ABSTRACT
Reviewing the need for vehicles at its projects, three different mileage uses are proposed ranging from 15,000 to 25,000 to 40,000 miles. What are the costs of vehicles at these different rates?
The following information is obtained per vehicle:
1 Vehicle leases are £3,000. 2 Petrol and oil cost 10p per mile. 3 Tyres cost £400 per set to replace. They require replacement at 25,000
miles. 4 Fixed maintenance costs are £175 per annum. 5 Tax and insurance are £300 per annum.
