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Write your post here.The pluses and minuses of adding mileage to your vehicle.
Employer Reimbursement for mileage
Current Mileage Rates according to the Internal Revenue Service:
Beginning on Jan. 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
· 56 cents per mile for business miles driven
· 23.5 cents per mile driven for medical or moving purposes
· 14 cents per mile driven in service of charitable orginizations
Wear and tear on vehicle
Mileage decreases the value of a car. Even if the car is a newer year model the vehicle lessens quickly in value with high mileage. (The higher the mileage the more wear on the parts.)
Sometimes it's less cost prohibitive in the long run to rent a vehicle for long road trips vs. using your own car to avoid adding higher mileage to your car, which decreases the total value.
Regardless of whether the miles you add are highway or city, it still adds up to motor and parts usage.