New car prices have reached all-time highs.
Even usedcars are becoming more expensiveandtheyre more likely to experience mechanical issues in the short term.
How can you get a high-quality car on a budget?
By buying a used rental car.
Big-name rental companies like Hertz, Enterprise and Avis sell former fleet vehicles at affordable prices.
Does Buying a Used Rental Car Save You Money?
Buying a used rental carcansave you money.
Agencies like Hertz have a large selection of used vehicles under $20,000 or even $15,000.
In fact, Hertz currently has 3,000 used vehicles under $15K.
But its the age of the retired rental cars that make them compelling.
Other used cars at lower price points are typically older than vehicles youll find through rental companies.
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It got the job done, was within my budget, and relatively new.
So, the car might be covered for mechanical issues a while longer.
Rental agencies may also offer free limited warranties.
Hertz Certified and Rent2Buy vehicles, for instance, come with a 12-month, 12,000-mile limited powertrain warranty.
Avis also offers 12 months of roadside assistance.
For instance, Hertz Certified vehicles undergo a 115-point inspection to ensure theyre in top-tier condition.
Note: Not all vehicles sold through Hertz Car Sales are certified.
Longer Test Drive
Its hard to make a decision after a two-mile test drive.
Rental agencies typically give you more time to think things over.
If you decide to buy the car at the end of the rental period, the charges are waived.
No Negotiating
Used rental car pricing is usually transparent what you see is what you get.
That means you dont need to go in ready to haggle for a car.
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Myers and his family have been lucky.
Flaherty was even luckier.
The one-year-old Chevy she bought had only 13,000 miles on it pretty standard for a year of driving.
This means former rental vehicles often have more wear-and-tear.
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Timothy Moore is a personal finance writer and Certified Financial Education Instructor.
He covers banks, loans, insurance and taxes for The Penny Hoarder.
Find his work on sites such as USA Today, Business Insider and Forbes.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
