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eclare
By eclare | AA Member | 1 Post | 21 November 2011 at 2:45pm

What would be the running cost per Km for my Toyota Hiace 1996 Van 2.8Litre Diesel

jbiddle
By jbiddle | Community Member | 1657 Posts | 8 December 2011 at 10:28am

Straight fuel costs combined with say one service per year would work out to around 27cents per km.

If you calculate the total operating costs then it would be closer to around 80cents per km.

If it helps the IRD mileage reimbursement rate is 74 cents per kilometre, for up to 5,000 km of work-related travel per year. For distances greater than 5,000 km, you must keep a record of actual vehicle expenses.

If you're an employee driving over 5,000km for work-related purposes, you can choose to keep actual expenses OR accept your employer's reimbursement rate.