With the prices of new automobiles on the rise, pre-owned cars have become an attractive option for many car buyers. You can either opt to purchase a used car from a used car dealership or a used rental car company. Unlike used car dealerships that are in the business solely to make a profit by selling used cars, used rental car companies sell cars to replace their older models with new ones. Here’s why you may want to consider buying a used rental car:
Competitive pricing: The key benefit of buying a used rental car is that the prices are likely to be a lot more competitive than if you were to buy it from a dealership. Given that used car rental companies need to dispose of their old stock as soon as possible, they usually offer these cars at reasonable prices to buyers.
Better maintenance: Since car rental companies need to provide reliable and well-maintained cars to their customers, you can expect a used rental car to be in good working condition.
Financing options: Many car rental companies also offer customers financing options with competitive interest rates, flexible terms, and special offers. If you are planning to take out a loan to buy a pre-owned car, it’s a good idea to check the loan terms offered by a few different rental car companies.
Extended warranties: Many car rental companies also offer limited warranties, usually for a period of 60 days or up to 2,000 miles. However, you may be able to purchase an extended warranty for enhanced coverage for a longer period of time. Used car rental companies also sometimes offer roadside assistance packages for a nominal cost to car buyers.
What to Keep in Mind Before Making the Purchase
If you find a rental car that matches your requirements at a good price, it is important to do some groundwork before you purchase the car. So, make sure to check the maintenance records of the car and get an independent mechanic to inspect it as well. Many car rental companies also allow customers to use the car for a trial period, to help them decide if it is a good fit.