But they would have been inefficient redemptions where I was saving less than 1
cent per mile used.
GM estimates that the Volt will cost about two cents per mile to drive while under battery power compared to 12
cents per mile using gasoline priced at $ 3.60 per gallon.
That reservation might have cost $ 1,000, resulting in a mere 1.67
cents per mile used.
Not exact matches
And whereas many traditional motorcycles can achieve a respectable 50
miles per gallon at a driving cost of about seven
cents per mile, an electric bike
uses the energy equivalent of about 420 mpg at an operating cost of two to three
cents per mile.
«
Using the average U.S. electricity rate of nine
cents per kilowatt - hour (kWh), 30
miles of electric driving will cost 81
cents,» the group maintains.
A six -
mile round - trip to the shops from Evo Towers
used 22
per cent of the battery's charge, so my 60 -
mile drive home was out.
I've
used only 15
per cent of the clutch in 10,000
miles.
Further down the line, car price value estimators, Glass's Guide, predict the car will be worth 39
per cent per cent of its new price after three years / 60, 000
miles of
use.
The Jeep Grand Cherokee is reasonably desirable on the
used car market, and valuation experts CAP suggest that all the diesel models should retain between 45 and 47
per cent of their new value after three years and 36,000
miles of ownership.
Using my 42 real - world diesel mpg, which most drivers should be able to match, against the 30 highway mpg rating of the gas - engine Equinox 1.5 T, and using the AAA's late - May average fuel prices of $ 3.20 a gallon for diesel (plus $ 5 for a gallon of diesel exhaust fluid good for 10,000 to 12,000 miles), versus $ 2.96 a gallon for regular unleaded gasoline, yields a cost per mile of 9.07 cents for diesel and DEF; 9.87 cents per mile for gaso
Using my 42 real - world diesel mpg, which most drivers should be able to match, against the 30 highway mpg rating of the gas - engine Equinox 1.5 T, and
using the AAA's late - May average fuel prices of $ 3.20 a gallon for diesel (plus $ 5 for a gallon of diesel exhaust fluid good for 10,000 to 12,000 miles), versus $ 2.96 a gallon for regular unleaded gasoline, yields a cost per mile of 9.07 cents for diesel and DEF; 9.87 cents per mile for gaso
using the AAA's late - May average fuel prices of $ 3.20 a gallon for diesel (plus $ 5 for a gallon of diesel exhaust fluid good for 10,000 to 12,000
miles), versus $ 2.96 a gallon for regular unleaded gasoline, yields a cost
per mile of 9.07
cents for diesel and DEF; 9.87
cents per mile for gasoline.
Substitute teachers can take a standard deduction of 51
cents per mile driven if they have to travel outside of their metropolitan area to teach on a temporary basis and
use their own vehicle for the first half 2011 tax year, according to the IRS.
Using your
miles to purchase merchandise can result in poorer value at far less than.5
cent per mile redeemed.
This category covers an array of possible expenses, including cellphone minutes
used on work calls, union dues and
miles driven for work meetings at a rate of 55.5
cents per mile.
At minimum, you can get 1
cent per mile in value from Delta SkyMiles if you hold a Delta SkyMiles ® Credit Card and
use the Pay With Miles feature.
Further, if you
use your points to book through Chase's online portal, the points are worth as much as 1.25
cents per point, which boosts the value of your 50,000
miles bonus to $ 625.
For the option to
use miles for
cents off
per gallon, swipe your linked form of payment at the pump.
Whether you redeem your
miles as statement credit against recent travel purchases or
use them to purchase travel through Capital One's portal, the redemption value is always 1
cent per mile.
If you
used actual expenses for the charitable mileage deduction, and those expenses were less than 18
cents per mile, then you may
use the difference between actual expenses and 18
cents per mile.
One point I want to make is that
using UR points for airline
miles has proved to be greatly more valuable to me than spending them at 1.25
cents per point or whatever.
This adventure is a great
use of United
miles, reaping more than 9.2
cents per mile in value.
Use those awards for a spring trip to Paris that costs upward of $ 6,000, and you'll get a 6.7 -
cent -
per -
mile value.
