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Purchasing Rental & Program Vehicles

188 messages,  Last post on May 17, 2009 at 10:54 AM

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What is this discussion about? Car Buying


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#159 of 188
Before you buy a rental... by oldfarmer50
Oct 27, 2007 (2:53 am)
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...go to You Tube and watch "2007 Mitsubishi Eclipse off Road Adventure"
#160 of 188
Re: Before you buy a rental... [oldfarmer50] by oldfarmer50
Oct 27, 2007 (4:04 pm)
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Replying to: oldfarmer50 (Oct 27, 2007 2:53 am)

CORRECTION: Go watch any video under "rental cars". God, I wanted to slap some of those kids!
#161 of 188
Re: Enterprise - Any other experiences out there??? [metro123] by nthe
Nov 27, 2007 (9:21 am)
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Replying to: metro123 (Aug 17, 2007 5:20 pm)

"I've never been a fan of purchasing former rentals. I've seen too many people abuse rental cars while they have them and return them back with a smirk on their face."
 
just watch the first "jackass" to learn more about this.
#162 of 188
Re: Enterprise - Any other experiences out there??? [metro123] by nthe
Nov 27, 2007 (9:30 am)
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Replying to: metro123 (Aug 18, 2007 6:24 am)

"That's why I tout certified cars...they are held to higher standards. "
 
for the most part, this is a myth. honda, toyota, ford etc want you to THINK they are held to a higher standard, but they really aren't. The dealership does no more to these cars than they do to their "regular" used cars. the only diff is the ext warranty is already been bought for the car. i bet if you ran carfax on these certified cars, you would find some ex rentals.
#163 of 188
Re: Enterprise - Any other experiences out there??? [nthe] by british_rover
Nov 27, 2007 (9:34 am)
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Replying to: nthe (Nov 27, 2007 9:30 am)

The value of the certification depends on what the certified program is. I wouldn't pay anymore for a certified lexus as there is little value in the warranty they put on those cars and the chances of them breaking down is less as well.
 
The euro CPO cars seem to have a little better value and usually give you special APRs. If you can save a point or more on the interest rate by going with a CPO car that could cover the difference in extra cost of a CPO vehicle.
 
Also for wear items and such our CPO guideline requires items to be replaced if they are more then 50% worn. On non-CPO cars we could let cars go as long as they are above the state minimum for wear. We generally replace all wear items, tires/brakes/rotors, if they are below 50% anyway but we are ONLY required to do that on CPO vehicles.
#164 of 188
Re: Enterprise - Any other experiences out there??? [nthe] by isellhondas
Nov 27, 2007 (9:47 am)
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Replying to: nthe (Nov 27, 2007 9:30 am)

Not true. At least with Honda.
 
We are required to replace things that we otherwise wouldn't.
 
We throw away perfectly good brake pads that I know would last me another 20,000 miles simply because they are half worn out. Same with tires and other items.
 
Floor mats have to be in new condition etc.
#165 of 188
Re: Enterprise - Any other experiences out there??? [nthe] by joel0622
Dec 17, 2007 (12:44 pm)
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Replying to: nthe (Nov 27, 2007 9:30 am)

I guess it all depends on the dealer you buy it from.
 
We sell ex-rentals every day, cpo and non cpo. Never have any reoccurring problems with them.
 
You don't ever see any videos on you tube of people driving them the as intended (99%) because that would be boring to watch.
#166 of 188
Re: Enterprise - Any other experiences out there??? [nthe] by joel0622
Dec 17, 2007 (12:45 pm)
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Replying to: nthe (Nov 27, 2007 9:30 am)

I guess it all depends on the dealer you buy it from.
 
We sell ex-rentals every day, cpo and non cpo. Never have any reoccurring problems with them.
 
You don't ever see any videos on you tube of people driving them the as intended (99%) because that would be boring to watch.
#167 of 188
short term ownership by john_doe_wny
Dec 17, 2007 (5:12 pm)
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I've always like the idea of buying year old rentals with about 12,000 miles then trading them in on another year old rental at around 36,000 miles. Keeps payments down and always under factory warrenty so no extended warrenty cost. Three year old car with 36,000 miles still gets a good trade in value. Same idea as leasing but I decide when it's time to trade or how many miles I want to drive a year. I'm interested in your thoughts. Thanks.
#168 of 188
Re: short term ownership [john_doe_wny] by occupant1
Dec 26, 2007 (12:32 am)
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Replying to: john_doe_wny (Dec 17, 2007 5:12 pm)

I guess it would depend on the type of car. If we're talking about say, a Ford Taurus, with horrid resale value, it'd be fine by me.
 
New 2007 Ford Taurus after rebates and dealer discounts: $17000
Used 2007 Ford Taurus with about 12-15K miles on it: $12000
Used 2005 Ford Taurus trade-in value with about 36K: $6000
 
$6000 for two years of driving isn't so bad. But I'd take it a step further and buy the three-year old Taurus with 36K and a warranty to 75K covering powertrain, AC, cooling, electrical, and a few other bits, and drive it for four years to use up the warranty:
 
Used 2005 Taurus with 36K miles and 75K warranty: $8500
Used 2001 Taurus trade-in value with 75K miles on it: $2500
 
$6000 is the same, but twice the driving!
 
Of course this might even be more appealing with a car that has better resale, but the purchase prices would be much higher although the overall cost would be about the same. I'm just partial to used Tauruses as basic transportation because they are so cheap used.
 
For example, my wife paid about $7500 for a 1999 model with 97K on it. She put $1300 down. I could have bought her the same car with 137K miles for $1800 cash off a Craigslist ad. Had she been willing to buy a newer model (she doesn't like the looks of the 2000-up models) that $7500 would have put her in about a 2003-2004 model Taurus even at retail pricing. Last Taurus I looked at for $7500 was a 2006 model with 52K on it, incidentally, and now that I'm in the market again for a commuter car, I wish it was still for sale at that price. Still looking...best deal yet is a 75K mile 2004 for $4500, still waiting on an extended warranty quote on that one and hoping it'll be worth it.

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