Quote:
Originally Posted by rmay635703
Why are car rentals advertised for $6 a day but the cheapest is always $77?
|
Two questions there. The first is why isn't the advertised rate the actual rate. That is pretty much unique to the USA were companies are not required to advertise the real price inclusive of all taxes and mandatory fees.
Why are car rentals so expensive right now? You may remember a few years back when rental companies were teetering on the brink of bankruptcy as the world shut down and people stopped travelling. Rental companies dumped cars at a loss and took on a huge amount of debt just to keep out of bankruptcy. Then they took on more loans to buy back inventory when travel took off again at the same time there was a shortage of new cars and car prices were crazy. Rental companies are a business and those loans must be repaid.
Then there are greatly increased labor costs as people decided their had a new minimum value.
Then there is simply supply and demand. People are travelling like crazy. Airports are full, planes are packed, and people are renting cars. Car rentals are 10% higher today than they were in 2019.