| MV Transportation, Inc. |
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| City
of Lawrence Transit System |
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| Light-Duty
Cutaway vs. Heavy-Duty Transit Vehicle Lilfetime Cost Comparison |
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| 5/20/2008 |
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| 30'
Heavy-Duty Vehicle |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
Subtotal |
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Miles |
55,000 |
55,000 |
55,000 |
55,000 |
55,000 |
55,000 |
55,000 |
55,000 |
55,000 |
55,000 |
55,000 |
55,000 |
660,000 |
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Maintenance Cost per Mile |
$0.16 |
$0.18 |
$0.22 |
$0.22 |
$0.28 |
$0.35 |
$0.36 |
$0.37 |
$0.38 |
$0.40 |
$0.42 |
$0.42 |
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Annual Maintenance Costs |
$8,800 |
$9,900 |
$12,100 |
$12,100 |
$15,400 |
$19,250 |
$19,800 |
$20,350 |
$20,900 |
$22,000 |
$23,100 |
$23,100 |
$206,800 |
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Annual Depreciation |
$26,667 |
$26,667 |
$26,667 |
$26,667 |
$26,667 |
$26,667 |
$26,667 |
$26,667 |
$26,667 |
$26,667 |
$26,667 |
$26,667 |
$320,000 |
| $4.48
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Cost per Gallon (Diesel) |
$4.15 |
$4.15 |
$4.15 |
$4.15 |
$4.15 |
$4.15 |
$4.15 |
$4.15 |
$4.15 |
$4.15 |
$4.15 |
$4.15 |
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Miles Per Gallon |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
5.0 |
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Annual Fuel Costs |
$45,650 |
$45,650 |
$45,650 |
$45,650 |
$45,650 |
$45,650 |
$45,650 |
$45,650 |
$45,650 |
$45,650 |
$45,650 |
$45,650 |
$
547,800 |
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Total Costs |
$
81,117 |
$
82,217 |
$
84,417 |
$
84,417 |
$
87,717 |
$
91,567 |
$
92,117 |
$
92,667 |
$
93,217 |
$
94,317 |
$
95,417 |
$
95,417 |
$ 1,074,600 |
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| 25'
Light-Duty Cutaway |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
Subtotal |
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Miles |
55,000 |
55,000 |
55,000 |
55,000 |
55,000 |
55,000 |
55,000 |
55,000 |
55,000 |
55,000 |
55,000 |
55,000 |
660,000 |
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Cost per mile |
$0.090 |
$0.170 |
$0.101 |
$0.190 |
$0.101 |
$0.213 |
$0.113 |
$0.239 |
$0.126 |
$0.267 |
$0.142 |
$0.300 |
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Annual Maintenance Costs |
$4,950 |
$9,350 |
$5,544 |
$10,472 |
$5,544 |
$10,472 |
$6,209 |
$13,136 |
$6,954 |
$14,712 |
$7,789 |
$16,478 |
$111,611 |
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Annual Depreciation |
$
40,500 |
$
40,500 |
$
44,550 |
$
44,550 |
$
49,005 |
$
49,005 |
$
53,906 |
$
53,906 |
$
59,296 |
$
59,296 |
$
65,226 |
$
65,226 |
$
624,965 |
| $3.65
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Cost per Gallon (Gasoline) |
$3.38 |
$3.38 |
$3.38 |
$3.38 |
$3.38 |
$3.38 |
$3.38 |
$3.38 |
$3.38 |
$3.38 |
$3.38 |
$3.38 |
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MPG |
7.5 |
7.5 |
7.5 |
7.5 |
7.5 |
7.5 |
7.5 |
7.5 |
7.5 |
7.5 |
7.5 |
7.5 |
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Annual Fuel Costs |
$24,787
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$24,787
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$24,787
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$24,787
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$24,787
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$24,787
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$24,787
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$24,787
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$24,787
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$24,787
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$24,787
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$24,787
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$
297,440 |
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Total Costs |
$
70,237 |
$
74,637 |
$
74,881 |
$
79,809 |
$
79,336 |
$
84,264 |
$
84,901 |
$
91,828 |
$
91,037 |
$
98,795 |
$
97,802 |
$
106,490 |
$ 1,034,016 |
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| Notes: |
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| Assumes
heavy-duty vehicle on 12 year depreciation and Cut-away
on 2 year depreciation life. |
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| Assumes
heavy-duty vehicles will travel 726,000 miles before they are replaced. |
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| Assumes
light-duty vehicles will travel 110,000 miles on average before they are
replaced. |
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| Manufacturer's
useful service life of a heavy-duty vehicle is 12 years or 500,000 miles
(whichever comes first). |
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| Manufacturer's
useful service life a light-duty vehicle is 5 years or 100,000 miles
(whichever comes first). |
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| Based
on current level of service for fixed-route service, vehicles are operated 14
hours per day, 6 days per week. |
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| Assumes
cost of vehicles increasing by 5% annually. |
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| Fuel
costs are based on current prices as of 5/20/08 excluding federal tax. |
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