Tuesday, October 2, 2012

All the rental company coverages are profit centers, as seen from the most cursory comparison of tha




How much money, if any, does a car rental place make if I just say I'm renting a car, nothing else. I always decline everything (except at at place in New York where they said SLI was a state law and I couldn't rent without it) and wonder if I should feel bad about doing so?
I apologize for the early hijack, but why should you feel bad about not paying for extras? If they're willing to rent to you at some advertised price, whether they make any profit is (quite literally) their business. You have no moral obligation ny exotic car rentals to give them some minimum profit margin.
If you want to get a ballpark estimate of what it costs the rental company, consider the cost of leasing that same car. After all, the cost of a lease is based on the expected depreciation of that car, plus financing costs. So your typical ny exotic car rentals rental car might cost $200-$400 per month (off the top of my head), which is around $7-$13 per day. Now, they will charge more than that, since they have to pay for maintenance and overhead, and some days the car will just sit on the lot waiting for the next customer.
I can't answer the question as such, but the CDW is (not literally, but in effect) just insurance. I don't know about insurance ny exotic car rentals rates in the US specifically but around here the average annual premium on a private car might be a few hundred dollars a year. From rates I've seen, the CDW a rental company asks for would amount to an annualised premium of thousands if not tens of thousands of dollars per year. Clearly therefore, the CDW is a major profit centre for rental companies and not buying it is hurting their bottom line. I'm not suggesting you should care, far from it, but clearly the extras are where they make their money.
You shouldn't feel bad- because they lie to you. SLI is not required in NYS . You might want it if you don't own a car , but most auto insurance policies cover a rental to the same limits as your own car.
I rented a car in New Mexico, and they told us about loss of use and claimed that no auto insurance policies covered the time a car couldn't be rented because of repairs needed due to an accident ny exotic car rentals that happened ny exotic car rentals during my rental period. So I paid for it. When I got home, I found out that New York requires this coverage on auto policies. I'm sure the guy at the counter was just repeating what he was told- but someone in that company either knew it wasn't true or made it up out of nowhere.
If you do not carefully go over the rental before taking possession of it, you might be in for a rude awaking when you receive a letter in the mail stating that you are the one responsible of damage to the vehicle.
Plenty. Enterprise has revenues of more than $10,500 per car per year, and they sell the car at the end of a year. It's a very profitable business, particularly when you can push margins down by operating on a large scale. Enterprise, for example, has 850,000 cars.
This is likely the case, but doesn't necessarily have to hold. For example, they might take a slight loss on bare bones rentals knowing that 65% (made up number) of people will opt for upgrades (GPS, insurance) with very high margins.
Think they made any money on this transaction? Or is it a loss leader? Or is September a slow month in Norfolk and they're trying ny exotic car rentals to get whatever they can for vehicles that would otherwise sit on their lot?
I do know in Florida I paid $45 for Toll by Plate; I had no choice since I intended to use the Turnpike Extension. Since I coudn't have possibly used more than $20 in tolls (Skyway Bridge, Turnpike Extension and Alligator Alley one direction, a couple of times back and forth on the Bee Line or Beach Line or whatever they call it); I figure someone made an absolute pile on it.
As a side note, is an Avenger a nice vehicle for long road trips? Normally I like SUVs but it was a lot more to rent one this time around. Even rolling the dice and get the whatever we have on the lot was more expensive than an Avenger. I could have gotten an SUV, but I also could have been stuck with a compact again. I hated the Caliber I had to drive around the Northeast coast with.
All the rental company coverages are profit centers, as seen from the most cursory comparison of that insurance ny exotic car rentals with your regular ny exotic car rentals car insurance or even with American Express's Premium (primary) ny exotic car rentals insurance $25 flat per-rental charge. If you have a good insurance policy ny exotic car rentals of your own that covers damages, liability, uninsured other parties,etc. while in rental vehicles, you need not bother with the companies' coverage. With the advent of e-toll-only roads in SoFla it's inevitable to have to accept the toll system (where you're paying for a middleman processor to handle the tolls), but in that case someone can shop around between those that will charge you a flat amount per day (if you're gonna run up a lot of tolls), or a smaller base amount plus actual tolls.
I also decline just about every other option such as premium satellite radio, GPS if I know where I'm going (I can read a ^%$# map), and prepaid gas if I can figure out where's the pump nearest to the point of return. There is no moral obligation to accept upsell in any business.
OP, be advised, over the last three years, not once that the class of my reservation was Dodge Avenger ny exotic car rentals or similar have I wound up actually driving a Dodge Avenger (by contrast, every time I checked Ford Fusion or equiv., darn tootin' there was a Ford Fusion waiting for me). It seems to just stand for generic midsize vehicle with some rental companies. Can't say if your rate quote is lowball w/o knowing how many days, though.
Oh, WE don't choose the middleman, the rental company does. But we can decide e.g. if Dollar @ 7.50 flat daily or National @ 2.00 daily plus actual toll, is a better deal when added to the actual rental rate.
Car rental companies are *hugely* profitable. I'm not sure why you're suspicious that they are losing money on these transactions. ny exotic car rentals Multiply your $187 times four weeks and imagine that's a monthly car payment. Can a car dealer make a profit ny exotic car rentals selling you a $16,000 car for a $750 monthly payment?
I assume ny exotic car rentals the collision damage insurance is NOT what they actually pay some third-party insurance company, it's just a direct estimate and they have the necessary coverage themselves anyway. (Just in case they get stiffed - you acccidentally total someone else's Ferrari or something and can't pay...) So they would normally pocket most of it, since IIRC a person could get free coverage from a VISA card, or it's a $50 option on your regular auto insurance for some companies.

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