In most cases, we
used miles if we could get a valuation of at least 1.5
cents per mile for our airline
miles.
I can transfer Ultimate Rewards points to United Airlines
miles, which I value at 2
cents per mile if I
use them for an award.
There is no need to sit on your
miles because you are waiting to
use them for a big or valuable purchase; Venture Rewards
miles always have the same value, no matter what you redeem them for: 1
cent per dollar.
Since the value of Discover
miles is fixed at one
cent per mile, there are not best and worst ways to
use your Discover
miles.
Whether you redeem your
miles as statement credit against recent travel purchases or
use them to purchase travel through Capital One's portal, the redemption value is always 1
cent per mile.
Further, if you
use your points to book through Chase's online portal, the points are worth as much as 1.25
cents per point, which boosts the value of your 50,000
miles bonus to $ 625.
The price
per mile is 1.88
cents, but if you
use your United Explorer card it drops to 1.81
cents.
If you can
use your airline
miles when you need to book one of these expensive flights, you will receive several
cents in value
per mile redeemed.
Using the equation above, your CPM, or redemption value is around 5.9
cents per point /
mile.
I'll be doing a travel report similar to my Colombia Travel Report Series after the trip, and next I'll be writing about how we got the rest of our South America flights to Buenos Aires, El Calafate, and Bariloche for just $ 90 in fees and achieved another unbelievable
cents -
per -
mile value
using Delta Skymiles.
However,
using Alaska
miles to book a partner award is only 100K
miles round trip, resulting in a redemption value of 5.5
cents per point.
They will let you
use miles to cover the cost, but only at a rate of one
cent per point, so you're usually better off just paying for it.
When
using a generic airline card, the bank actually takes the cash value of your
miles (approximately 1
cent to 2
cents per mile) and purchases a discount ticket on any airline you choose.
I recently booked a flight from IAH to Tromsø flying business class on Scandinavian Airlines (SAS) and only paid $ 12 in fees for the one way flight and
used 55,000 Aeroplan
miles and got a whopping 14
cents per mile on that redemption!
But you get 2X on all spending with Venture, so you effectively get a penny
per dollar spent when redeeming for cash, which would be 2
cents per mile if
used for travel purchases.
If you calculate the value, you're actually getting over 2
cents per point /
mile, so normally I would consider that a pretty good
use of points.
(
Using 13,600
miles to save about $ 50 just isn't worth it to me at.004
cents per point.)
Some people would maybe just want to pay surcharges since they could probably get more than 1.07
cents per point worth of value from their
miles with a future redemption, while others may want to
use the additional 27,000
miles because it would save them from having to come out of pocket with an additional $ 288.
SkyMiles can not be redeemed directly for cash but can be
used to pay for flights at a flat rate of one
cent per mile.
MileagePlus
miles are very valuable — worth 1.52
cents per mile by our estimates — but the value can vary greatly depending on how you
use your
miles.
If we took that same $ 5,000 and
used it all to generate 375,000
miles it would mean an average cost of $.0133
cents per mile.
With the cash back card, you have the same option to
use your rewards to purchase travel from outside travel services at a value of 1
cent per mile.
~ 1.3
cents per mile value at hotels may be how many of them get
used, but that's still way more stays and flexibility than I could get with any hotel program.
Starwood, which
uses membership rewards points that can be redeemed for anywhere from 1.25
cents per mile for flights to 2.3
cents per mile for rooms, values its points between 1.5 and 2
cents per point in its cash plus points options:
You would get 2.2
cents of value
per dollar of credit card spending, which oftentimes would beat the value from
using airline
miles for rental cars.
You can
use American Express Membership Rewards and Capital One
miles to purchase travel at rate of 1
cent per point.
In other words, if you get 1
mile per dollar when
using a credit card, you are effectively paying 2
cents for each
mile.
- A first class ticket to Asia can cost $ 27,000 but you can
use 135,000
miles for that same ticket, a value of 20
cents per mile.
The values in the Fair Trading Prices chart are determined by assuming that when someone spends with a point /
mile earning card, they are giving up 2
cents per dollar that they could have gotten by
using a 2 percent cash back card.