3 ms·
Is there a market for renting out cheap, older cars?
- aurizon 4y agoI have rented from rent-a-wreck, and got used cars ~~4-5 years old and I was content. I expect that insurance is a larger part of the business who rents old cars - and they get none of that. Most fleets and car rentals have a ~~2-3 year cycle, mileage dependant, and they have odometers to judge when they want that car sold off based on the stats. This pinches used rental operations between repairs to worn cars and the insurance grab, so it needs sharp management. There are a few local garages here in Toronto who will only rent to insured people renting a replacement vehicle as the car insurance covers many aspects of replacement rentals - not all. Some provide courtesy beaters if they are doing the repairs.??
- rdtwo 4y agoNo it needs some really sophisticated legal engineering to get around the insurance problem. If the car is 100$ but insurance is 300 you aren’t getting much bang for your Buck vs a 200$ a month car.