Yes, we know everyone is getting fed up with all the bad news about how prices for everything are spiralling. The holiday season is here, and so are the dreams to book that bucket list trip we have been dreaming of forever. Before you book your next holiday, you should know that car hire costs are going through the roof. In this post, I’ll share tips on saving on rental cars and avoiding the worst.
Analysis suggests that car hire rates in many popular European destinations have at least doubled in the past 12 months. This happened because many car hire firms sold off vehicles during the COVID-19 pandemic to keep their overheads down while business flatlined. As the covid situation has come under control and people started travelling again, the need for car rentals has increased. Unfortunately, the number of cars available for rental is still low — there is more demand and less supply, which is why car hire has become so expensive. Add the soaring petrol prices on top of that.
Of course, with the cost of living pressures putting the squeeze on people in so many other areas, the last thing you want is anything that will push up the cost of your next holiday.
In an ideal world, you would say avoid hiring a car. But that only works for some. You may have a young family and want the convenience of getting around quickly and independently. You may be heading somewhere remote where public transport options aren’t great, or you may be on a road trip with your family or friends. In that case, car rental is the only option left.
Whatever your reasons for wanting to hire a car, it makes sense to start planning how to keep costs down now. Here are some tips on how to save on rental cars.
Book early and pay in advance for your rental car
The days of rocking up at a car hire desk straight off the plane are over. Well, at least if you want to avoid paying well over the odds, they are. Whether it is Hertz, Enterprise, Avis or any other budget car rental firm, know that anyone walking up to a desk looking to hire a car is a captive audience. You need a car; they have all the power. Don’t expect any deal.
If you want to find the best deals on car hire these days, you can’t afford to leave booking online for a few days or even a couple of weeks before you depart. The competitive early bird markets are being pushed further and further back. So as soon as you confirm your trip, get online and start looking for car hire deals.
Although it flies in the face of most money-saving advice, it’s also a good idea to pay for your car hire in advance in the current climate. That’s because there have been stories of hire firms cancelling pay-on-arrival agreements. After all, they know they can get a better price last minute. Look for deals that ask for at least a deposit to be paid to lock in the price.
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