Rent to Own Vehicles

Sep 12, 2016 | Auto Buying, Borrowing and Credit

Rental Vehicles for Purchase

rental vehicles

If you’re in the market for a newer vehicle, don’t shy away from past rental vehicles (off-rental). While the unreliability of a rental vehicle is a common concern, the pros outweigh the cons. Rental companies like Enterprise in Omaha and Thrifty in North Platte often offer great deals. Centris Assistant Vice President of Indirect Lending, Rick Seamann, shares the upsides of purchasing an off-rental vehicle.

  • Attention to detail. If you have rented a car before, you know the rental car agent is there when you pick up the car and when you drop it off to inspect it and ensure quality. This attention to detail is far superior to your typical trade-in.
  • Scheduled maintenance. Maintenance is performed on schedule for all rental cars in the rental fleet. The rental companies have full service departments to keep track of the maintenance schedule and make sure the vehicles are inspected at the exact time required.
  • Variety. Rental companies usually stock the most popular sedans and economy vehicles from most manufactures. When a vehicle becomes a rental vehicle, the history report (CARFAX/AutoCheck) will validate its rental history. While many consumers shy away because of horror stories about how their friends or family treated a rental car on their last vacation, refer back to the aforementioned pros. These vehicles are inspected more often than typical consumer trade-ins ever will be.
  • Manufacturer’s warranty. Most off-rental vehicles have less than 50,000 miles and come with the remainder of the manufacturer’s warranty depending on the make. If anything is wrong with the mechanics of the vehicle, it will go directly to the manufacturer’s local dealership to be fixed for free. Make sure to get all the details from the dealership on the remaining factory warranty and have the vehicle inspected before purchase.

Off-rental vehicles can be great purchases. Always remember to do your research, have it inspected and ask for a vehicle history report. By doing your homework you can avoid purchasing someone else’s headache.