Honda Civic is most popular for its durability and reliability. It is widely used in commercial businesses too. One of the best use is to use it for Ridesharing business. Some people are using it for delivery purposes too. The operating cost of Honda Civic is also one of the major factors to drive it for Rideshare business or delivery. In Canada people are using this vehicle for following businesses:
- Uber Ridesharing (UberX) and UberEats
- Skip the Dishes
- Just Eats
How much is the operating cost per Kilometer to drive Honda Civic?
How to determine the operating cost per Kilometer?
What are the profit margins while driving Honda Civic?
Honda Civic 2013 and the driver drives about 60,000 Kilometers per year. The car would last only 3 more years and the meter reading would be 300,000 kilometers.
Assume the driver will use the car up to the last mile. Here we would add up all the expenses for the rest of the life of the car.
Purchase Price: $11,000.00 (with 100,000.00 Kilometers already driven)
|Cost Item||Cost||Cost Per Kilometer|
|Brakes (3 times for 200,000 Kms)||$2,100.00||$0.0105|
|Tires 3 Times||$2,400.00||$0.0120|
|Car Wash (150 Times)X$13||$1,950.00||$0.0098|
|Oil Changes (200000/8000)||$1,500.00||$0.0075|
|Gas (9 Kilometers/Litre)||$27,555.00||$0.1378|
Standard cost to drive is 32 cents per kilometer. Calculate your your cost at the end of each shift and deduct it from Uber earnings.