Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: PSUEngineerFool Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 71323  
Subject: Buying rental cars Date: 4/21/1998 1:03 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I have had luck in the past buying a rental car. I had the car, a Ford Tempo, more than 5 years and put over 80,000 miles on it myself.

The positive aspect about this is you are getting a low mileage vehicle (10K-18K) that is 6 to 13 months old. Normally you will all maintenance records and you know they changed the oil every 3000 miles. The risk is you get a vehicle that may have been driven harder and have more wear and tear on the suspension.

You can usually get these cars a little over wholesale since the rental company would prefer not taking the car to auction.

Buying this way, you can get a vehicle that is less than 1 year old and save several thousand dollars over a new vehicle. And if something is wrong, you still have 20,000 to 25,000 miles left on the manufacturer's warranty to fix the problem.

Is this a Foolish way to buy vehicles?
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next

Announcements

Beware Flood-Damaged Cars
Know what you are getting, don't get stuck with a Katrina victim. Check these links before you buy.
Disclaimer - Please Read
A message about professional advice.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Value Hounds

Considerable Headwinds for Profire Energy?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement