By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Next Gen Econ
  • Home
  • News
  • Personal Finance
    • Credit Cards
    • Loans
    • Banking
    • Retirement
    • Taxes
  • Debt
  • Homes
  • Business
  • More
    • Investing
    • Newsletter
Reading: Is Buying A Rental Car A Good Idea?
Share
Subscribe To Alerts
Next Gen Econ Next Gen Econ
Font ResizerAa
  • Personal Finance
  • Credit Cards
  • Loans
  • Investing
  • Business
  • Debt
  • Homes
Search
  • Home
  • News
  • Personal Finance
    • Credit Cards
    • Loans
    • Banking
    • Retirement
    • Taxes
  • Debt
  • Homes
  • Business
  • More
    • Investing
    • Newsletter
Follow US
Copyright © 2014-2023 Ruby Theme Ltd. All Rights Reserved.
Next Gen Econ > Homes > Is Buying A Rental Car A Good Idea?
Homes

Is Buying A Rental Car A Good Idea?

NGEC By NGEC Last updated: December 17, 2025 7 Min Read
SHARE

Most drivers only interact with a rental car on vacations or time away — and for many, they can also be a means to getting a vehicle of their own.

While rental cars go through many drivers, they also typically have thorough maintenance records and a low price tag. But before you drive off the lot, consider the pros and cons of buying a rental car.

Are rental cars good to buy?

Rental cars have a reputation for being worn out. But there is no guarantee any used car you buy hasn’t been abused in the same way unless you personally know its history.

Pros and cons of buying a rental car

Pros

  • Warranties: Rental cars often come with a warranty of about one year — even cars that no longer qualify for the original manufacturer’s warranty.
  • Buy-back policies: Rental car chains may offer a buy-back policy if you change your mind shortly after the sale.
  • Well-maintained vehicles: The rental car company should have kept the vehicle maintained and cleaned after every driver. So even with more wear and tear present on your potential car, it has still been checked up on much more than the average used vehicle.

Cons

  • High mileage: Frequent drivers and long trips may outweigh frequent maintenance. Sky-high mileage accrued by renters could potentially mean more problems or a shorter lifespan for your vehicle.
  • Limited options: Buying a rental means a much more limited inventory available to shop. If the rental car company does not have the vehicle you want in stock, you’re out of luck.
  • Basic features: The vehicles available do not typically come with all the bells and whistles some drivers seek. Many are basic models lacking the luxury amenities other used cars might have.

How to buy a rental car

Just as if you were purchasing any other new or used vehicle, buying a rental requires some homework ahead of time.

Budget

Understand how much you can truly afford and the best financing options for your budget. Any company that finances used cars should finance a rental car (so long as it meets mileage requirements). Rates for a used car sat at an average of 11.40% in the third quarter of 2025, according to Experian.

But keep in mind that the true cost of your vehicle is much more than just the price you see advertised online. Check websites like Edmunds and Kelley Blue Book (KBB). Both have breakdowns of expected maintenance and repair costs for a wide variety of vehicles.

Compare cars

The best resources for looking into rental cars for sale are Enterprise, Avis and Hertz. Simply go to their websites and see what they have available in your area.

Again, Edmunds and KBB can be a good guide. They can show you average prices in your area for the vehicles you are interested in. This way, you can be sure the used car company is offering a good deal. And because rental cars have more wear and tear, see if you can go lower than the average to make up for potentially higher maintenance costs down the road.

Get preapproved

Once you have a vehicle in mind, apply for preapproved financing. Many rental companies will offer financing options. But it is always smart to shop around so you know you’re getting the best auto loan rates available.

Preapproval also allows you to budget more accurately. Once you know your budget and monthly payment, you can get a car loan that fits your finances.

Inspect the vehicle

If you can, take a test drive and see the car in person. Then seek out the vehicle history report. This will give you insight into any damage incurred, previous ownership and some details about what’s under the hood.

Because rental cars see a lot of drivers, they rack up many miles. Get a used car inspection from a trusted mechanic before you buy. Along with the vehicle history report, this will give you a full idea of how hard the car has been driven during its time as a rental.

Check the warranty

Finally, ask if the vehicle has any kind of warranty — many can come with the manufacturer’s warranty, and you may be able to get additional protections from the rental company.

An extended warranty may be a good idea even if your vehicle is still covered by a manufacturer warranty. Extended warranties cover more common repairs and maintenance needs. But they are an extra cost, so be sure you know what it covers and if it makes sense before you sign up.

The bottom line

If you settle on a used rental car, research typical vehicle pricing, run a vehicle history report and check out the fine print when looking at rental vehicle websites — many offer special deals or buy-back options. And, as with any used car, getting the vehicle signed off on by an independent mechanic can give you extra peace of mind.

Did you find this page helpful?

Why we ask for feedback
Your feedback helps us improve our content and services. It takes less than a minute to
complete.

Your responses are anonymous and will only be used for improving our website.

Help us improve our content


Thank you for your
feedback!

Your input helps us improve our
content and services.

Read the full article here

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Philadelphia Seniors Are Receiving Incorrect Waste‑Management Bills
Next Article Consciousness Raising While Christmas Shopping
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FacebookLike
TwitterFollow
PinterestPin
InstagramFollow
TiktokFollow
Google NewsFollow
Most Popular
A New Wave of Phone Fraud Is Targeting Older Adults
December 17, 2025
5 Social Security Calculations That Change After New Year’s
December 17, 2025
BNPL vs Credit Cards: Which Holiday Payment Option Costs You More In The New Year?
December 16, 2025
10 January Fees That Hit Seniors Harder Than Anyone Else
December 16, 2025
Some Banks Are Raising Minimum Balance Requirements Without Warning
December 16, 2025
New Residents in Senior Communities Are Being Charged Seasonal “Move‑In Fees”
December 16, 2025

You Might Also Like

Homes

There’s Still A Nationwide Shortage Of Homes  —  So Why Are Sellers Getting Desperate In Some Places?

10 Min Read
Homes

Fewer Americans Expect Financial Improvement In 2026, Survey Finds

9 Min Read
Homes

How To Choose A Credit Card For No Credit History

9 Min Read
Homes

When did Christmas cheer get so pushy? How to get offline and save your money |

8 Min Read

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Next Gen Econ

Next Gen Econ is your one-stop website for the latest finance news, updates and tips, follow us for more daily updates.

Latest News

  • Small Business
  • Debt
  • Investments
  • Personal Finance

Resouce

  • Privacy Policy
  • Terms of use
  • Newsletter
  • Contact

Daily Newsletter

Subscribe to our newsletter to get our newest articles instantly!
Get Daily Updates
Welcome Back!

Sign in to your account

Lost your password?