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Where To Buy Used Rental Cars
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When you buy from a car dealership, the buying process is mostly on the lot. Buying a used rental is much different. Most of the buying process is done online, and you may only need to go to the rental office for test drives or paperwork.
Above Average Mileage. Used rentals tend to have more mileage than other cars of the same age. A two-year-old former rental typically will have about 51,000 miles on it, compared to the average used car at the same age, or 24,000 miles.
But you're also aware that this might be the time to potentially snap up a used rental car, especially if you're fortunate and have some money to spend. Industry experts, according to CNN Business, estimate rental companies to offload 1.5 million cars in their US fleets over the course of the coming weeks and months, thus inflating the already bloated supply to potentially overwhelm the currently weak demand. Translation: You as the consumer might be about to receive even more buying options.
And despite commonly held public beliefs, Business Insider reported that rental cars aren't always minefields chock-full of quality and maintenance nightmares. In fact, they might be an option for you to pick up a used car at a discount, provided you do the proper research.
Avis, too, has a similar program called the Ultimate Test Drive. Customers can choose their cars and test drive location and book everything online. Then, they can go and pick up the car and test drive it for free for two hours. After that, customers can hold onto the car for up to three days for a fee. And again, if you decide to buy the car, Avis will reimburse the rental fee.
Rental car companies such as Enterprise, Avis, and Hertz all advertise no-haggle pricing for their sales. It means the price you see is the price you pay. Don't get turned off by the \"no haggle\" aspect, though. Typically, used rental cars are priced below similar cars on the market.
While it's recommended to get an independent inspection anyway when you're shopping for a regular used car, you can perform your inspection after you've bought the rental car because you get that extra window of time to return it if the results don't come back the way you'd like.
\"Use this time to take the car to a trusted mechanic to have it looked at,\" says McParland. \"While most rental cars are well maintained, there have been instances where some rental cars were crashed and fixed without that accident appearing on the vehicle history report.\"
Purchasing a rental car used to be considered a bad idea because of the wear and tear renters may put on them. But over the years, people have realized that the benefits can far outweigh the downsides. Strict maintenance, lower prices, \"no haggle\" sales, rent-to-buy options, extended warranties, and seven-day return policies can help make buying a car from a rental company a good idea.
Used rental cars are often 1-2 years old, but they come with mileage that's more often double what an average car that age would have. If you're hoping to buy a car you can keep driving for as long as possible, you'll have to determine whether the benefits outweigh a car's potentially shorter lifespan. Learn more about mileage on used cars.
Being subjected to different driving styles may increase the wear and tear on a car. It's also a common belief that people treat rental cars rougher than their own cars. That belief may or may not be accurate, but the potential for more significant wear and tear should factor into your decision.
Because they're newer, another benefit of buying rental cars is that they're usually more up to date with the latest safety features. That said, you should check the vehicle history report, ask about recalls and get an inspection to help ensure that buying a rental fleet car is perfectly safe for you and your family.
Because of the potential for more significant wear and tear on the car's parts, you can have the used car inspected by a mechanic, before you buy. Since rental car companies often have seven-day return policies, you can buy it right away and then have it inspected. If the inspection shows something wrong, you can return the car for a full refund.
Purchasing a rental car used to be considered a bad idea because of the wear and tear renters may put on them. But over the years, people have realized that the benefits can far outweigh the downsides. Strict maintenance, lower prices, \\\"no haggle\\\" sales, rent-to-buy options, extended warranties, and seven-day return policies can help make buying a car from a rental company a good idea.
For consumers, however, there's a silver lining: As demand for rental cars decreases, companies are offloading fleets onto the used car market. This has given luxury car buyers a fresh source of bargain-priced premium vehicles.
