Car rental companies have been trying to sell you cars for years, but they have struggled to make the business financially viable.
Now, thanks to a surge in rental car companies, they’re finally making a dent.
Here are six things you need to know about car rentals.
What Is Car Rental?
Rent-A-Car (RAC) is a business that uses an app to rent out a vehicle for an hourly fee.
Its main selling point is that it’s cheaper than buying a car outright, which is a costly endeavor.
RACs use car dealerships and leasing companies to rent their cars for a fixed price and typically charge an annual fee.
These companies also charge a deposit.
The deposit is used to cover the upfront cost of the rental.
How Many Cars Can I Rent?
As of March 2020, there were around 1,600 RAC companies nationwide.
Of these, about half are owned by automakers and about half by self-driving car startups.
A third are in the hands of car rental companies.
What Are the Car Rents Available for?
In order to rent a vehicle, you need a license and an address in the United States.
The car rental company typically provides you with the address where the vehicle is rented out and the number of vehicles to rent.
You can rent one car or many vehicles at a time.
The number of rental vehicles varies based on the company and the rental company’s location.
How Do I Choose a Car?
There are four basic types of rental cars.
There’s a standard sedan, a coupe, a sport utility vehicle, and a sports utility vehicle.
A sport utility car has more horsepower and higher passenger capacity than a standard car, but it has less cargo space.
A standard sedan or sports utility car comes with a smaller driver seat and a wider roof line.
A coupe is usually a smaller sedan that offers more cargo space, but also lacks a roof line and cargo capacity.
A convertible is usually less expensive and offers more space than a sedan or coupe.
Which Cars Are the Best for Renting?
A coupe with the best cabin width is more affordable and more convenient than a sport or sedan.
A sports utility can be better in a pinch, but can be a bit cramped.
A convertible sports utility or convertible can have a spacious interior but may not be as comfortable to ride in.
A sedan can have room for both a sedan and a convertible, and offers great cargo space in the rear.
A crossover is an alternative to the sedan.
What Car Renter Fees Do RAC Companies Charge?
According to data from rental car aggregator RentACar, RAC cars can cost anywhere from $3,500 to $4,800 for a basic, full-size sedan or SUV, depending on how many rental vehicles are available.
A full-sized SUV usually costs about $18,500 for a full-seat cab.
Cars with more cargo capacity are usually cheaper and offer more options.
The full-priced sedan has more cargo room, while the sport utility costs less.
A premium sedan or sport utility can cost as much as $25,000 for a large, spacious cab.
Rental car companies also offer a range of rental car discounts that vary based on your location.
Here’s what the prices are for the most popular car rentals, according to RentACam: • Rental Car Discounts from CarRent.com: $2,500-$3,000 per car• Rental Cars From CarRental.com – $2 to $7,500• Rorqual Rental Rental $1,200-$3.00 per vehicle, depending upon how many vehicles are rented• R&R RentalR&R has an R&rR car, a R&y car, and R&e cars, which are all of the same model.
The R&rs are often used as the starting point for a rental car search.
R&Rs are a little more expensive than R&s, but are still a reasonable cost compared to other cars in the rental market.
• R&rds R&rfR car has a standard trunk and has a removable roof rack.
The price varies depending on the size of the car, the number and type of occupants in the car and the length of time you’re looking for a vehicle.
• CarRescue RescueRescues car is a service that specializes in transporting rental cars to customers who cannot drive.
The service costs $3.50 per car, while a car is also available for $3 a day.
The prices range from $1.00 to $3 per day, depending the car type and the size.
• Cars from Rent-ACarRentalResca cars are a way for renters to find the perfect rental car, because R&d cars are often very cheap. R