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10 Ways to Save on Your Next Car Rental

It’s that time of year again. The sun is shining, weather is warm, and the beach is calling your name. This is the time of year when Americans take vacations and decide to get away for relaxation and fun. For many, car rentals will be a part of their vacation and travel expenses. Luckily, there are some ways you can cut down on the cost for your car rental. 

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Book as Early as Possible

Just as with booking a hotel room or other vacation expense, the earlier you book the more likely you are to get a better rate. When it comes to booking a car rental, there is no difference. If you are able to find a better rate after you book the first rental, you can always cancel and go with the better rate. Which brings me to point number two…

Keep Looking

Even though you booked your car rental, keep looking to see if rates have gone down or there are better prices elsewhere. You can use the website Autoslash.com to keep checking for lower prices or coupons up until the date of your departure. Autoslash.com works one of two ways. First, the site allows you to track the price of a booked rental elsewhere or you can use the site directly to book your rental. Autoslash.com works with Payless, Sixt, and E-Z Rent-a-Car and automatically applies any discounts it has located to your rental (Higgins, 2012).

Search for Discounts

Many companies have deals with car rental companies. Check with your employer or the rental company you are using to see if they offer a discount for employees. Also organizations you may be a part of such as AAA, Costco, mileage programs, or credit card companies may offer special deals (Co, 2013). Lastly, look online for special promotion or discount codes.

Brand Name Is Not Always Best

While you may be more familiar with popular rental car companies such as Avis or Budget, these companies may not be the best alternative if you’re looking to save money. Lesser known rental companies such as Payless, Sixt, or Fox Rent a Car, can go a long way in saving money on the cost of renting a car.

Related article: How to Get Cheap Car Insurance

Check With Your Insurance Company

10 Ways to Save on Your Next Car Rental

Many car rental agencies offer you insurance that is added onto the daily charges for the rental car. However, often times this insurance is not needed because most car insurance includes coverage of rental cars. Double check your insurance policy or with your insurance agent, if needed, to make sure this is the case with your insurance.

Avoid the Airports When Possible

Picking up a rental car from an airport is more expensive then picking it up from a separate location. It’s cheaper to pick up a rental from a location outside of the airport. However, you must also factor in additional travel time and hassle to get to and from the rental place. It may not be worth the money saved if you have to pay additional taxi fees for travel between the airport and the car rental company.

Book the Car For Longer Than You Will Need

By adding on an extra day of a few hours to your rental over a weekend can actually qualify you for a lower rate. By doing it this way, you are “tricking” the system into thinking you’re booking a two day weekend rental, which qualifies for a lower rate (Higgins, 2012). You can still return the car at the time you originally planned, but this way you still get the lower rate. Furthermore, if you are running behind schedule, extend your vacation for a day or simply decide to take your time, returning the car later than planned won’t cause you extra fees.

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Prepay

Not only can booking your rental car ahead of time save money, but paying ahead can save money as well. While paying in advance can save money, you will most likely be subject to cancellation fees, so if you are not set on your vacation this may not be the right option for you. Otherwise, if your vacation has been booked, paying ahead for the rental has its benefits.

Bring Your Own GPS

Nowadays car rental companies will offer vehicles equipped with a GPS, which may be helpful, but can cost up to an additional $20 a day (Co, 2013). The smarter and thriftier option is to just bring your own. If you don’t already own a GPS it may be in your best interest to invest in one, as it can come in handy not only for the one trip, but in your own vehicle as well.

Negotiate

10 Ways to Save on Your Next Car Rental

Even though you booked your rental already, you can still call the company you booked with or stop by and ask if a better deal is possible. If a better price is not available, a vehicle upgrade may still be possible, for the same price as a compact vehicle (Higgins, 2012). Remember, it never hurts to ask.

When it comes to vacation and traveling, expenses can add up quickly. It’s advisable to look for deals when and where possible. Deals and discounts on car rentals are available for just a little extra effort.

Photo credit: ©iStock.com/g-stockstudio, ©iStock.com/deimagine, ©iStock.com/BraunS

Tiffany Patterson Tiffany Patterson has a BA in Political Science from Temple University and an MBA from La Salle University Business School with a concentration in Finance. She is an expert on topics including home buying, life insurance and credit cards. She believes how we treat our finances can have a lasting impact on our lives for years to come. Tiffany loves researching and writing on topics that will help readers lead better lives.
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