Laughing to the bank!

barbaram · 10-17-2006, 07:58 PM

I just got an expense check from work for my driving from September. $405 plus change
I drove 2237.1 miles and bought 45.329 gal of gas which at an estimate of $2.25 a gal cost me $102!!!!Of course all I spent on the car upfront is forgotten!

dragonfly · 10-17-2006, 09:50 PM

Cool! Drinks on you!

Proco · 10-17-2006, 10:39 PM

<div class='quotetop'>QUOTE(barbaram @ Oct 17 2006, 07:58 PM) [snapback]334256[/snapback]</div>

Quote:

I just got an expense check from work for my driving from September. $405 plus change
I drove 2237.1 miles and bought 45.329 gal of gas which at an estimate of $2.25 a gal cost me $102!!!!Of course all I spent on the car upfront is forgotten!
[/b]

Awright Barb!!! That calls for some dancing fruit!!

Does this mean your treating at the next meet? :P

**TonyPSchaefer** · 10-18-2006, 12:04 AM

Talk about payback!

Quite seriously some of my coworkers have suggested that I drive my car to branch locations rather than flying.

mgundel · 10-18-2006, 05:36 AM

<div class='quotetop'>QUOTE(barbaram @ Oct 17 2006, 07:58 PM) [snapback]334256[/snapback]</div>

Quote:

I just got an expense check from work for my driving from September. $405 plus change
I drove 2237.1 miles and bought 45.329 gal of gas which at an estimate of $2.25 a gal cost me $102!!!!Of course all I spent on the car upfront is forgotten!
[/b]

Sounds like you're getting the short end, that's only about 0.18 per mile. Make sure you keep your records and deduct the difference off your taxes. The IRS is at about 0.41 per mile. I am reimbursed at 0.37 and the difference at the end of the year is substantial.

dreichla · 10-18-2006, 05:42 AM

Don't forget the wear and tear on your car, tires, that pothole you hit and the alignment you'll need, accelerated depreciation due to the miles you put on behalf of your work, etc.

daniel · 10-18-2006, 06:10 PM

<div class='quotetop'>QUOTE(dreichla @ Oct 18 2006, 02:42 AM) [snapback]334331[/snapback]</div>

Quote:

Don't forget the wear and tear on your car..
[/b]

Yep. The mileage stipend is supposed to cover wear and tear and depreciation as well as gas. Calculate the total cost of ownership (purchase price plus all gas plus all maintenance plus any repairs plus ???) and divide by total miles driven to arrive at your cost of ownership per mile. That's what they should pay you to break even.

I wonder if anyone's ever done an estimate for the Prius, with reasonable assumptions about vehicle life and average mpg and total maintenance and repair costs?

barbaram · 10-18-2006, 08:53 PM

Oh No! I am reimbursed at the IRS rate of 44.8 per mile so not all miles were work miles.

I alos figured at $2.25 a gal / 50 MPG that buys 9000 miles worth of gas!!!!!!

since the spaceship turned 14,000 today, athe one check paid for many of those miles!

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10-17-2006, 07:58 PM	#1
barbaram Senior Member Join Date: Jan 2006 Location: Trenton, NJ Posts: 721 My Car: 2006 Prius Package: #6 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	I just got an expense check from work for my driving from September. $405 plus change I drove 2237.1 miles and bought 45.329 gal of gas which at an estimate of $2.25 a gal cost me $102!!!!Of course all I spent on the car upfront is forgotten!

10-17-2006, 09:50 PM	#2
dragonfly Senior Member Join Date: Aug 2006 Posts: 1,921 My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 1	Cool! Drinks on you!

10-18-2006, 12:04 AM	#4
TonyPSchaefer Ruler of Omicron Persei 8 Join Date: May 2004 Location: Far-North Chicagoland Posts: 8,418 My Car: 2004 Prius Package: #9 Nominated 4 Times in 2 Posts TOTM Awards: 0 Friends: 16	Talk about payback! Quite seriously some of my coworkers have suggested that I drive my car to branch locations rather than flying.

10-18-2006, 05:42 AM	#6
dreichla Join Date: Feb 2005 Location: Connecticut Posts: 2,230 My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Don't forget the wear and tear on your car, tires, that pothole you hit and the alignment you'll need, accelerated depreciation due to the miles you put on behalf of your work, etc.

10-18-2006, 08:53 PM	#8
barbaram Senior Member Join Date: Jan 2006 Location: Trenton, NJ Posts: 721 My Car: 2006 Prius Package: #6 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Oh No! I am reimbursed at the IRS rate of 44.8 per mile so not all miles were work miles. I alos figured at $2.25 a gal / 50 MPG that buys 9000 miles worth of gas!!!!!! since the spaceship turned 14,000 today, athe one check paid for many of those miles!