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blinka27
By blinka27 | AA Member | 1 Post | 5 December 2014 at 3:10pm

Could you please tell me the current mileage rate for a 2005 Mitsubishi Lancer VRX?
Thank you

ABayliss
By ABayliss | AA Expert | 2169 Posts | 5 December 2014 at 3:41pm

We calculate running costs on 3 - 5 year old vehicles where depreciation is a major factor, but on a 9 year old vehicle has already depreciated somewhat so the true rate will be lower than our calculation.
Our rate for a 2.4 litre car is 80c per km. (However, in reality, your car is probably around 60c per km).
FYI, the IRD use an average of all the AA rates and allow 77c per km for all cars, although they do have some stipulations such as mileage limitations to 5000km per year and log books need to be kept.