Vehicle Upkeep & True Operating Cost

1. The Hidden Cost: Vehicle Depreciation

Depreciation is the loss of your vehicle's value over time and mileage. Every mile you drive for Uber, Lyft, or DoorDash reduces your car's resale value and moves it closer to retirement.

If you ignore depreciation, you might feel like you are making money now, only to realize you don't have enough saved to buy a replacement car when yours breaks down. We recommend toggling on the depreciation estimator in WillDrivingPay (typically 10-15 cents per mile depending on the vehicle's age and make).

2. Scheduling Maintenance

Frequent gig driving accelerates maintenance schedules. To keep your vehicle running and preserve its value:

• Oil & Filter Changes — Every 5,000 to 7,500 miles. Synthetic oil lasts longer but costs more up front.
• Brakes & Rotors — Stop-and-go delivery driving wears brake pads quickly. Inspect them every 10,000 miles.
• Tire Rotations & Replacements — Rotate tires every 6,000 miles to ensure even wear. Gig drivers typically replace tires every 12 to 18 months.

3. Calculating Cost-Per-Mile

Your true operating cost per mile is calculated by adding up your variable expenses and dividing by your business mileage:

True Cost per Mile = (Fuel Cost + Maintenance + Depreciation + Tires) / Total Miles

For example, if you drive 20,000 miles a year and spend $3,000 on gas, $1,200 on maintenance, $400 on tires, and your car depreciates by $2,400, your true operating cost is 35 cents per mile ($7,000 / 20,000 miles).

4. Minimizing Your Driving Costs

• Drive efficiently. Gentle acceleration and coasting to stops saves fuel and extends brake/tire life.
• Perform basic DIY tasks. Replacing cabin filters, engine air filters, and wiper blades yourself saves hundreds in mechanic labor fees.
• Shop around for tires. Look for tires with long mileage warranties (e.g. 60,000+ miles) and get lifetime rotation/balancing packages.