Rental Vehicle Vs. Mileage Reimbursement Calculator

Mileage Log

Rental Vehicle Vs. Mileage Reimbursement Calculator. A recent study found that most people believe their current auto policy will cover rental costs after an accident, however less than 50% actually carry this coverage. Enter the total round trip miles for the travel event o 2.

Enter the vehicle rental price from the enterprise contract for the vehicle type being used. After completing, save the spreadsheet and attach to the expense. Intermediate size vehicle from enterprise. If opting to use a pov when a common carrier is available, reimbursement will be the lesser of the common carrier rate or personal car mileage rate pcm. Reducing insurance and liability risk for employees. If the average car renting cost in your city is more than $40 per month then you are going to get higher rental reimbursement coverage. All variables must be input for the information to calculate correctly. We would like to show you a description here but the site won’t allow us. Rentals vs mileage reimbursement calculate how much you can save by renting a car instead of being reimbursed for kilometers driven. Enter the estimated mpg for the vehicle being driven.

There are no expected fees or taxes for the rental vehicle. The current reimbursement rate for mileage is 58.5 cents per mile. Enter the current mileage reimbursement rate. If the average car renting cost in your city is more than $40 per month then you are going to get higher rental reimbursement coverage. The details of the big10 contract can be found on the uw travelwise website the reimbursement rate for personal vehicle mileage covers all costs related to the operation of the vehicle, including service, maintenance, insurance, depreciation, and gas. If opting to use a pov when a common carrier is available, reimbursement will be the lesser of the common carrier rate or personal car mileage rate pcm. Print the vehicle rental vs. Businesses are recognizing many benefits of renting a car instead of using employees’ personal vehicles when they need to travel for work, including: A recent study found that most people believe their current auto policy will cover rental costs after an accident, however less than 50% actually carry this coverage. The submitter believed that some savings could be achieved in utilizing a rental vehicle instead of a pov, because the reimbursement for a pov often seems to exceed what would have been the reimbursement for a rental car. Enter applicable state/local sales taxes and any additional fees/surcharges.