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This is a tough question. It's really hard to say how much they pay per car. Usually cars are bought in bulk directly from the manufacture before the car is even made. The cars are order aprox 1 year in advance. Then the cars are sent out to the area's.
The big boys dont really buy to many cars, best term to use would be lease, they use the car for a certain amount of time or up to the mileage cap, which ever comes first. Once the car hits one of these it is not consider a TB (turnback) that means its time for the car to be turned back into the dealer. They go to a GM TB yard and that yard sends them to dealers.
Opps forgot to add something. To turn the car back the car must meet certain criteria. IE not over the miles, under certain about of damage/repairs that have been done. If the car is not fit for TB then its is considered a Wholesale and is then sold.
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∙ 15y ago
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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.
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.
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.
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
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
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.
Should I have any concerns about buying one of the rental cars for sale by a major rental car agency?
These major agencies take care of their cars. Purchasing a used vehicle from one of these major rental companies is probably much safer than purchasing it from your average used car lot. Used car lots often don't know much about the history of the vehicle, whereas the rental companies know the entire history on maintenance and repairs from day one. There really are a lot of factors that should alleviate any fears that you have in this regard. The one downside is that you will probably pay more to buy a used car from the rental company than at your normal used car lot.
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.
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.
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 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.
