Advertisement If you’re hitting the road to visit family or planning a vacation this holiday season, here’s how to hit the road without hemorrhaging cash.
Rent away from the airport: Agencies located near the airport often hike up your price from 30 percent to 70 percent. Seek an off-site agency; many provide a free shuttle service to and from the airport.
Snag a free upgrade: Travel in style without coughing up tons of cash: Pick an economy-sized model at a time when the agency has a low inventory, like Saturday afternoon, or Tuesdays and Wednesdays, when business travel peaks. You also can upgrade if the agency has too many cars. Say, “We’d love one of those ... do you have a better rate?”
Sidestep insurance traps: Most agencies sell insurance that, for around $9-19 per day, covers you from collision to car theft. But you could be blowing your money on a safeguard you own already (see insurance info below).
Watch out for restrictions: Be warned: Your own car insurance probably won’t protect you outside of the U.S., and most credit cards will pay for damage to your vehicle but not someone else’s in an accident. Coverage might also be compromised if you are in a country with high theft rates, rent past a certain time limit or pick a flashy ride. Tell your car insurance or credit card company where you’re going, for how long, and what you’re renting.
Document damages ASAP: Take digital photos or camcorder documentation of the car on the lot. This provides proof of the vehicle’s condition if they blame pre-existing scratches and dents on you. While this is less likely to occur with large companies, check with the Better Business Bureau (BBB.org) for complaints. If traveling abroad, use a company with a presence in the U.S.; they’ll likely be more responsive.
Fill ’er up: Hit a gas station before you return the car-rental agencies may end up charging you an additional $5-7 per gallon for the missing fuel. Some companies allow you to prepay for a full tank of gas at a lower rate, but budget time to fill your tank at the end and you’ll actually save more.
Insurance: do you need it?
CDW (Collision Damage Waiver): Also known as LDW (Loss Damage Waiver) or PDW (Physical Damage Waiver), this insurance covers you in case your rental car is damaged or stolen. May already be covered by your own car insurance or credit card.
LIS (Liability Insurance Supplement): Covers damage to another car or person if you get in an accident. May already be covered by your own car insurance.
PAI (Personal Accident Insurance): Covers your medical expenses in case of an accident. May already be covered by your health insurance.
PEC (Personal Effects Coverage): Covers you in case anything is lost or stolen from your car. May already be covered by your homeowner’s or renter’s insurance.
