Rent Car Singapore Tips.
By Edmunds.com
Top 10 Car Rental Tips
By Warren Clarke, Automotive Content Editor
Remember when people rented cars mainly for the purpose of vacation
transportation? These days, things have changed. The car rental industry has
grown by leaps and bounds; the most current estimates available (for 2004) put
annual car rental revenue at a whopping $17.6 billion. Airport rentals have
historically been the main revenue driver, but that segment has remained
virtually flat over the past decade and a half; the industry’s growth is due
almost entirely to the explosion of the “home-city” rental market � renting from
a neighborhood location � which has snowballed from $2.5 billion in 1991 to
today’s $9.5 billion. Auto Rental News, the industry’s leading trade
publication, estimates that for the first time in the history of the industry,
home-city rental captured the lion’s share of the market in 2004, with 54
percent of total revenue.
Those renting from neighborhood locations do so for a host of reasons. Some need
an extra-large truck for that move across town. Some need a comfy hauler for a
cross-country family road trip or a weekend of furniture shopping. And others
crave a glamorous high-end cruiser for a fun-filled night out.
Whether you’re an airport renter or a home-city renter, we’ve got a list of tips
designed to help make your car rental experience as pain-free as possible for
your bank account.
1. Surf the Net. As is the case with many purchases, you’ll usually find the
best rates on the Internet. Shop around. Buying online will afford you the
luxury of seeing what rates look like on any vehicle your heart desires, without
the inconvenience of having a salesperson breathing down your neck. Also, many
companies offer special discounts to people who rent online. Rates will
obviously vary from company to company, depending on vehicle availability,
location and other factors. But rates aren’t the only variable to consider.
Consider hours of operation, for example; some companies may close earlier on
weekends. Depending on your schedule, this might be a crucial issue for you.
2. Go weekdays. Rates are typically cheaper on weekdays. At one company we
surveyed, you could rent car on a
weekend for $70 - 99. When we opted for a weekday rental, the figure plummeted
to a far more reasonable $50 - 99. If you’ve got some flexibility with your
rental arrangements, opt for weekeday rental. Your pocketbook will be eternally
grateful.
3. Rent car on a weekly basis does it. Weekend rates are great, but weekly rates
are usually the best of all. At one company we surveyed, a subcompact went for a
weekday rate of $56.99. That same car could be rented on a weekly basis for just
$252.99, a savings of more than 30 percent if you used the vehicle for all seven
days, and more than 10 percent if you returned it after five days. If you plan
on using the vehicle for five days or more, choose the weekly rate.
4. Think twice about insurance. When you rent car, you’ll be offered a collision
damage waiver (CDW) and a loss damage waiver (LDW). The first covers you in the
event of a collision, while the second covers any loss to the rental company.
Both kinds of coverage are a good idea, but not if they duplicate coverage
already included in your own insurance policy. Most insurance policies offer
liability coverage to protect you if you injure someone in an accident; some
also cover rental-car damage via comprehensive and collision coverage. Check
your policy or call your insurance agent to verify coverage before signing up
for a vehicle. If you’re renting the car with a credit card, your card provider
may pay for vehicle damages associated with an accident. Check with your card
company ahead of time to make sure.
There’s one caveat. The collision damage waiver covers “loss of use,” the charge
levied by the rental car company to cover its lost income when the vehicle is
out of service. In most states, auto insurance policies don’t cover this loss,
so if you have an accident, you may wind up having to pay this charge out of
your own pocket. The states in which loss of use is covered in car insurance
policies are: Alaska, Connecticut, Louisiana, Minnesota, New York, North Dakota,
Rhode Island and Texas. Unless you live in one of these states, the waiver may
be a good idea.
5. Book early. It’s not just a click; the early bird really does get the worm,
and he usually gets it much cheaper than everyone else. Rates depend on how many
vehicles the company has on the lot at the time the rental is made, so sooner is
better. Reserve your car at least a week in advance.
6. Think twice about prepaid gas. Typically, rent car have two choices when it
comes to fuel: You can pay for a full tank of gas in advance and bring the
vehicle back empty (or less than full), or you can opt to refuel it yourself
just before returning it. Rent car companies suggest that paying in advance will
add convenience and that the low rates offered will save you money. Well,
they’re right on the first part but wrong on the second. Paying in advance is an
added convenience; if you want to save yourself the hassle of a trip to the gas
station or avoid a last-minute rush when you’re trying to make a plane, pay
away. But unless you plan on using the entire tank of gas, prepaying will cause
you to pay for more fuel than you’ve actually consumed. From a financial
standpoint, prepaying is a bad idea unless you’re absolutely certain that you’ll
use the full tank.
7. Be careful of upgrades to larger vehicles. Sometimes, rental car companies
will offer free upgrades to larger vehicles. They do this mainly because
compacts tend to be in high demand. This sort of upgrade may seem like a great
deal for you, the renter. If having a larger vehicle will genuinely enhance your
rental experience, then take the upgrade. But if you have no real need for the
extra space, it’s cheaper to decline. Larger vehicles burn more gas, so that
“free” upgrade isn’t really free � you’ll wind up paying for it at the pump.
8. Steer clear of airport pickups. Picking up a rental car at the airport can be
more expensive due to taxes and fees. Try looking at nearby neighborhood
locations to save money. A recent Travelocity study showed that renting at an
airport costs more than 11.5 percent more on average than renting at a
neighborhood location. Texas airports were the chief offenders, but airports in
states like Arizona, Ohio, Maryland, Missouri and New Mexico also cost renters
more in taxes and fees.
9. Got kids? Seat ‘em yourself. If you’re traveling with a little one, you can
save yourself some coin by bringing your own child safety seat. One rental
company we surveyed charged almost $10 per day for child safety seat rental.
Obviously, this can tack a significant amount onto your car rental expenses, so
if you’re able to, bring your own child safety seat. If you’re renting a
minivan, though, know that some rental minivans include integrated child safety
seats at no extra cost.
10. Join the club. Many of the larger companies offer club membership in which
members pay a yearly fee in exchange for certain perks and privileges. These
clubs can save you money with benefits like free rental days and airline miles,
but you’ll likely only see savings if you’re a frequent renter. If you fall into
this category and use rental vehicles more than occasionally, go clubbing.
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