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.
Look in your rental contract. Most car rental companies include roadside assistance when customers rent out their cars.
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.
Luxery rental cars can cost you $10,000 to even $15,000 more then a standard vehicle.
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
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
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.
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.
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.
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.
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.
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.
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.
Car rentals cost so much because they are always nearly new cars and the rental company has to pay fees and high insurance premiums.
You can find companies that apy consumers to put adverts on their personal cars by registering online with websites such as PaidRide or FreeCarMedia. Once you are a member, you get access to the directory of companies which will pay for car advertisement.
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.
Yes, as long as you had comprehensive and collision insurance on your own policy. Rental companies require you to have these and the other party will not pay for them.
Enterprise is a good car rental company. It offers good deals. It really comes down to what kind of car you want, and how much money you are willing to pay.
"Concession Recovery Fee". Airports charge rental car companies for the privilege of operating there (a concession fee). The rental company passes that cost on to you, to recover the money they pay the airport.
It can be said that insurance companies pay for cars after a wreck as long as you are fully insured. But when a person does get money from the insurance company it doesn't mean that they are buying it from you. The car will have to be taken to a car junk yard and you can sell it to them.
The average person has three accidents in their lifetime. Life does not stand still while the vehicle is in the repair shop. For this reason, insurance companies offer rental reimbursement, which can be added to a personal automobile policy to pay for car rental fees while the vehicle is repaired.How to Get Rental ReimbursementThe guidelines of rental reimbursement are listed in the policy handbook; however, this is something every insured should discuss with their agent. Some companies automatically include rental reimbursement coverage; however, many companies offer rental reimbursement as an add-on that must be endorsed to the policy.How Much Does it CostRental reimbursement can run as low as a dollar a month to ten dollars a month. A rental car can cost 30-40 dollars a day, so this coverage can save the insured hundreds of dollars. Insurance pays for the cost of the rental car, but it does not cover gas for the rental or fees for stains caused by the insured. Many rental companies also charge a deposit, which in most cases is refunded when the vehicle is returned; insurance will not pay for this, but sometimes the fee is waved by the rental company.How does Rental Reimbursement WorkA common misconception is that rental reimbursement pays for a rental car for going on vacation. While the policy coverages are transferred to the rental, a policyholder is only entitled to a rental car if their personal auto is damaged in a covered loss. Not all companies offer the same coverage. Some will provide a rental car for as little as ten days while others will allow up to three months. In addition, the company may pay for the rental upfront while others reimburse the insured after they return the rental, which they pay for out of pocket. The agent or claims adjustor should be able to explain the restrictions and specifications of the rental riembursement endorsement.Rental reimbursement can be added to almost any insurance policy. Without this coverage, the insured must pay for rental fees on their own. For as low as a dollar a month, rental reimbursement helps drivers get to where they need to go while their vehicles are in the shop.
First, you offset as much of the rental income as you can with deductions for interest, depreciation, utilities, etc. Whatever net income remains, you pay tax on as ordinary income (depending on your tax bracket).
In the case of Enterprise, yes. If your auto insurance covers the cost of a car rental while your own is being repaired, that coverage typically only covers the base cost of the rental itself, and not any additional fees such as accident insurance on the rental car, additional authorized drivers, etc. Be aware that the amount that insurance policies provide for rental cars is typically much lower than the rental car would normally go for. Many agencies, Enterprise included, have special rates for insurance claim customers (which is why you are required to present a claim number from your insurance company for rental purposes), and the rental agencies are accustomed to dealing with insurance companies. Insurance rentals make up a substantial portion of rental business.
Yes, there are plenty of crane rental companies out there. For the most part you would have to search specific to your geographical location as the rental would have to be from a local company. You might be able to pay for and process the rental online, but you would have to go to the company to actually pick up the crane.
Insurance companies will be happy to insure as many cars as you want, as long as you are willing to pay the insurance premium.
It is possible to trade cars for money in many locations, examples of these are scrap yards who will pay you for the scrap value of the car. There are also companies that will pay you to buy your car and remove it for you.