Sign In


Latest News

The Meaning Of Same Day Online Payday Loans

Buying a rental car: What you need to know Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our aim is to assist you make better financial decisions by providing you with interactive tools and financial calculators as well as publishing original and objective content. This allows you to conduct your own research and analyze information without cost, so that you can make financial decisions with confidence. Bankrate has partnerships with issuers, including but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The offers that appear on this website are provided by companies who pay us. This compensation could affect how and where products appear on the site, such as such things as the sequence in which they be listed within the categories of listing in the event that they are not permitted by law. This applies to our mortgage home equity, mortgage and other home loan products. However, this compensation will have no impact on the content we publish or the reviews appear on this website. We do not include the vast array of companies or financial offerings that could be available to you. Share: BraunS/Getty Images

3 min read . Published March 02, 2023.

Writer: Rebecca Betterton Written by Auto Loans Reporter Rebecca Betterton is the auto loans reporter for Bankrate. She specializes in helping readers with the details of taking out loans to buy cars. The article was edited by Rhys Subitch Edited by Auto loans editor Rhys has been writing and editing for Bankrate since late 2021. They are passionate about helping readers gain confidence to take control of their finances by providing clear, well-researched information that breaks down complex topics into manageable bites. The Bankrate promise

More info

At Bankrate we aim to help you make better financial decisions. While we are committed to strict ethical standards ,

this post may contain references to products from our partners. Here’s an explanation for how we make money . The Bankrate promise

Established in 1976, Bankrate has a long record of helping people make smart financial choices.

We’ve maintained our reputation for more than four decades through demystifying the financial decision-making

process and giving people confidence in which actions to do next. process and gives people confidence in the next step.

So you can be sure you can trust us to put your needs first. All of our content is created with and edited

We make sure that everything we publish ensures that everything we publish is accurate, objective and trustworthy. We have loans reporters and editors focus on the areas that consumers are concerned about most — different types of lending options, the best rates, the most reliable lenders, ways to repay debt, and many more. This means you’ll be able to feel secure when investing your money. Integrity in editing

Bankrate follows a strict and rigorous policy, so you can rest assured that we’re putting your interests first. Our award-winning editors and journalists provide honest and trustworthy information to aid you in making the best financial decisions. The key principles We respect your confidence. Our goal is to provide readers with reliable and honest information, and we have editorial standards in place to ensure that this happens. Our reporters and editors thoroughly verify the truthfulness of content in order to make sure that what you read is accurate. We have a strict separation between our advertisers and our editorial team. The editorial team of Editorial Independence Bankrate does not receive any direct payment by our advertising partners. Editorial Independence Bankrate’s editorial staff writes in the name of YOU the reader. Our goal is to provide you the best advice to help you make smart personal financial decisions. We adhere to strict guidelines for ensuring that editorial content is not affected by advertisements. Our editorial team receives no direct compensation from advertisers, and all of our content is fact-checked to ensure accuracy. Therefore, whether you’re reading an article or a report, you can trust that you’re receiving reliable and dependable information. How we earn money

