Buying Used Cars From Car Rental Agencies
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Mention that you are thinking of buying a former rental car and the response is predictable: Rental cars have been abused and you'd be crazy to buy one. But should you really steer clear of these vehicles Or could a former rental car be solid, dependable transportation
The oft-cited abuse of rental cars might be true in a few cases. But there are other factors that offset that argument. Rental companies maintain their cars well and closely follow the service schedules. And because the rental car agencies buy vehicles in volume and pay less up front, their resale prices can be lower.
Check on recalls. Since June 2016, rental car companies have been required to fix any recalled cars in their fleets. The vehicle history report should show whether there are any outstanding recalls, but it doesn't hurt to check yourself by running the vehicle identification number (VIN) through the National Highway Traffic Safety Administration's free recall site. If there turns out to be an outstanding recall, you can ask the seller to get the car fixed or move on to another vehicle.
EDMUNDS SAYS: Consider shopping at a rental car lot the next time you're in need of a good used car. The streamlined sales process and lower prices may be enough to offset the downsides of high mileage and history of many drivers.
You go to a rental car company to rent a car, not buy one. But plenty of car rental companies sell vehicles from their fleet when they are a few years old. There are some good deals to be had, but you might be wondering if it's a good idea to buy a car that dozens of people have driven before you.
\"It's a great way to get a car for those on a tighter budget, and generally speaking, registered rental companies will have taken good care of their cars to prevent any accidents while the car was owned by their business,\" Lowe says.
Lowe suggests that before you sign on the dotted line to purchase a former rental car, check the car over carefully. If you don't know much about cars, take a trusted friend or family member to look at the vehicle so the right questions can be asked. Beyond that, before you buy a rental car, here are 10 factors to consider.
This is probably what potential rental car purchasers are going to worry about the most. It's easy to imagine drivers going on bumpy mountainous roads in their rental cars and not caring if they're banging up the car. After all, it's not theirs, is it Pretty soon, your imagination has various rental car drivers sailing over speed bumps, speeding over dirt roads and burning rubber in parking lots.
Additionally, \"Most [rental cars] are kept in very good condition and undergo frequent maintenance checks to make sure all the cars in the fleet are kept in tip-top shape,\" says Richard Reina, product training director at CARiD.com, an automotive parts and accessories website.
While you'll likely be able to pore over maintenance records and look at a Carfax report, you won't know whether somebody braked hard on the car during a weekend trip in New York City. Or if somebody on a trip from Nevada to Texas kept flooring the gas whenever they were on an open stretch of highway. Maybe somebody else used the car to stuff in all of their heavy belongings, overloaded the vehicle and placed a strain on components like the brake, suspension and drivetrain.
Rental car companies like to have new inventory, so you'll probably find relatively new used cars for sale. Enterprise, for instance, sells cars, SUVs and trucks that are one to three years old. A search through Avis's rental cars for sale in August 2020 shows mostly vehicles from 2019.
If you're skeptical about buying a rental car, think about the person who buys the vehicle after you and learns the car was initially a rental. But if you take good care of the vehicle and save all your service records, it shouldn't matter. You're buying the car to drive, not to sell.
People generally don't get rich selling their old cars the way they hope to when they sell an old house. If you're planning on keeping this rental car for a long time, worrying about possible lower resale value shouldn't factor heavily into your decision.
Many rental car agencies promise no-haggle buying, but so do many dealerships, especially online dealerships. And while many people hate to negotiate, declaring your business a no-haggle zone makes it clear that the car buyer will be unable to get a better deal. So it's a plus for the car selling companies more than anyone else. It makes you wonder if this bums out people who enjoy negotiating.
You'll want to ask about this if you're thinking of buying a rental car. On the one hand, if you're buying a rental car with high mileage, the vehicle's factory warranty may be expired. On the other hand, because these cars are often still only a year or two old, there may be more time or mileage left.
