Car rental prices up 55%, tips to save money


If you are leasing a auto this Fourth of July vacation weekend, or for a summer vacation, costs are soaring. And some rental agencies are charging hundreds in deposits.

Rental car or truck prices arrived at an all-time higher in July 2021 during the rental auto scarcity. But that shortage is not more than, and travel web-site Kayak says rental car or truck price ranges are up 55%.

Related: Rental car or truck shortage driving up prices, making vehicles scarce

“Rental automobile availability has eased up a minor in the locations that we were being viewing major complications very last calendar year, like Hawaii and Florida,” stated Jonathan Weinberg, CEO of

“But the difficulty has moved to a particular degree to other spots, namely all over the National Parks, like Bozeman, Montana, and Glacier National Park,” he said.

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As well as many rental agencies will question for a deposit or put a keep on your credit score card, to address any prospective harm or incidentals.

“Ordinarily the rental auto businesses will demand wherever from $150 to $500 a day for a deposit. Debit card renters can hope to pay back on the higher facet,” defined Weinberg.

Relevant: Far more folks building revenue renting out their autos

To preserve on motor vehicle rentals, industry experts say guide early, using price comparison web-sites such as AutoSlash,, Expedia, Kayak, Orbitz, or Travelocity.  

Nerdwallet recommends leasing from company destinations in the town, which are up to 26% much less expensive than leasing at the airport.

“Just take advantage of all the bargains and coupon codes that are available to you. Rental providers give large discount rates to Costco associates, AAA customers, AARP,” claimed Weinberg.

You can observe your reservation for a price fall, or enable AutoSlash do it for you.

“We allow you know when charges fall, so you can cancel and rebook any time a superior deal arrives alongside,” mentioned Weinberg.

Associated: Rental ripoffs on the rise in Houston as lease rates soar

Most automobile insurance coverage policies deal with the driver for rental cars and trucks, as do several credit history playing cards, so you never have to get the rental agency’s insurance.

And really don’t pre-spend for gasoline if the price tag for each gallon is a lot more than you’d pay back at a neighborhood gas station.

You can also compare charges with rideshare providers, these as Avail, HyreCar, Lyft, Uber, Turo, and Zipcar.

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