1. What is Monthly Rental Car Rate?

The monthly rental car rate in the Philippines is typically calculated by multiplying the daily rate by 30 days and applying a discount factor for long-term rentals. This provides a more economical option compared to paying daily rates.

2. How Does the Calculator Work?

The calculator uses the monthly rate formula:

Where:

• Daily Rate — The standard daily rental price in Philippine Pesos (PHP)
• 30 — Standard number of days in a rental month
• Discount — A factor between 0 and 1 applied for monthly rentals (typically 0.7-0.9)

Explanation: The discount factor accounts for the reduced per-day cost when renting for longer periods, as monthly rentals are more cost-effective for both renters and rental companies.

3. Importance of Monthly Rate Calculation

Details: Calculating the monthly rate helps customers compare long-term rental options and budget accordingly, while rental companies can offer competitive yet profitable monthly packages.

4. Using the Calculator

Tips: Enter the daily rate in PHP and the discount factor (typically between 0.7 and 0.9 for monthly rentals). The discount must be between 0 and 1.

5. Frequently Asked Questions (FAQ)

Q1: What is a typical discount for monthly rentals?
A: Discounts usually range from 10-30% (0.7-0.9 factor), depending on vehicle type, rental company, and season.

Q2: Are there additional fees not included in this calculation?
A: Yes, insurance, mileage limits, and other fees may apply beyond the base rate shown here.

Q3: Is 30 days standard for a "monthly" rental?
A: Yes, most companies calculate monthly rates based on 30 days, even for calendar months.

Q4: Do all rental companies offer monthly discounts?
A: Most do, but discount rates vary. Always confirm with the specific rental company.

Q5: Are there better deals for longer rentals?
A: Often yes - some companies offer additional discounts for 3-month, 6-month, or annual rentals.