Car rental prices up 55%, tips to save money

If you are renting a car or truck this Fourth of July holiday break weekend, or for a summer months trip, prices are soaring. And some rental companies are charging hundreds in deposits.

Rental car charges arrived at an all-time superior in July 2021 throughout the rental automobile scarcity. But that scarcity just isn’t around, and travel web-site Kayak suggests rental car price ranges are up 55%.

Associated: Rental automobile lack driving up prices, earning automobiles scarce

“Rental car or truck availability has eased up a little in the parts that we were observing significant issues previous calendar year, like Hawaii and Florida,” stated Jonathan Weinberg, CEO of AutoSlash.com.

“But the dilemma has moved to a particular diploma to other regions, particularly all-around the Countrywide Parks, like Bozeman, Montana, and Glacier Nationwide Park,” he claimed.

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Plus numerous rental companies will inquire for a deposit or set a maintain on your credit score card, to address any probable harm or incidentals.

“Ordinarily the rental car or truck businesses will demand anywhere from $150 to $500 a day for a deposit. Debit card renters can assume to shell out on the bigger side,” defined Weinberg.

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To help save on auto rentals, industry experts say guide early, employing price tag comparison web-sites this sort of as AutoSlash, CarRentals.com, Expedia, Kayak, Orbitz, or Travelocity.  

Nerdwallet suggests renting from company areas in the metropolis, which are up to 26% more affordable than leasing at the airport.

“Get advantage of all the special discounts and coupon codes that are readily available to you. Rental firms give significant bargains to Costco members, AAA associates, AARP,” claimed Weinberg.

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

“We enable you know when prices drop, so you can terminate and rebook any time a far better offer will come together,” reported Weinberg.

Associated: Rental scams on the increase in Houston as rent premiums soar

Most automobile insurance coverage insurance policies go over the driver for rental automobiles, as do numerous credit score cards, so you never have to buy the rental agency’s insurance plan.

And never pre-pay for gasoline if the selling price per gallon is additional than you would fork out at a regional gas station.

You can also assess selling prices with rideshare organizations, these as Avail, HyreCar, Lyft, Uber, Turo, and Zipcar.