Equinox TD by the numbers.
As a traveling sales and marketing person, I have been using my JSW to travel to trade shows all around the country. I have opted to to use my personal vehicle and accept the IRS standard 53.5 cents per mile reimbursement from my employer. As my TDI JSW nears the end of its 5 year and 150,000 mile duty cycle, my new Equinox TD will assume its role on the trade show circuit.
I average 30,000 miles a year business travel. Here are the expense calculations for the Equinox TD and how they stack up against my reimbursement per mile.
Fuel .056 cents per mile (based on 50 mpg at $2.80/gallon)
DEF 2/10ths of one cent per mile
Insurance 3.8 cents per mile
Oil Changes 1.5 cents per mile (based on $75.00 every 5,000 miles)
Vehicle cost 19 cents per mile (based on $28,500.00 over 150,000 miles)
These expenses total up to 30.1 cents per mile according to my calculations or $9030.00 per year.
My employer reimbursement for 30,000 miles this year will total up to $16,050.00. Even if i need to spring for a new set of tires at $500.00 next year, I will still come out ahead.