Question:
Do rental car companies lease or purchase their cars from car manufacturers?
If leased, do they owe more on the lease than the value of the depreciated car?
All replies welcome.
Answers:
How much is your vehicle payment? mine is alot lol?
Rental car companies purchase cars from the manufacturer. The cars are titled in the name of the Rental Company. Depending on the model and Rental Company, the cars are usually sold to the public after about 36,000 miles.Where can I find out the value of my car?
I'm not sure it is the same for all companies, but I know for a fact at least one buys their cars. After the rental is used for a year or maybe more, the car is sold. The used rental cars sometimes end up on used car lots, so be careful. Carmax reports will show if the car ever was a rental car.2006 Honda Element .. you like?
purchased. and after a certain amount of miles a dealership will buy them...and certify them. some cars from rental companies they get pretty inexpensive. and the cars that dealerships rent out are also only rental cars that are purchased too...and they do the same thing, after about 12-36k miles they'll buy the vehicle and sell it on the lot. they're called track cars.More Questions & Answers ...
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