- This topic is empty.
-
AuthorPosts
-
Rachel
Looking at selling my car and replacing it with a hoopty, which would put me debt free by Christmas. What is everyone’s opinion of a vehicle that used to be a rental? Pros? Cons? (Ps, I don’t drive that much or that far).
ShannonI bought a rental return. It’s in great shape. And I bought it used so I didn’t take the hit on the depreciation. Got a 2021 Chevy Equinox with 30,000 miles for $24,000
TawnyaI didn’t but from a rental place but I bought a dealer car- 2011 Ford Escape. I bought it in 2012 and was worried that in one year, it had 37,000 miles on it. It’s been the best vehicle and most reliable vehicle I’ve ever had.
MichaelIf you buy directly from the rental car company, it will only be 1-2 years old and probably more than what you have now. If you buy an older one, it’s just another used car with unknown history.
TawnyaIn 2012, we bought a rental 2010 Hyundai Elantra. We literally never had any repairs on that car until it had 250k+ miles on it, just maintenance, so our experience was excellent.
MichaelPros are that the maintenance is done regularly since it’s a fleet car. I’ve owned a couple that used to be rentals and didn’t have an issue.
TawnyaRentals usually have very on-time oil changes, like every 2k or 3k. And everything usually works on them with no hidden dashboard lights or obscured problems. People used to say that rentals have been driven hard. Well, if you live in a large city like I do, you will see that many people drive their own personal vehicle awful. I’d trust a rental more than I would a private sale these days. At least you don’t have to worry about the ads that say “little senior lady owned it” which never is the truth, and “there’s nothing wrong with it” which is almost always not true, and then the posting of the photos from when they first acquired the car, several years earlier, rather than a true current condition photo of it. I’d say Go For It.
Michael(BS7) Rentals generally get timely maintenance, but are driven by many different people and often driven hard.
I would pay less for a rental car vs. a one owner car. Not sure how much less because I’ve never bought one, but in the past I’ve just kept looking I stead’s off looking at a rental.
-
AuthorPosts
Related Topics:
- Is anybody here investing in vacation properties? Pros & Cons
- Second home vs. market investment: pros and cons?
- I'm looking for some advice with my rental property
- Would anyone say its worth it to pay off your house mortgage if you could? Pros and cons?
- What are the pros and cons of a Vanguard fund versus a American fund for a 529?
- My husband and I are trying to weight pros and cons of selling our house
No related posts.