07/28/2026
๐
๐ซ๐จ๐ฆ ๐๐.๐ยข ๐ญ๐จ ๐๐ยข ๐ฉ๐๐ซ ๐ฆ๐ข๐ฅ๐.
Within the last five years, the IRS business mileage rate has increased approximately ๐ฏ๐ฒ%.
That increase reflects far more than fuel prices. It tells the story of rising vehicle ownership costs, including maintenance, insurance, depreciation, repairs, and other operating expenses.
As reimbursement rates continue to rise, and the average new vehicle approaches $๐๐,๐๐๐, it's worth asking an important question:
๐๐ฌ ๐๐ฌ๐ค๐ข๐ง๐ ๐๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐๐๐ฌ ๐ญ๐จ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ ๐ญ๐ก๐๐ข๐ซ ๐จ๐ฐ๐ง ๐ฏ๐๐ก๐ข๐๐ฅ๐ ๐ฌ๐ญ๐ข๐ฅ๐ฅ ๐ญ๐ก๐ ๐ซ๐ข๐ ๐ก๐ญ ๐๐ฉ๐ฉ๐ซ๐จ๐๐๐ก ๐๐จ๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ?
Have you taken a closer look at the true cost of reimbursing employees versus providing company vehicles to determine which is the more cost-effective strategy?
Understanding the full picture is the first step toward making an informed fleet decision.
Source: IRS Standard Mileage Rates, July 2026.