Hertz is far from the only car rental company to contemplate divesting itself of its current holdings in the face of harsh economic realities. Although rental operations regularly sell older vehicles so that newer models can take their place, the pace and flavor of these offerings has changed over the past three months. Hertz in particular has led the way by moving as many of its luxury and high-end sports cars as it can, while even Avis Budget Group has accelerated sales of its fleet vehicles.
So what should you look for when trying to score a deal on a used rental car Is it any different than buying a more traditional, off-lease, secondhand vehicle, or do you need to pay special attention in certain areas to make sure you end up with exactly the right vehicle Finally, is buying a high-end former rental truly going to save you cash, or is it a wash when compared to traditional dealerships
\"The fastest car you'll ever drive is a rental car.\" Variations on that joke have been around for decades, amplifying the suspicion that any vehicle being offered for sale after its tour of rental duty has been abused to the point where you would never want to park it in your garage.
As with any used-car purchase, buying a former rental car requires due diligence. You'll want to verify if the vehicle comes with the balance of its original factory warranty, that all scheduled maintenance and safety recalls have been taken care of, and that you can get the vehicle inspected by a neutral third party.
Rental cars can often have higher mileage than lease returns, too, so a mechanical inspection becomes that much more important. It shouldn't be a problem to arrange, since Hertz and Avis have historically offered \"try before you buy\" programs that let you drive the vehicle in question for anywhere from a few hours to a few days prior to making a decision. Enterprise even offers a buyback option that's valid for seven days post-purchase.
The cars and trucks offered by rental companies don't always match their showroom siblings when it comes to features and equipment. This is particularly true at the low end, where compact and midsize cars often come with more basic comforts than their badge might suggest.
Many rental companies make use of a zero-haggle model when selling off used fleet vehicles. This is quite convenient from a shopping perspective, especially considering the appealing pricing of used luxury cars from rental fleets.
For example, Enterprise Holdings, the largest rental-car company in the U.S., gives shoppers seven days to decide whether they are happy with a purchased car. We strongly suggests using that time to have the used rental car inspected by a certified mechanic (about $100).
Anyway, the point is that these kind of fuel shenanigans encourage rentees to overfill the rental gas tanks just to ensure that they will avoid a bogus fuel charge by the rental agency. This means that if everyone does this when renting a car, that the car may wind up on the used car lot with an EVAP problem that gets passed onto the car owner.
If you're shopping for a later-model used car on a budget, though, this is an avenue you might want to consider. Rental car companies rotate their fleets on a regular basis, which means there's a steady supply of older cars they're looking to unload. Many of these cars end up at auctions where dealers often buy them and resell them on their lots. But some companies, like Hertz and Enterprise, will also sell former rentals directly to individuals.
Brian Cayle, an expert in buying and selling used cars through various sources, has extensive experience working with dealerships, auctions and fleet management. He says that when shopping for a used rental car, you should be as cautious as when negotiating any other deal.
First, let's take a look at the pros of buying a used rental car. In the interest of quick and easy sales, rental car companies often price their cars lower than comparable used cars, though you'll still want to compare these prices against your local dealership and private-party listings, as well as Kelley Blue Book's valuation guide. Rental companies have a lot of cars to sell, and want to make the process as hassle-free as possible. Full inventories are listed on their websites with no-haggle pricing. Some companies, like Hertz and Budget, even let you take cars on overnight test drives.
And since rental car companies rotate fleets so frequently, you'll find that many cars are just a few years old. That means that in most cases, some of the original manufacturer's warranty will remain, and will transfer to the new owner. In some cases, you can also buy an extended warranty for extra protection.
Now let's take a look at the cons. Rental companies often order new cars in high volume for time and cost savings. Generally speaking, these run-of-the-mill compact and midsize sedans are going to be as simple as possible. That saves money and means there are fewer components that the customers can break and can even generate extra revenue. (Do you think they could charge extra to rent an aftermarket GPS system if the car had navigation built in) So keep in mind that if you like the latest features or prestigious trim levels, a former rental might not be right for you. 59ce067264
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