Buying Rental Cars Reddit
I was just curious if categorically you would stay away from rental cars (e.g. maybe they were 'driven hard' or have some other recurring issues not normally present in a car with only 35k-40k miles).
buying rental cars reddit
I'm looking at buying a used car, and here (NZ) there are quite a few ex-rental Camrys around 2005ish with a mileage of around 150k mi / 250k km on the market that caught my eye. Would a car like this be a good buy?
I recently graduated and am looking to buy my first car. I have about $5k to use for a down payment. I got a recommendation from a friend to buy from a rental car company because of their responsible maintenance schedules and good price considering the age and mileage. Does anyone have any good or bad experience buying from Hertz/Avis/Enterprise or know anything about the financing options that they provide?
The no-show rate in the car rental industry as a whole can approach 30%. That means that up to one-third of people who make a reservation for a car rental will not pick it up. To protect themselves, car rental companies must overbook in order to get close to renting the majority of vehicles available. But it can backfire. You may show up with a confirmed reservation, only to find out that there are no cars available in the class that you reserved.
Kayak has lots of ways to filter and sort your results, including a map so you can find a rental car by location and a policy filter so you can focus solely on cars that offer things like free cancellation or unlimited mileage.
An opaque booking is one in which the car rental agency or the type of car is hidden until your booking is complete. Many sites, including Hotwire, American Express, Rentalcars.com, and Priceline offer opaque bookings.
Buyinga car from Avis isn't a typical car-buying experience. For one, you maynot even visit a sales lot if you decide to take the Ultimate Test Drivethrough one of our rental locations. For another, no matter where you find your perfect Avis car for sale, you'll never find yourself hagglingwith a sales rep over price.
It goes without saying that there are many different sources you can use to buy a used car. From Carvana, to CarMax, to the dealer down the street, used cars are everywhere, but one often forgotten source of used cars are rental vehicles. Should you buy a rental car, and if you do, what do you need to know beforehand?
Generally speaking, yes. Rental cars have a stigma attached to them, and because of that they have a lower selling price than other (comparable) vehicles. As an example, this includes service loaners (essentially rental cars that the dealer uses for customers whose cars are being serviced). A service loaner will have a higher asking price than a rental car (it should also have less miles than a rental car), and this is because there is less of a stigma associated with service loaners than there is with rental cars.
As you can see, there are a lot of factors to consider when contemplating if you should buy a rental car. I would highly recommend you consider rental cars if they fit into your budget, but be sure to secure a pre purchase inspection of any used vehicle you consider buying (unless it is certified pre-owned).
Rental cars, on the other hand, tend to be used more for highway driving. Sure, they get driven in cities as well, but rentals that rack up 20,000 miles in a year probably did most of it on the open road because people rented them for vacations.
Moreover, rental companies often buy fleet vehicles and are the biggest source of 1- and 2-year-old used cars. Rental agencies generally sell their vehicles after a year or two (though they may hang on to them longer because of the financial strain caused by the COVID-19 pandemic).
On what is written here, no, it looks like that is just coverage for damage to the rental vehicle. Have you priced up using www.rentalcars.com, or others we could suggest that have all inclusive packages, like www.usrentacar.co.uk?
Before you rent a car, it's worth reviewing the coverage on your personal car insurance policy. In some cases, the coverage you have on your own car extends to a rental car. In other words, buying rental car insurance coverage may duplicate what you already pay for.
For example, if your credit card provides collision coverage for rental cars, then you might decide not to purchase that coverage from the car rental agency. The card issuer's insurance is typically "secondary," according to the III. That means it may pay your deductible and expenses that exceed what your primary insurance company will pay.
In fact, many rental car companies take such good care of their cars that they are willing to offer their own warranty on car sales, as well as other types of coverage to sweeten the deal. This sets them apart from most used car lots, where you may have to haggle for any extras. Hertz and Enterprise both offer a 12-month/12,000 mile limited powertrain warranty, and Avis has a variety of extended warranty options. All three companies also note that many of their sale vehicles are still under the original factory warranty.
