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작성자 Jeannette 댓글 0건 조회 20회 작성일 23-03-29 23:18

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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 smarter financial decisions by offering interactive financial calculators and tools as well as publishing original and objective content. We also allow you to conduct your own research and compare data at no cost - so you can make financial decisions with confidence. Bankrate has partnerships with issuers such as, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make Money The offers that appear on this website are provided by companies that compensate us. This compensation may impact how and when products are featured on the site, such as, for example, the sequence in which they be listed within the categories of listing and other categories, unless prohibited by law for our mortgage home equity, mortgage and other products for home loans. However, this compensation will have no impact on the information we provide, or the reviews that appear on this website. We do not include the universe of companies or financial offers that may 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 ways and pitfalls of taking out loans to buy an automobile. The article was edited by Rhys Subitch Edited by Auto loans editor Rhys has been writing and editing for Bankrate since the end of 2021. They are passionate about helping readers gain confidence to manage their finances with concise, well-researched and detailed facts that break down complicated subjects into digestible pieces. The Bankrate guarantee
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At Bankrate we strive to help you make better financial decisions. While we adhere to strict journalistic integrity ,
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who ensure everything we publish ensures that everything we publish is accurate, objective and trustworthy. Our loans journalists and editors focus on the points consumers care about most -- the various kinds of loans available, the best rates, the top lenders, ways to pay off debt and more -- so you can feel confident when making a decision about your investment. Integrity of the editing
Bankrate adheres to a strict code of conduct standard of conduct, which means you can be confident that we'll put your needs first. Our award-winning editors and reporters create honest and accurate content that will help you make the right financial choices. The key principles We value your trust. Our aim is to offer readers accurate and unbiased information. We have established editorial standards to ensure that this happens. Our reporters and editors thoroughly verify the truthfulness of content in order to make sure that the information you're reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive compensation directly through our sponsors. Editorial Independence Bankrate's editorial staff writes in the name of YOU - the reader. Our aim is to provide you the best advice to help you make smart financial decisions for your personal finances. We adhere to strict guidelines in order to make sure that the content we publish isn't influenced by advertisers. Our editorial team receives no any compensation directly from advertisers and all content is checked for accuracy to ensure its truthfulness. So when you read an article or a report, you can trust that you're receiving reliable and dependable information. What we do to earn money
There are money-related questions. Bankrate has answers. Our experts have helped you understand your money for over four decades. We are constantly striving to provide consumers with the expert advice and tools needed to succeed throughout life's financial journey. Bankrate adheres to strict standards standard of conduct, so you can rest assured that our content is honest and accurate. Our award-winning editors and reporters produce honest and reliable information to assist you in making the best financial decisions. Our content produced by our editorial staff is factual, objective and is not influenced from our advertising. We're open about how we are in a position to provide quality content, competitive rates, and useful tools to our customers by describing how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated for the promotion of sponsored goods and services, or by you clicking on certain links posted on our website. So, this compensation can affect the way, location and when products appear in listing categories, except where it is prohibited by law for our mortgage, home equity and other products for home loans. Other factors, such as our own rules for our website and whether or not a product is available in the area you reside in or is within your personal credit score may also influence the manner in which products are featured on this site. We strive to offer a wide range offers, Bankrate does not include details about every credit or financial products or services. A majority of people only use the rental car for holidays or when they are awayand for a lot of people, they can also be an option to acquire a vehicle of their own. While rental cars are owned by a number of drivers, they also have extensive maintenance records as well as cost-effective. But before you drive off the lot in one of these cars there are some factors to account for. What is the best way to purchase a rental car Just as when you purchase any other new or used vehicle, buying a rental needs some preparation prior to the time. Budget Know the amount and what financing options work best for your budget. Since rental cars are used vehicles, there are plenty of financing options. The rates averaged at 10.26 per cent in 2022's fourth quarter according to figures from . Keep in mind, however, that this is more than the amount you see advertised online. Visit websites such as Edmunds as well as Kelley Blue Book (KBB). Both offer breakdowns of the expected repairs and maintenance costs for a variety of vehicles. Compare cars The most reliable sources for looking into rental cars to buy are Enterprise, Avis and Hertz. Simply go to their websites to see what they have available in your local area. Also, Edmunds and KBB can be useful guides. They will show you the the average cost in your region for the vehicles you're interested in. This way, you can be sure the used car dealership is offering a good deal. Also, since rental vehicles have greater damage, see the possibility of a lower price than average to cover more expensive maintenance costs in the future. When you've got an automobile in mind Apply for preapproved financing. Although many rental agencies offer financing options on their own, it is best to always do your research so that you are sure you're getting the most competitive price. Being prequalified also lets you make better budgeting decisions. Once you have a clear idea of what you're able to spend -- and know the monthly cost of your purchase will be, you are able to shop for just the right fit to your budget. Check the car Try a test drive, and view the car in person if you can, then seek out the history of the vehicle. This will give you information about any damages that have occurred in the past, and previous ownership as well as information about the car's hood. Because rental cars see many drivers, they accumulate some miles. The odometer is likely to be very high, even in new vehicles, so when you purchase. Along with the history of the vehicle report, this will give you a full idea of the intensity with which the vehicle has been driven during the time it was rented. Also make sure you inquire about the warranty is covered with a manufacturer's guarantee, and you might be eligible for additional assurances from the rental firm. This could be a great option even if the vehicle is covered by the manufacturer's warranty. Extended warranties are for more routine repairs and maintenance requirements. But they are an extra cost, so be sure you are aware of what they cover and whether it's worth it before you sign up. Do rental cars make sense to buy? Similar to the majority of things related to buying a car it is important to consider the financial impact and the fit for your lifestyle. Although rental cars are a bit of a bad rap however, it is not a guarantee that every used car you buy hasn't been abused in the same way unless you are familiar with its background. Pros of buying a rental car. Rental cars can have a bad name, but there are a few reasons why they could be the right choice for you. Warranty: Most rental cars have a warranty of about one year -including cars that no longer qualify for the original manufacturer's warranty. Buy-back policy: Rental car rental companies might offer an option to buy back the car in the event that you decide to cancel immediately after you have purchased. Well-maintained vehicles The car rental company should have kept the vehicle well-maintained and cleaned after every driver. Even with more wear and tear on your potential car, it has still been checked up on much higher than the typical used vehicle. These features can provide some added peace of mind that might not be found in used vehicles elsewhere. Pros and cons of renting a car While there are some positives, there are also disadvantages of the rental vehicle. High mileage: Frequent drivers and long trips may outweigh frequent maintenance. The high mileage incurred by renters could mean more trouble or a shorter lifespan for your vehicle. Limited options: Along with this, purchasing a rental means a much more limited stock available to choose from. If the rental car provider doesn't have the car you're looking for, you're out of the woods. Basic features: The vehicles that are available don't come with the bells and whistles drivers seek. A lot of them are basic and do not come with the luxurious features that other used cars come with. The bottom line If you decide to go with a used rental vehicle, make sure you do your own research about typical car costs, check a car history report and look over the fine print when looking at rental vehicle websites -- many offer special deals or buy-back alternatives. Also, like any used car, getting the vehicle signed off on through an experienced mechanic could offer you peace of mind. Learn more
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Written by Auto Loans Reporter Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers with the ways and pitfalls of borrowing money to purchase a car. The article was edited by Rhys Subitch Edited by Auto loans editor Rhys has been editing and writing for Bankrate since the end of 2021. They are dedicated to helping readers gain the confidence to take control of their finances with concise, well-studied details that cut complicated topics into digestible pieces.
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