Enter the monthly vehicle rate ($/month), the insurance rate per day ($/day), and the length of rental (days) into the calculator to determine the Auto Rent.

- All Rent Calculators
- Rental Car Cost Per Day Calculator
- Car Insurance Cost Per Month Calculator
- Retail Rent Calculator

## Auto Rent Formula

The following formula is used to calculate the Auto Rent.

**AR = (VHR / 30 + IR) * LR**

- Where AR is the Auto Rent ($)
- VHR is the monthly vehicle rate ($/month)
- IR is the insurance rate per day ($/day)
- LR is the length of rental (days)

## How to Calculate Auto Rent?

The following example problems outline how to calculate Auto Rent.

**Example Problem #1**

- First, determine the monthly vehicle rate ($/month). In this example, the monthly vehicle rate ($/month) is given as 1500 .
- Next, determine the insurance rate per day ($/day). For this problem, the insurance rate per day ($/day) is given as 30 .
- Next, determine the length of rental (days). In this case, the length of rental (days) is found to be 60.
- Finally, calculate the Auto Rent using the formula above:

AR = (VHR / 30 + IR) * LR

Inserting the values from above yields:

AR = (1500 / 30 + 30) * 60 = 4800 ($)

**Example Problem #2**

The variables needed for this problem are provided below:

monthly vehicle rate ($/month) = 500

insurance rate per day ($/day) = 20

length of rental (days) = 10

Entering these values and solving gives:

AR = (500 / 30 + 20) * 10 = 366.66 ** **($)