Auto Rent Calculator

Calculate Auto Rent





Formula

To calculate the Auto Rent (\(AR\)):

\[ AR = \left(\frac{VHR}{30} + IR\right) \times LR \]

Where:

What is Auto Rent?

An Auto Rent is defined as the total cost to rent a vehicle, including the monthly vehicle rate and the daily insurance rate, over a specified rental period.

Example Calculation 1

Let's assume the following values:

Using the formula:

\[ AR = \left(\frac{900}{30} + 20\right) \times 10 = 500 \]

The Auto Rent is $500.

Example Calculation 2

Let's assume the following values:

Using the formula:

\[ AR = \left(\frac{1200}{30} + 25\right) \times 7 = 595 \]

The Auto Rent is $595.