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Airfares, hotels, cruises and just about everything else associated with travel is considerably less expensive than it was at this time a year ago. So renting a car should cost less than in 2008 too, shouldn’t it? Wrong.
A new Bing Travel article by Pauline Frommer tackles the car-rental situation, where the cost to consumers is way up over last year. According to The New York Times, in June you would have paid a whopping 65 percent more on average for a compact car rented at the airport, compared to the previous June. In May it was even worse, to the tune of a 73 percent increase.
As Frommer notes, the rate jump can be explained by car-rental companies accomplishing what other sectors of the travel industry have been unable to do: increase prices by cutting supply. The major companies have all slashed their fleets, Frommer says, and one Hotwire employee believes the number of rental cars on the roads is down at least 15 percent from last summer.
What’s a prospective car renter to do? Frommer lays out a number of options. Try renting anywhere but at an airport; independent rental agencies can also be a good bet. Be sure to use any coupons or discount codes you’re entitled to, and always fill up the tank before you return the car — if you don’t, the rental company may charge as much as $6/gallon to do it for you.
What tips do you have for renting a car without breaking the bank? If you’ve rented a car this summer, how much more did you pay than you did last year? Share your experiences with other travelers in the comments section.
Oh- and the gas option? It's also another convenience that we offer. If you pay for a full tank of gas up front- usually at a cheaper rate than what's in the area- you can return the car empty. Do you get reimbursed for the unused gas? No, but it saves you the time from having to stop just before you return and fill up- if you can find a gas station nearby. Do we make a lot of money on this? No. Remember- you are getting the gas cheaper than what's around so if we have to fill up the tank for you, we have to pay more per gallon. I am lucky to make a few dollars on this, especially if the tank is almost empty. Do avoid just not filling up the car if you haven't purchased the gas option, because you will be paying $7 per gallon, plus tax. If you aren't sure whether you will be able to find a gas station (gas around the airports tends to be more expensive) upon return, or if you'll have enough time- take the gas option!
I hope Ms. Frommer reads this!! I am an insurance agent and I have always told my customers NOT to purchase the rental collision coverage. I just saw a rental contract that my customer signed that stated the coverage to be provided was Replacement Cost. Most if not all auto policies only provide ACV (actual cash value). Guess who pays the difference?
We are renting a car in Phoenix, AZ for a week.
Enterprise rental: over $800 for a compact
Local Toyota dealer, for a Corolla: less than $270.
The car dealer promises valet to/from the airport.
Are hybrids up for rentals today?
there are lots of costs involved like insurances or leasign rates and interest rates on these
Let's see. Reduce your rental fleet and you can raise prices. Pretty soo there will be what 10 or 20 cars at major airports-with say a $500/day rental.
I will drive my own vehicle and not go to places I cannot drive to.
Let's see how the resort destinations like that.
Consumers aways win if they stick together.
What I would like to know: Foreigners from Europe are able to rent cars in the US at a fraction of the cost.
I just did a comparison, and they pay one third of what a US customer is charged, they do not pay a one way fee, and a full coverage insurance is included.
I would like to get the same deal that they are getting.
The comparison in this case was made for a car rental between Denver and San Francisco, for German customers the same type of car costs about $ 500 for two weeks total, incl. full coverage and one way.
For a US customer the cheapest was $1700, without any additional coverage.
This is a huge difference, how is this justified?
The cost of car rental continues to increase. I was astounded on recent trip to Hawaii at $500+ price tag for 6 days in a standard size car. Moreover, it really looks suspicious when all rental companies have virtually the same pricing.
There's more info here if you wanna check out health insurance plans... healthinsurancepricing.com
Nice article. Thanks for the information
We rented a compact from Budget at Austin Straubel Green Bay WI airport.Upon return no one checked the car for damage even though we suggested it and there was no damage. We were assured it was ok. Two weeks later we get a letter in the mail showing a picture of the vehicle(a scratch on the left front bumper which was not there when we left it) and holding us reponsible. We will fight the claim but are open to any suggestions as we have no supporting paperwork. Everything was handed in upon return.
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Niza puesto que ayudará mucho a los viajeros una dirección de la
there are lot of reason of expensive rental car behind it. Like costly oil and full day and night services of the drivers of the vehicles so it is expensive and other things depend upon the type of cars what you want to hire. Thanks for good post. Indigo cars are very nice in London area. I have experienced a lot of Car hire manchester airport. www.indigocarhire.co.uk
It is observed that in some countries prices for car higher than in other countries. It is quite different.
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