How Do Your Costs Compare to the Average?

On average, it will cost you $4 to $6 per day to ride in a METRO STAR vanpool (even less if your employer provides a transportation benefit). This estimate is based on the number of miles from the STAR vanpool meeting place to your work site and includes van lease, liability insurance, 24/7 roadside assistance, routine maintenance and repairs, gasoline, parking and toll costs.

According to the 2016 edition of the American Automobile Association's (AAA) Your Driving Costs the average annual cost to drive a passenger vehicle is 57.4 cents a mile or $9,262 for 15,000 miles. Here's the breakdown:

Costs
 
Gasoline =
10.04¢
Maintenance =
5.32¢
Tires =
0.88¢
Cost Per Mile =
16.24¢
Ownership Costs
 
Insurance =
$1,128
License, Registration, Taxes =
$731
Depreciation =
$4,235
Finance Charge =
$731
Total Ownership Costs Per Year =
$10,299
Total Ownership Costs Per Day =
$18.70
Total Cost Per Year=
$9,262
Total Cost Per Mile=
61.8¢

 

How much can you save riding a vanpool? Annual savings are based on the cost of the vanpool minus the reduction costs associated with owning and operating your personal vehicle.