Car Rental Analysis


Personal Transportation or Rental Vehicle: Which is more cost effective?
Notwithstanding an individuals personal preference, availability, leave time, etc., the following break even analysis can be used to help determine the least expensive choice for your department and CMU.  

 

Use the following form to determine the most cost effective way to travel.

Information on Enterprise vehicles and mileage reimbursement can be found under the following links:

Enterprise Information  

Mileage Reimbursement


Rental Vehicle Costs

Step One: Calculate Cost of Gas Per Mile
$ Enter cost of "Gas Per Gallon"
  Enter "Miles Per Gallon" (Enterprise vehicle)
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$

Step Two: Cost of Vehicle
$Enter the "Enterprise Vehicle Rental Rate"
  Enter "Number of Days Renting" Vehicle
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$


Step Three: Calculate Break Even Miles
$  Enter CMU's Travel Reimbursement per mile

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  Enter Round Trip Miles

  • If your roundtrip mileage will be over the "break even" mileage, Enterprise would be the least expensive alternative.
  • If your roundtrip mileage will be under the "break even" mileage, personal transportation would be the least expensive alternative.