Rental
cars
Spring break puts many families in mind of a vacation,
and rental cars are often a part of that happy picture.
Still, it pays to remember that the contract the
rental company asks you to sign at the counter is
a legal contract. Make sure that you read and understand
the terms. The contract should clearly list the base
rate for the rental car, any extra fees, and the
length of the rental period.
Are you guaranteed a car if you have confirmed reservations?
Not necessarily. First, you must have a valid driver’s
license. In several states, major car rental companies
have electronic links to government computers where
they can quickly obtain driver records (motor vehicle
reports) when someone wants to rent a car. They may
refuse a rental contract if the applicant has too
many violations on his or her record. Some major
rental and leasing companies also require that customers
have a major credit card and be at least 18 years
old; some consider only credit card holders aged
25 or older. The company might waive the age requirement
if you have an account number in your name through
a motor club or other association or if you have
a rental account through your business.
You also should be aware that discounts are available
through so many bodies—professional organizations,
unions, frequent-flier clubs, etc.—that many
people seldom pay the full price for their rental
cars. When you pick up your car, it may be possible
to negotiate for an upgrade to a better car.
But what the rental agency can give, it also can
take away by charging for “extras.” Additional
fees might include drop-off fees that will apply
if you pick up and return the car in different locations.
There may also be fuel charges, extra mileage fees,
and fees for renting equipment such as child safety
seats or ski racks.
The company is almost certain to offer you the Collision
Damage Waiver (CDW) option.
If you agree to an extra
charge, the rental company will cover damage to
your rental car. However, that coverage usually
does not include personal injuries or personal
property damage. Before accepting this option,
make sure your own automobile, medical, and homeowner’s insurance
policies would not already protect you in an accident
involving a rented car. (Hint: If those policies
don’t protect you, talk to your insurance broker
because this is standard coverage, although your
own policy’s deductible may be higher than
that offered by the CDW.) Coverage outside the
United States is not standard, but your credit
card nevertheless may offer insurance that does
apply outside the country. Finally, check with
your credit card company to see if using your card
to rent a car comes with any insurance benefits
and find out what they are.
When you accept your rental car, carefully check
it for damage and note any damage on the rental agreement
before you drive off the lot. And, enjoy your vacation!
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