If you’re looking to get away this summer, it will likely cost you. On top of high gas prices and soaring airfare, rental car costs are also skyrocketing.
“Prices have definitely increased. I used to get a flat rate, but now I’ve noticed that rate is at least $70 more. And with gas prices, it’s starting to hurt you a little bit,” said Maureen Mays, who rents cars weekly for work-related travel.Rustie Anderson also noticed fewer options when she helped Barkus rent the vehicle.
“Rental cars are the largest expense that a rental car company has and without anyone renting they had to go sell off as many vehicles as they could as quickly as they could,” explained Jonathan Weinberg, the founder and CEO of AutoSlash. Weinberg is finding prices exceeding $100 per day in popular spring break destinations. Outside of the Lower 48, costs are above $200 per day in Alaska and Hawaii. Some of the most expensive options are near National Parks. AutoSlash found cars for more than $300 per day near Glacier National Park.
In addition to early planning, Weinberg said discounts through AAA, AARP, Costco or other clubs can sometimes offer 40-50% off rental car prices.
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