Buying Used Rental Cars: Major Advantages and Disadvantages

A rental car is like any other used car and most cars may have scrapes and scratches. However their engines are maintained better probably than most privately owned cars since constant care and maintenance are undertaken during their use. Most cars will be clean when purchased from the top companies. These companies remove them from service after two or three years of age and by that time, the rental car would have already undergone a larger portion of depreciation. However the prices tend to be on the higher side when bought from such rental companies. Extended warranties can be obtained for an additional amount for full coverage.
The market for used cars has changed significantly in recent years and will still continue to grow towards emulating the experience of buying a new car. The rental agencies offer a viable option for purchase when buying a used vehicle. Rental cars can be a great investment for people looking for a suitable vehicle contrary to popular belief that these cars woould have been abused by the rental company drivers previously. The maintenance records will mostly be clearly documented which is a huge plus. Since every vehicle owned by the rental company will be the bread and butter and to keep them in good working condition is a good business sense.
The older model vehicles of the Rental car agencies are often disposed of in public sales. Most people use this method for buying their family cars regularly. As the rental companies are not trying to make a profit, prices are also often lower than offered by used-car dealers. We will now consider in detail the Pros and Cons of purchase of used cars from rental companies.
Advantages of of Rental car purchase:
The buyer knows where the car is coming from. It is more likely that the cars have been well maintained and kept clean during its life as a rental car. Clean maintenance records will be offered as a back up. Even otherwise, this should be insisted upon to make sure that the car has been properly taken care of.
Another attractive factor for purchasing a rental car is low pricing. Vehicles of less than a year old and having less than 20,000 miles clocked in their odometers are offered by many rental car agencies. Whenever a new model is for sale, it does not necessarily indicate that the vehicle is problematic and that there should be any room for suspiscion. Rental companies normally procure their vehicles at a bare minimum pricing in a lot thus enabling them to sell again at very competitive prices.
Warranty will still be existing when a car is purchased through a rental car company as they are sold sometimes within a year of purchase which may have a reasonable mileage. There is also a good possibility that there still will be some time left from the manufacturers warranty period. This is another advantage. A little peace of mind will be left considering the cons of purchasing a rental car.
Disadvantages of Rental car purchase:
The rental companies sometimes may have no idea of how the car is actually used and its endurances while in the custody of the individual to whom it is rented to. Though there will be some assurance that the car was not mistreated, it is known a fact that the cars would have been suffered to abuse by the rental car agency drivers.
Though the rental agencies inspect the car upon its return to their lot for ensuring that there has been no damage, it is still reported at that point that it is largely cosmetic and while aesthetics are also important, what is inside really counts. Thorough Inspection by an outside and unaffiliated mechanic will be better to ensure that the vehicle has not suffered any mechanical damages at the hands of a thoughtless renter. Mechanical soundness is the true bottom line even while cosmetic issues are important with any used car purchase.

Adam Boulton is an expert in dealing with automobile related matters. He has contributed several informative articles on topics such as used cars and auto loan to webguides - http://www.getbestcars.com and http://www.autoloanguide.info

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Rental Cars: Do You Make This Costly Car Rental Mistake?

Doesn't it seem confusing sometimes just to get a rental car? There seems to be so much paperwork and so many decisions to make.

For example, should you get the collision damage waiver or not? Should you buy additional insurance coverage from the car rental company?

If you've ever watched people at the rental car counter, you know these are questions that most people struggle with. Sometimes you can decline additional insurance on car rentals, but there are specific instances that you should always buy the insurance. But how do you know?

One of the biggest areas of confusion is the Collision Damage Waiver (CDW) offered by the car rental company at the time of rental. It covers damage to the rental car if you are involved in an accident.

The CDW isn't exactly insurance, and it only covers only damage to the rental car. It doesn't cover property damage or personal injury. If CDW is purchased, the car rental company waives some or all of its right to gain from you for physical damages to the car.

So should you purchase the CDW the car rental agency pushes at you? Experts say that most people don't need it but purchase it anyway. This is a very costly mistake!

You can save yourself a lot of hassle and unnecessary cost by doing three things. First, check your own car insurance policy to see what coverage carries over to rental cars. Second, see if the credit card you are using offers any coverage for renting. And finally, check the options the car rental agency offers in its own policies.

Many car insurance policies include all-inclusive and collision coverage to damages to rental cars. There is no sense paying for more if your policy includes this coverage, right? Just verify the details with your insurance agent before you decline the car rental company's additional insurance options.

Typical car insurance policies provide liability coverage that extends to car rentals. If you injure someone in an accident while driving a rental car, your policy will often cover you. If your car insurance policy does not provide these coverages when you are driving car rentals, be sure to purchase additional insurance from the car rental company to protect yourself.

In addition, many credit cards offer coverage for rental cars. If your credit card includes coverage for car rentals that have been damaged in an accident, you don't need to buy any other additional insurance coverage the car rental company offers you.

Finally, read the car rental policy carefully and decide whether or not your car insurance or credit card covers you. Then discuss the car rental's coverage with the agent. Always make an informed decision. Don't give into pressure by the car rental agent.

Deciding whether or not to pay for additional insurance coverage the car rental companies offer can be a tough decision. Check with your credit cards and existing car insurance policy to see if they provide rental car provisions, and if they don't, you'd better consider spending the extra money for additional insurance for your own protection.

You shouldn't pay for anything that you really don't need! On the other hand, you don't want to have inadequate coverage in the event of an accident with rental cars.

Karen Kirby has 25 years in the computer industry and an MS in Computer Science. Learn about car rental collision damage waivers. Free Internet Guide to Traffic

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