answersLogoWhite

0

What do rental companies pay for new cars?

Updated: 8/20/2019
User Avatar

Wiki User

11y ago

Best Answer

I couldn't tell you the exact amount (since I don't know), but I'm sure there is a volume discount since you're talking about hundreds of thousands of cars per year.

My particular employer purchases them directly from the manufacturer, but I suppose some smaller companies might go through dealerships.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What do rental companies pay for new cars?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Do you pay for a flat in a rental car?

Look in your rental contract. Most car rental companies include roadside assistance when customers rent out their cars.


Why do car rental companies sell their cars?

What I heard is that they don't want to deal with cars older than 3-4 years because they'll have to pay for repairs. Therefore, the only way to always have new cars is to sell the old ones. ** Rental companies must circulate 1-2 years to keep current with what the manufactures make. All rental compaies MUST purchase a certain amount of NEW manufactured cars- there fore they must get rid of the 'older ones' to dealerships to make room for that new stock. To re-coup the purchase costs, the sell the higher miles ones (typically 10-40k miles). (about 50-70% of cars you see at dealerships are purchased rental cars) As for 'not wanting to pay for repairs' .... rental companies DO make repairs. The ones they do not is if the total estimate of the damage exceeds the value of the car. -jsparkles


Which rental car companies have cars for sale?

All rental car companies dispose of their rented cars either themselves or through other agents. However most people are cautious about rental cars because they've been driven by people who didn't own them and wouldn't have to pay for damages. Enterprise, Hertz and Avis all sell their own used cars.


What is the legal minimum age to rent a car?

No major car rental companies are willing to rent to someone under the age of 21, although if you are under 25, you may be forced to pay a surcharge. Only New York and Michigan require car rental companies to rent cars to people as young as 18.


Do rental car companies encounter theft?

Of course. Customers never return cars CC fraud Cars stolen off the lots Customers cars are stolen Bandit Tow Companies. Customers cc is declined at rtn and no way to pay Just to name a few


What insurance companies insure rental cars?

This may very from state to state, but from what I am aware of the cars are bonded, which means the company has proven being able to pay for damage. The company pays for damages out of their pockets.


If the accident was not my fault can I get a rental car until vehicle is fixed?

Most insurance companies pay for a rental car. Check with your agent. Sometimes they pay for a week but other companies might only pay for three days.


Can you pay online for rental cars any more?

At several car rental places, you can reserve your rental online, then when you get to the counter, they ask for the card for verification.


Who is responsible for minor hail damage to a rental car caused by this act of god?

Unless you purchased insurance at the time of the rental, you are responsible to use your own insurance to pay for the damage. This applies primarily to the large rental companies (enterprise, hertz, etc) It varies from State to State. Each state sets it's laws to what is the rental cars responsibility.


How much more money do you have to pay for a luxury car rental?

Luxery rental cars can cost you $10,000 to even $15,000 more then a standard vehicle.


How many cars can one driver insure in New York?

As long as you pay the insurance premiums, there is no limit to the number of cars one driver can insure. The insurance companies will be happy to do business with you.


How to find a rental car cheap?

Rental cars can be a huge hassle. Not only are they expensive, but they are also stressful to drive. Unfortunately, whether for work or pleasure, rental cars are frequently a necessity. Fortunately, there are ways to get rental cars for cheap. The following guide will help you find a cheap rental car. The easiest way to find a cheap rental car is to use a rental car service that has a name your own price philosophy. These sites work by allowing individuals to state how much they are willing to pay for a rental car and rental car services can accept or decline the individual’s offer. This is an excellent way to get a cheap rental car, especially if you don’t care what sort of car you end up driving. These sites also frequently have additional bonuses, like unlimited mileage. You can also get cheap rental cars by ordering online. While there are hundreds of cars that sit unused in rental car lots, the rental car companies will still refuse to offer them for lower prices. This is because the car rental lots understand that individuals who arrive at the lot are in desperate need of a vehicle. They know they can charge you whatever they want and you will have to pay it. This dynamic does not exist online, however, where the rental car companies understand that you have the ability to view all of their competitors’ prices. Because of this, online rental car prices are usually far cheaper than the prices at the lot. Another way to get a rental car for cheap is to ask the rental car company if they offer any special discounts that you may qualify for. Many car rental services offer discounts to veterans, the elderly, policemen, or frequent renters. These discounts drastically range in value, but it is possible to get an excellent deal. Finally, be sure to always return your rental car with a full tank of gas. Many car rental companies will charge a small to large fine if their cars are returned without a full tank of gas. Filling up is an easy way to save yourself some cash.