Rental Car Benefits
- Saving Money. By renting vehicles (often at discounted corporate rates), businesses can frequently cut costs. On average, rentals cost 55¢ a mile, while the IRS rate is set at 70¢ for 2025, offering a savings of more than 25%.1
- Managing Risk & Duty of Care. With a recent-model rental, you get peace of mind knowing the vehicle technology is current and maintenance is up to date.
- Protecting Your Brand Image. Choosing a rental car from Enterprise helps ensure your employees travel — and meet clients, partners and vendors — in a clean, well-maintained and regularly serviced vehicle.
Calculate Mileage Reimbursement Expense Vs. Renting a Vehicle
See how much you can save by renting a car for business travel — instead of reimbursing your employees for miles driven — by filling out the reservation form using the instructions below.
Keep in mind, our calculator shows a comparison for a single event but that’s only the beginning. Reach out today for a complimentary mileage reimbursement audit to see how much your company could save each year.
How to Calculate Mileage Reimbursement and Rental Costs
Glossary
Travel Distance is the total roundtrip mileage by car to and from your destination. Google Maps™ mapping service can help you estimate this distance.
Fuel Cost is the current price per gallon of gas. AAA® is a good resource to use when looking for the current prices for your travel area(s). If your travel takes you through areas with varying costs, averaging them can provide a helpful estimate.
Reimbursement Rate is the amount per mile that your company uses when reimbursing employees for travel in personal vehicles. Many organizations choose to use the IRS standard business rate, an amount reviewed and often adjusted annually, which we’ve entered for you, but if your company uses an alternative rate, enter that instead.