Originally Posted by StephanieMKE
My boyfriend is coming from England for 1 month and I'm looking for the best option in making a car available to him while I'm at work full time. What is the best option in this situation? Is there a place to rent cars longterm for a reasonable price? Should I buy a car and resell it? Is there a good place to advertise my situation and find a local person willing to rent out a spare car to me? Any advice would be wonderful!
Whatever you do don't buy and re-sell a car for a one month period. I'm an expert in rental cars. Maybe not the guru
but I have played just about every game, discount, and rental strategy in the book. Renting cars twice a week for years, helped me fine-tune my strategies.
Rental car prices can vary by huge figures overnight, and sometimes by the hour of pickup and drop off. Search for a one month rental and see what you can do. Switch the days and hours around a few times to see if the price changes appreciably. I usually use Orbitz or Hotwire to find out base rental rates for a certain period, then sometimes I just go with the rental car company directly because the rates are the same (or less). Rental cars are hard to figure out, but you can find cheap rates from Budget, when Avis is renting the same car for twice the price for the same period of time.
My guess is, the rate will be much cheaper if you rent a car multiple times over one month, maybe for a week or two at a time. It's usually a special rate to rent for a week, and you could probably extend that to two weeks. But the monthly rates vary greatly, and you may end up getting ripped off, when you could rent two or three cars for shorter periods, for a fraction of the cost.
Another thing which you already probably know: Rent the car using a credit card that extends rental car insurance. The daily insurance rate at most rental agencies is obnoxious. And I'm doubtful that any existing car policy would cover the rental car, unless you rent it for him, and already have a car yourself. Even then, you will have to pay extra for the additional driver--at least in some states. So consider these other hidden costs before renting.
In terms of price, what is your budget? If you budget $20-22/day for a rental car, you should be able to hit that target without much searching (including tax). If you are lucky, you might get less than that. If it was Las Vegas, I would recommend not spending more than $12/day. But any way you cut it, buying a car and selling it is probably much more risky financially than renting a brand new car.
Finally, rental cars are almost always negotiable. If you get a price that is close to your target price, see if the agency will rent it to you for less. Often they will, and also see if they will extend the special rate for the full month so you don't have to mess around.