A former rental may cost less money up front, but it will also return less money down the road. Getting maximum resale value for a used rental car is difficult, because many shoppers are wary of buying former rental vehicles, so much so that some states have passed laws allowing car dealerships to call rental cars "program cars" in hopes of avoiding the stigma. The value for former rentals is also impacted by the fact that these vehicles are sold in such high volume. When the market gets flooded with thousands of cars of the same make and model, all at more or less the same time and with similar mileage, the price for that make and model gets driven down.
Lower resale value won't matter to a customer planning to drive the car into the ground, but for drivers who plan to trade in their vehicle in a few years and hope to get a chunk of cash in return for their trade-in, it's important to note the lower resale value of former rental cars.
On CarGurus, all rental cars are marked as "Fleet," but not all cars marked "Fleet" are former rentals. To find out if a CarGurus "Fleet" vehicle was a rental, check the vehicle's history report. Of course, purchasing a vehicle history report and asking for service history documentation are steps every customer should take when buying a used car, but it's especially important when looking at a former rental. Taking a former rental to a trusted mechanic before purchasing it is also recommended. Keeping all these pros and cons in mind, a former rental car can provide relatively new tech and safety features at an affordable price.
Renting a car in Mexico has one big "gotcha," though, and that is the minefield of the country's famously mandatory insurance. Mexican car rental rates look wonderfully cheap on comparison websites, but they don't include insurance, which can easily double, and in some cases triple, the cost. Declining to buy the insurance (some of which is mandatory, anyway) is foolhardy to the extreme, but buying the full package without knowing what you're buying is only slightly less so.
Basic personal liability: Sometimes called third-party liability insurance, this is the one, incontrovertibly mandatory insurance. It covers claims for injury or damage you cause to another driver, car or other property damaged in an accident, but it does not cover injury to you or damage to the rented vehicle. Mexico does not accept liability coverage from U.S. auto policies or credit card insurance. You simply cannot rent a car without buying Mexican liability insurance. But here's what most renters don't know: By law, the mandatory liability insurance is already included in the rental price. Cost: Included in rental rate.
Confirming that used rental cars may have diminished value compared to other used cars, a recent study commissioned by a rental car trade association found that people are willing to pay significantly more for cars coming off long-term leases than they are for short-term rentals.
Still, Enterprise rental cars are fleet vehicles, which means they were previously owned by a business and driven by an unknown number of drivers. When a rental fleet car is deemed too old for business purposes, companies like Enterprise list their used rental cars for sale. For most car rental companies, this begins to happen once the vehicle is one-to-two years old.
These two companies offer similar services when it comes to buying a rental car. Hertz fleet sales also include no-haggle pricing, a free vehicle history report, and financing through partner lenders. Hertz also covers car purchases with a 12-month/12,000-mile warranty, the same coverage as the Enterprise car sales warranty.
If you are afraid that renting a car in Italy will be too expensive, you are not alone! We have rented cars all around the world and many times they are beyond expensive for just a basic car. From Alaska and Ireland to Oman and Iceland, we have spent upwards of thousands of dollars on car rentals. You can book an Italy car rental for the same exact price and time frame as the countries listed above for less than half the price.
We understand that not everyone renting a car in Italy wants to apply for a new credit card and that is okay! There are still options for you! We highly, highly recommend buying at least basic car insurance from your car rental agency in Italy. When you are making your booking, you can do a little research and see what this covers. Pay attention to your deductible as sometimes they are as high as a few thousand dollars before the insurance kicks in!
This one is mainly for our fellow Americans! USA citizens, we feel you! We are used to the majority of rental cars being automatic. This is NOT the case in Italy and is a huge mistake people make when renting a car in Italy. In fact, the majority of Italy car rentals are actually manual transmission. 041b061a72