There are money-related questions. Bankrate has the answers. Our experts have been helping you master your money for more than four decades. We are constantly striving to give our customers the right advice and tools needed to be successful throughout their financial journey. Bankrate adheres to a strict code of conduct policy, which means you can be confident that our information is trustworthy and precise. Our award-winning editors and journalists produce honest and reliable information to assist you in making the best financial choices. The content created by our editorial team is objective, factual and is not influenced from our advertising. We’re transparent regarding how we’re in a position to provide quality information, competitive rates and useful tools for you by explaining how we earn money. is an independent, advertising-supported publisher and comparison service. We are compensated for placement of sponsored products and, services, or by you clicking on specific links on our site. This compensation could influence the manner, place and when products appear within listing categories, except where the law prohibits it for our mortgage or home equity products, as well as other products for home loans. Other factors, such as our own proprietary website rules and whether or not a product is offered in the area you reside in or is within your own personal credit score could also affect the manner in which products are featured on this site. While we strive to provide the most diverse selection of products, Bankrate does not include information about every financial or credit products or services. A majority of people only use the rental car for holidays or when they are awayand for a lot of people it is also an option to acquire the vehicle of their choice. While rental cars are owned by several drivers, they also come with extensive maintenance records and an affordable price. However, before you leave the lot with one of these vehicles there are a few things to consider. How do you purchase a rental car Just as when you purchase any other used or new car, renting a vehicle needs some preparation prior to the time. Budget Understand how much and what financing options are most suitable for your budget. Since rental cars are used vehicles, there’s plenty of financing options available. The rates averaged 10.26 percent in the fourth quarter of 2022. 10.26 percent in the fourth quarter of 2022, according to data from . However, keep in mind that the is much higher than what you can see advertised on the internet. Check websites like Edmunds and Kelley Blue Book (KBB). Both have breakdowns of expected repairs and maintenance costs for a variety of cars. Compare cars The best resources for looking into rental cars to buy are Enterprise, Avis and Hertz. Go to their websites and check out what they have available in your local area. Again, Edmunds and KBB can be a good guide. They will show you the the average cost in your region for the vehicle you’re looking at. This way, you’ll be sure the used car dealer is offering a good deal. Since rental vehicles are subject to more wear and tear, consider whether you can get a price lower than the norm to make up for potentially more expensive maintenance costs later on. If you’ve got a vehicle in mind, apply for preapproved financing. Although many rental agencies offer financing options of their own, it is important to ensure you get the most competitive price. Prequalifying also allows you to budget more accurately. When you know what you’re able to spend and have a clear idea of your monthly payment — you can shop for the ideal car to your budget. Examine the vehicle. Try a test drive, and inspect the vehicle in person if you can and then look up the car’s history report. This report will give you an details about any damages in the past, and previous ownership as well as information about the car’s hood. Because rental cars are used by lots of drivers, they accumulate some miles. It is normal for the odometer to be high even with relatively new vehicles, therefore, prior to buying. In addition to the car’s history report, it will give you a full idea of the intensity with which the vehicle has been driven during the time it was rented. Make sure to check the warranty. Finally, ask if the vehicle comes with a manufacturer’s guarantee, and you might be eligible for additional security from the rental company. An may be a good option even if the vehicle is covered under the manufacturer’s warranty. Extended warranties are for more routine repairs and maintenance needs. However, they come at a expense, so make sure that you understand what the warranty covers and whether it’s worth it prior to signing up. Are rental cars a good thing to purchase? As is the case with most things when it comes to purchasing a car it is important to consider the financial impact and the appropriateness for your needs. Although rental cars are a bit of a bad name but there’s no guarantee the car you purchase hasn’t been used similarly unless you are familiar with its history. Benefits of purchasing a rental car. Cars that are rented out may be viewed as a negative, but there are a few motives why they might be an ideal fit for you. Warranties: Rental cars often have a warranty of about one year -even those that no longer qualify for the original manufacturer’s warranty. Buy-back policies: Some rental car companies may have the option of buying back your car when you make a change of mind immediately after you have purchased. Well-maintained vehicles The car rental company must have ensured that the car is maintained and cleaned after every driver. Even with more wear and tear on the car you are considering it’s been checked up on much more than the typical used car. These features can provide some added security that may not be found in used vehicles elsewhere. Cons of buying a rental car Despite having quite many benefits, there’s also negatives associated with using renting a car. The high mileage of frequent drivers and lengthy journeys could be more costly than frequent maintenance. The high mileage incurred by renters could potentially mean more problems or a shorter lifespan for your vehicle. Limitations on options: In addition to this, buying a rental means a much more limited selection of vehicles available for purchase. If the rental car company doesn’t have the car you want in stock, you’re out of the woods. Basic specifications: The vehicles that are available don’t come with all of the features drivers seek. Many are basic models that do not come with the luxurious amenities other used cars might have. The main thing to remember is that if you choose to use a second hand rental car, you should do your homework on the typical prices, conduct a history report and look over the fine print when looking at rental car websitesthey often offer special offers or buy-back alternatives. As with any vehicle that is used, getting the car inspected through an experienced mechanic will provide you with security. Find out more


Written by Auto Loans Reporter Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers with the ways and pitfalls of borrowing money to buy a car. The article was edited by Rhys Subitch Edited by Auto loans editor Rhys has been editing and writing for Bankrate from late 2021. They are passionate about helping readers gain the confidence to take control of their finances with precise, well-researched and reliable details that cut otherwise complex topics into manageable bites.

Auto loans editor

Similar Articles: Auto Loans 5 min read March 03, 2023 Auto Loans Read 4 minutes October 11 2022. Loans 5 minutes to read on Oct 05, 2022 Automobile Loans three minutes read June 27 2022

In case you loved this short article and you would love to receive more info about $255 payday loans online same day deposit,, assure visit the internet site.

Related Posts