There are several ways to save money when buying a used car. One of the best is by buying a used car from a car rental agency. However there are several advantages and disadvantages to doing this. Here are just a few:
Advantages
The buyer of the vehicle knows where it came from. Often times you never know where the car you bought at the dealership came from or what it was used for.
The price of a used rental car is generally much less than the price of a typical used car from a dealership. Some rental agencies buy new vehicles every year which means that their old fleet will still have its factory warranty. This could save you thousands when buying a used vehicle as many of them are typically bought “as-is”.
Disadvantages
Although you do know what the car has been used for, there’s never really any way of knowing exactly how the car was treated each and every time it was rented out. Often times there might be tears in the fabric or even small dents from fender benders.
The mechanical soundness of the rental car may not be what you thin it is. These cars are typically driven up to 300 miles per week. Even only being a year old, this could have significant impact on the quality of the engine.
Whether you decide to buy a used rental car, make sure you have the facts, Do your homework and take the car to a mechanic before signing on the dotted line.