on the website of the manufacturer.
The mileage estimation of all your movements Monthly: Estimate the total distance of your routine commutes monthly.
Current Fuel Price: Find the cost of fuel per litre and from fuel stations.
To know the actual value. Use the formula:
Fuel cost= Monthly Mileage /(MPG of Car) * (Price of fuel per litre).
Example: For a car that has 30 MPG, and a person that has a total of 1000 miles commute monthly with a prevalent fuel price of $3 per litre.
1000/30 * 3 - The cost of fuel for this kind of car is $100
That might be too high for some people.
