Rental Vehicle vs. Mileage Reimbursement Calculator
Instructions
- Enter the total round-trip miles to be driven.
- Enter the total number of rental days this trip will take.
- Enter the daily rental vehicle rate from the State Travel Management Program website . (Rates are on a 24 hour basis.)
- Enter the market price of one gallon of fuel.
- Enter the current mileage reimbursement rate.
- Enter the estimated MPG for the vehicle being driven.
- Enter applicable state/local sales taxes and any additional fees/surcharges.
Once you input these values, the calculator will determine whether it is more cost effective to rent a vehicle or drive your personal vehicle and claim mileage. The results will appear under “Calculated Results.”