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Car Rental ... Picking the Best Car for You: Subcompact

Overview and Introduction

In the past people rented cars mainly for the purpose of vacation transportation but these days things are different. The car rental industry has grown substantially over the last few years and is now at incredible annual revenue of over seventeen billion. Airport rentals which were made up mainly of business and vacation travel users has been a fairly flat market over recent years but what has grown is the home city rental market. This is the market that has shown a tremendous growth.

Various Reasons for Car Rental

Statistics show that the home city rental market not only has grown because people now rent vehicles for moving but also to pick up furniture and other items as well as just for leisure and fun. The main reason that the local home city rental market is doing so well is from insurance rental use. When someone has been in an accident and they need repair work done, the insurance company will pay for a user car for the duration of the time that it takes for the repair to be done. Statistics show that this is the main driving force of this change in the industry.





Insurance Companies, Insurance Claims and Car Rental

When an insurance company replaces the car that is being repaired they want to go with the lowest cost vehicle that they can. Insurance companies and car rental agencies have agreements for a pre-arranged number of vehicles per year based on their statistics of past history in that particular area. The most affordable cars to lease would be subcompacts or compact cars so car rental agencies will have a lot of these vehicles available.

The Benefits of Subcompacts

Subcompact cars are also very popular for most people because not only is the rate less than the larger cars but also with gas prices as high as they are today, they are more economical to operate.

Weekend Rates and Car Rental

Weekend rates on a subcompact are really good but weekly rates are even better. A recent survey showed that the same car that went for a weekday rate of around fifty-seven dollars could be rented on a weekly basis for just around two hundred and fifty dollars or a savings of more than thirty percent.

 


    
 
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