Discover how to save money when using car rental services. Whether you're planning a vacation or a business trip, understanding the nuances of car rentals can help you avoid unnecessary expenses and make informed decisions.
If you have a poor driving record, renting a car can be challenging. Car rental companies operate on tight profit margins and high overheads, making them reluctant to take risks. For those eligible to rent, navigating the rates and terms can be confusing and costly. It's crucial to know what to expect and what you need before contacting a rental company.
Before reaching out to rental firms, decide on the type of car you need. This helps avoid impulsive decisions and extra costs. Be aware that terms like "compact," "mid-size," and "luxury" can vary between companies. Clarify your requirements and ask for a model that matches your criteria.
To find the best rates, shop around and compare prices. You can do this by calling rental companies directly or consulting a travel agent. Flexibility with your travel dates can also help you take advantage of special deals.
Rental agents often push for a Collision Damage Waiver (CDW), costing between $9 to $13 per day. Despite its name, CDW is essentially a guarantee that the rental company will cover damages to the car. Declining CDW means you accept responsibility for any damages, potentially making you liable for the car's full value.
Car rental rates have increased by an average of 3% over the past year. Denver, previously known for high rental rates, saw an 18% decline last year. However, rates in popular tourist destinations have generally risen. Despite higher gas prices, larger vehicles and minivans remain popular choices.
| City | Average Daily Rate |
|---|---|
| Boston | $62 |
| Los Angeles | $55 |
| Orlando | $50 |
| New Orleans | $48 |
| Washington | $47 |
| Dallas | $26 |
Leisure travel car rental prices dipped in February but rebounded sharply in June due to the summer travel season. Business travelers often secure lower rates through long-term contracts. Rental companies are facing increased fleet purchase costs as traditional discounts from manufacturers like GM and Ford diminish, benefiting foreign car makers.
Before renting a car for business, check if your employer's insurance covers you. Some credit cards and automobile club memberships also offer automatic coverage. For more detailed information, visit The American Society of Travel Advisors (ASTA).
Be aware of potential surcharges, including state taxes and mileage rates. Consulting resources like the ASTA website can provide comprehensive information on these additional costs.
By understanding the intricacies of car rentals, you can save money and avoid unnecessary stress. From choosing the right car model to comparing prices and understanding insurance options, these tips will help you make the most of your car rental experience.
For more detailed information on car rentals, visit Travel + Leisure's Car Rental Guide.
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