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Motor Vehicle Running Cost Reimbursement Request Form Please ensure that you refer to your driver hand book for process on servicing your vehicle, replacing tires and renewing your registration to
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How to fill out motor vehicle running cost

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Instructions on how to fill out motor vehicle running cost:

01
Start by gathering all necessary information regarding the motor vehicle. This may include the make and model, year of purchase, and current mileage.
02
Calculate the average fuel consumption of the vehicle. This can be done by dividing the total distance traveled by the total amount of fuel consumed.
03
Determine the cost of fuel per unit. This can be obtained from local gas stations or by researching the current fuel prices.
04
Calculate the total fuel cost by multiplying the average fuel consumption by the cost of fuel per unit.
05
Consider other expenses related to the motor vehicle, such as maintenance and repairs. Keep track of these costs and include them in the running cost calculation.
06
Calculate the depreciation cost of the vehicle by subtracting its current value from its initial purchase price. This value represents the decrease in the vehicle's worth over time.
07
Sum up all the expenses calculated in steps 4, 5, and 6 to obtain the total running cost of the motor vehicle.

Who needs motor vehicle running cost?

01
Individuals who own or operate a motor vehicle for personal use can benefit from knowing the running cost. This information helps them to budget and plan for expenses related to fuel, maintenance, and depreciation.
02
Businesses that utilize motor vehicles for their operations can also benefit from knowing the running costs. This allows them to calculate the expenses associated with their vehicle fleet and make informed financial decisions.
03
Potential buyers of motor vehicles can use running cost information to compare different models and make a more cost-effective choice when purchasing a vehicle. This helps them to consider the long-term expenses beyond the initial purchase price.
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