Tire Cost per Mile Calculator
Calculate tire cost per mile from installed purchase cost and expected service life. Compare sets on cost per mile and per 1,000 miles.
Use purchase cost and entered service life.
Tire Cost per Mile Calculator: Tire Size Inputs
Compare two tire sizes here. Use the formulas and reference tables below for this tool's specific calculation.
How Tire Cost per Mile Calculator Works?
The Tire Cost per Mile Calculator works by dividing the installed cost of the set by the miles the set is expected to last. The tool uses 3 steps.
Enter installed cost
Type the total installed cost, for example $900.
Enter service life
Type the expected life, for example 65,000 mi (104,607 km), from a warranty or from a projection.
Read cost per mile
The calculator returns $0.0138 per mile, $13.85 per 1,000 mi and $166 per 12,000-mile year.
Tire Cost per Mile Calculator Formula
The Tire Cost per Mile Calculator formula is Cost per mile = Installed cost ÷ Service life (miles).
CPM = C ÷ LCPM × 1,000CPM × annual miles- C
- Installed cost of the set
- L
- Expected service life (mi)
Worked example
An $800 set lasting 50,000 mi costs $0.0160 per mile. A $1,000 set lasting 70,000 mi costs $0.0143 per mile, so the pricier set costs 11% less per mile.
Tire Cost per Mile Calculator Conversion Table
The Tire Cost per Mile Calculator conversion table compares 6 tire sets on cost per mile.
| Installed cost | Service life | Per mile | Per 1,000 mi | Per 12,000-mi year |
|---|---|---|---|---|
| $600 | 40,000 mi (64,374 km) | $0.0150 | $15.00 | $180 |
| $800 | 50,000 mi (80,467 km) | $0.0160 | $16.00 | $192 |
| $900 | 65,000 mi (104,607 km) | $0.0138 | $13.85 | $166 |
| $1,000 | 70,000 mi (112,654 km) | $0.0143 | $14.29 | $171 |
| $1,200 | 60,000 mi (96,561 km) | $0.0200 | $20.00 | $240 |
| $1,400 | 45,000 mi (72,420 km) | $0.0311 | $31.11 | $373 |
What is Tire Cost per Mile Calculator?
A Tire Cost per Mile Calculator is a tool that measures tire value as cost per mile driven instead of purchase price. A cheaper set that wears out early often costs more per mile.
Service life is the uncertain input. Warranty mileage, UTQG treadwear and a measured wear rate each give an estimate, and the measured wear rate is the most reliable.
Fleets use cost per mile as the standard tire purchase metric.
What are the uses of Tire Cost per Mile Calculator?
There are 4 main uses of the Tire Cost per Mile Calculator, including value comparison and fleet purchasing.
Value comparison
Compare a premium set with a budget set.
Fleet purchasing
Rank suppliers by cost per mile.
Ownership budgets
Add tire cost to total ownership cost.
Warranty value
See how warranty mileage changes value.
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