What does a mile really cost you?
Gross pay hides the cost of your car. Add your vehicle inputs below to estimate operating cost per mile, then compare that modeled cost with the offers you receive.
Cost-per-mile result
Runs entirely in your browser. Use this estimate to inform your minimum $/mile.
Compare an offer with this cost Model vehicle costs in OfferIQWhy cost per mile is the number that protects your profit
The gig apps show you gross pay. Your car doesn't work for free. Every mile spends fuel or electricity, wears tires and brakes, and quietly burns through the resale value of the vehicle. Your modeled cost per mile rolls those inputs into one estimate, in three parts:
- Fixed — payment, insurance, registration, and depreciation, spread across the miles you drive. Drive more miles and the fixed cost per mile falls.
- Energy — fuel price ÷ MPG, or electricity price ÷ miles-per-kWh for an EV.
- Maintenance — tires, oil, brakes, and repairs averaged to a monthly figure.
If an offer pays less per mile than your modeled vehicle cost, it leaves no margin for your time or other business expenses. OfferIQ shows this cost evidence separately from the target result. Your minimum and preferred hourly and mileage rates determine the target result.
Know the estimate behind every mile.
OfferIQ models cost per mile from your vehicle profile and compares it with per-mile offer pay. Cost evidence and your result against pay targets stay separate.
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Cost-per-mile FAQ
How do I calculate my true cost per mile?
Add up your fixed monthly car costs (payment, insurance, registration, depreciation) and divide by the miles you drive, then add your energy cost per mile (fuel price ÷ MPG, or electricity price ÷ miles-per-kWh) and your maintenance cost per mile. This calculator does all three and shows the split.
What is the average cost per mile to drive for rideshare?
It varies widely by vehicle, financing, energy prices, mileage, and maintenance. Your own number is what matters. Enter your real costs to estimate it, then compare that estimate with per-mile pay separately from your hourly and mileage targets.
Should I use this instead of the IRS standard mileage rate?
They answer different questions. The IRS standard mileage rate is an optional tax method for eligible business use; your modeled cost per mile is a decision-making estimate. OfferIQ tracks both, but it is a record-keeping tool—not tax advice.
How does OfferIQ use this number?
Build a vehicle cost profile from your fixed, energy, and maintenance inputs. OfferIQ calculates a modeled operating cost per mile and shows it as separate cost evidence for supported offers. It never changes the target result.