But there are some consumers who forego these benefits and steer clear of daily rentals. Condition: Many drivers have driven the vehicle, with unknown driving styles. History: Many rental companies are self-insured therefore vehicles in their fleet that are involved in collisions are repaired by the rental company.
Because of this the accident history of a daily rental may not show up on a vehicle history search like CarProof or AutoCheck. But, because the history of a former daily rental may not be determined when buying a former daily rental — that an inspection may be wise. Note: Under the Motor Vehicle Dealers Act, a dealer is obligated to disclose if a car was a former rental unless subsequently owned by a non-dealer.
Consumers have up to 90 days from the date of delivery to cancel a contract if the dealer fails to make this disclosure. Follow Us:. Dealer disclosures about used cars. OMVIC ad targets millennials. Cops cuff car buyers using fake ID. Buying online? Take extra time.
Protect yourself. Read these important car-buying tips before you sign! Keywords Phrase. Buying a Rental Car? What You Need to Know. Trackback Print. There is of course an element of risk involved in buying any used car, and former rentals are no exception. The same guidelines apply: You'll want a full service history. A Carfax or CarProof report can uncover any untold history, accidents or major maintenance. An inspection is imperative, and will help to reveal how it's been maintained and driven.
In the hunt for a low-priced used car, don't overlook ex-rentals. As long as you've checked that it's mechanically sound, and it has low mileage and a warranty, the only downside of buying an ex-rental may be the negative impact on the resale value.
If you find a good deal that you intend to keep for the long haul, then it is a viable alternative. E-Mail Ask Joanne at globedrive globeandmail. Follow us on Twitter: globedrive Opens in a new window. Report an error. Editorial code of conduct. Skip to main content.
Joanne Will. Special to The Globe and Mail. As the purchase is earlier than most other required services are due you should be okay. Having worked for a rental company in a past life, I would never buy an ex-rental. My reading of history convinces me that most bad government results from too much government. Giant Talon 29 "hardtail". Quote from: mrthompson on April 13, , pm. Virtually every used car that is only 1 year old or less is an ex-rental.
Where else would they come from? And those are traded in because the owner usually had some ongoing problem. Is that the type of car everyone is looking for, a nice one owner trade that had a service gremlin that couldn't be fixed?
Anybody that has read forums like this knows that the likelihood of trading in a car less than a year old and coming out in good financial shape is between slim and none. Virtually nobody does that. The fear of rentals is based mostly on urban legend and ideas of cars spending years and many kms at the hands of crazed teenage drivers.
Typically the ex-rentals that we buy have less than 8 mos of service and kms would be considered very high. Most are in the km range.
I'd say 1 in 20 customers express a concern about a used car being an ex-rental. But they quickly understand that if they want a car with kms for thousands less than a brand new one, there is no other way to get one. And for those very few that are really freaked out about ex-rentals, we just sell them a brand new one.
They have a strict oil change policy 8k miles which helps with warranty concerns. When it comes to resale rentals; "don't ask, don't tell". I will also add that vehicles with simple transmission selectors like found in the Escape and Impala seem to be a safer bet than vehicles equipped with the flappy paddles.
The Escape and the Impala, two really high volume Enterprise resales, have simple 2 selection transmissions; D or L. Consequently, renters have nil incentive to mess with self shifting. On the other hand, cars like the Malibu have the flappys and renters like to play with these things and are brutal. I'd avoid vehicles with these.
Uh no, after driving a few rentals and hearing stories After reading how some of us drive rentals, no.
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