You're buying a car from a rental car company, not a car dealership. So you may not have a wide selection of vehicles from which to choose. In fact, the inventory will probably be less than it would be at a traditional dealership. Some rental car companies have essentially said that they're done buying cars and restocking cars for the year, thanks to the pandemic crushing their business. So next year, for instance, the inventory of rental cars for sale could be slim pickings.
Still, you're presumably just looking for one good car to buy, so that's all you need. There's no harm in checking out a car rental agency near you and taking a look at their inventory. If you find nothing you like, you can check out a different car rental agency or start searching on car buying websites or go to a dealership.
While buyer's remorse is a real thing when it comes to cars, if you do your homework on a rental vehicle and know what to expect as far as mileage, wear and tear and pricing, you shouldn't have buyers remorse just because you purchased a former rental car.
Your Personal Auto Consultant is expertly trained to guide you through every step of the auto buying experience. They can answer any questions you may have, over the phone or via email. While Personal Auto Consultants are based at centrally operated centers, all have direct access to the many thousands of quality used vehicles in our online inventory. Subject to the laws where you live.
Avis Car Sales has rental locations nationwide where you can take the Ultimate Test Drive in one of our recently retired rental cars. We also have a growing number of sales lots where our used rental cars are always available for close-up inspection and comparison in a zero-pressure environment.
There are a vast number of places you can find a used car. You can buy from a private party, a used car dealer, or a franchised new car dealer. Another option is buying a former rental car from the rental car company itself.
When you're in the market for a pre-owned vehicle, you'll probably see ads from companies such as Enterprise Car Sales, Hertz Car Sales, and Avis Car Sales. They sell hundreds of thousands of cars each year on the used car market as they refresh their fleets with new vehicles. The companies have locations across the country. Some, such as those owned by Enterprise Car Sales, are corporate-owned, while others are franchises. The vehicles they sell are generally young, with fairly low mileage and complete service records.
Depending on what you're looking for, they may be excellent deals. However, it's important to remember that they're still used cars, and you have to do your due diligence to ensure you're getting a good vehicle, a reasonable price, and the right financing. It's vital to keep in mind that you can't get a good deal unless you get a good car. Our used car rankings and reviews are an excellent place to start your car-buying adventure. They're designed around the questions shoppers have when they're in the market for a used car.
\"We focus on high-quality one- to three-year vehicles, whether they be cars, trucks, SUVs,\" says Mike Bystrom, a Corporate Vice-President at Enterprise Car Sales. \"Coming out of rental fleets, they're all very well equipped with in-demand, high-tech, high-end features. Because that's what the retail public is purchasing.\"
Because they're young, they're more likely to include advanced safety and driver-assistance features than older cars, such as automatic emergency braking, lane-keeping assist, and adaptive cruise control. If, for example, you're able to find a 2019 Toyota Camry that served in a rental fleet, you'll get all of those features and more.
Almost every major rental car company offers online search tools to help you find either a specific vehicle, or what cars, trucks, and SUVs are available in your area. On many sites, you can search by price, mileage, age, and even fuel economy. You can usually set a search radius, so you're not looking at cars that are too far away from your home.
Many used rental cars have lower price tags than you'll find from used car dealerships or even private parties. Some of the differences may come from their condition or mileage, but it also stems from the fact that rental car companies buy in high volume. As a result, they don't pay the same prices when they purchase their vehicles new as other buyers do. They can afford to sell them for less.
Most national rental car companies advertise no-haggle pricing for their cars. They simply want to sell them quickly and with little hassle. It is important, though, to make sure you're looking at the vehicle's full price, including any fees involved in the sale.
If the seller provides the coverage, you should note when the coverage starts and ends. Typically, a rental car company warranty isn't added to the end of the automaker's warranty; it starts the day you buy the car. Here's an example: We'll say you're buying a car with 31,000 miles on its odometer, a manufacturer's warranty that lasts until it reaches 36,000 miles, and a 12,000-mile powertrain warranty from the rental car company that sold you the car. The manufacturer's warranty will take you to 36,000 miles. Then, the rental company's warranty will cover you for the remaining portion of its 12,000 miles or until your car reaches 43,000 miles. 59ce067264
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