Car rental prices up 55%, tips to save money

HOUSTON – If you are renting a car or truck this Fourth of July holiday getaway weekend, or for a summer season excursion, prices are soaring. And some rental companies are charging hundreds in deposits.

Rental car costs attained an all-time significant in July 2021 in the course of the rental automobile lack. But that lack is not about, and journey internet site Kayak claims rental car or truck rates are up 55%.

Linked: Rental car or truck shortage driving up prices, making vehicles scarce

“Rental auto availability has eased up a tiny in the parts that we were being looking at huge challenges last year, like Hawaii and Florida,” explained Jonathan Weinberg, CEO of AutoSlash.com.

“But the issue has moved to a selected diploma to other locations, particularly about the National Parks, like Bozeman, Montana, and Glacier National Park,” he reported.

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In addition quite a few rental organizations will request for a deposit or set a maintain on your credit history card, to deal with any likely problems or incidentals.

“Ordinarily the rental vehicle companies will charge wherever from $150 to $500 a working day for a deposit. Debit card renters can hope to shell out on the larger side,” stated Weinberg.

Connected: Extra men and women earning funds leasing out their autos

To preserve on automobile rentals, gurus say ebook early, employing price comparison web pages such as AutoSlash, CarRentals.com, Expedia, Kayak, Orbitz, or Travelocity.  

Nerdwallet suggests renting from company destinations in the town, which are up to 26% less costly than renting at the airport.

“Acquire edge of all the bargains and coupon codes that are accessible to you. Rental firms give significant special discounts to Costco associates, AAA members, AARP,” stated Weinberg.

You can keep an eye on your reservation for a cost fall, or let AutoSlash do it for you.

“We enable you know when costs fall, so you can cancel and rebook any time a far better offer arrives together,” claimed Weinberg.

Related: Rental cons on the rise in Houston as lease charges soar

Most vehicle insurance policies policies deal with the driver for rental automobiles, as do lots of credit rating playing cards, so you don’t have to purchase the rental agency’s insurance.

And don’t pre-fork out for gasoline if the selling price for every gallon is far more than you’d pay at a neighborhood gasoline station.

You can also examine selling prices with rideshare firms, such as Avail, HyreCar, Lyft, Uber, Turo, and Zipcar.