hawkiron t1_jebmjk6 wrote on March 30, 2023 at 8:50 PM

Reply to comment by Mashtatoes in I make 42k and I work from home 4 out of 5 days a week. I signed a 60k offer onsite 23 miles there and back 45 min, 45 min back. Does this make any sense? by RemarkableCell1859

Not just gas, wear and tear. 11.5k miles per year assuming 250 working days (250x43).

EDIT: By the IRS mileage rebate standards which include gasoline and damage, it would be $7532 (65.5c/mile). This is based on "an annual study of the fixed and variable costs of operating an automobile." Of course, every situation is unique.

jburcher11 t1_jeby7fa wrote on March 30, 2023 at 10:07 PM

I came here for this was simply going to state that the government has it pretty nailed down what a mile is worth. Good ole travel and per diem rates, ah, I miss those days.

But yeah, just use those rates to see if its worth it. YMMV

Triscuitmeniscus t1_jecrjf9 wrote on March 31, 2023 at 1:41 AM

I don’t think the Fed mileage reimbursement rates are directly applicable like that. Whenever I’ve done the math on my used Mazda3 I end up with something like less than half the Fed rate. Maybe if I was buying a new $50k car every 5 years and getting $10k for a trade in it would work out that way, but I’ve always felt the reimbursement rates were set that way as a gift to employees who get mileage reimbursed or use it as a deduction. I’m saying that as someone who is regularly reimbursed for using my vehicle.

munchies777 t1_jed7tap wrote on March 31, 2023 at 3:57 AM

Yeah, it’s definitely way high if you have a cheaper used car. By those mileage rates, even after gas and maintenance I would have depreciated my used car 4 times over by now.

hawkiron t1_jeerl4g wrote on March 31, 2023 at 2:14 PM

Certainly it's based on worst case scenarios. Though even if you cut in half it's still a chunk of change worth considering. Keep in mind 11.5k miles at the median gas price ($3.50/g) by itself is ~$1350 with a car doing 30MPG. 11.5k miles is also a couple of oil changes, potential increase in insurance costs, and you're going to see a lot of general failures of parts after a few years.