Originally Posted by
oresh
Suppose you were willing to pay 2k. In this case the value is 2k-600 / 35,000 or so.
Almost right.
It's $2K (what you were willing to pay in cash) - $1,400 (what he did pay in cash) = $600 (what he saved in cash) / 35,000 = $0.0171 per mile.