Should I Buy a Rental Car?
Over the past few months many readers have asked if it’s a good idea if they should buy a rental car. Before answering this question, let’s take a look at the rental car business in whole.
The major car rental companies buy some two million cars each year. Those cars don’t just magically disappear after 18 to 24 months, they get sold, either at major auctions or directly to the public.
That means roughly one in five cars on the road is either a rental or an ex-rental. You could be sitting in one right now and not even know it!
There are two schools of thought when it comes to buying a rental car. One says it’s a great way to get a good deal, the other says to avoid them at all costs. So which is right?
Unfortunately there’s no simple answer, so here we’ll take you through the pros and cons of buying a rental car. We’ll also explain the processes the major companies follow when selling their used cars and we’ll offer some advice on how to buy a used car wisely.
When you’ve finished reading this article you should know enough to decide if buying a rental car is the right decision for you. (Or maybe that should be buying and ex-rental car.)