Planning your next road trip? If so, are you sure you want to take your own car?
While it might seem obvious that driving a rental car would be more expensive than driving your own, there are certain scenarios where you may want to use a rental car instead.
First, a rental is favorable because more miles on your own car can hurt its resale value. For example, let’s say you have a newer vehicle. The first turning point of a vehicle’s value is around the 30,000–40,000 miles mark. Most bumper-to-bumper factory warranties expire at 36,000 miles or three years, whichever comes first. If you’re planning to resell your vehicle before that turning point, consider using a rental car.
Second, a rental car might save your own car from more maintenance and repairs. Especially if you have an older or finicky car, you may be nervous about going on a road trip that could potentially cost you thousands of dollars — while you’re in another state. Rental cars will be newer and much less likely to break down.
Third, a rental car might get much better mileage than your own car. Since a lot of people are using Uber or Lyft instead of using rental cars, the demand for rental cars has softened a bit, so you’ll find a higher demand for good deals for car rentals. Also, more and more companies are investing in cars with great mileage for their customers.
If you’re planning to use a rental car on your next road trip, make it even more affordable by joining AFEUSA and enjoying our exclusive Avis/Budget discounts! You will be quoted a special, member discount rate! (Rates are based on the type of car you want and the area where you rent. Discounts apply to weekly, daily, promotional, and holiday rates as well as some weekend rates.) Join our entrepreneur family today to start saving, whether it’s for your business or personal account.
Article by Charles Jackson, President of AFEUSA