Best Time To Rent A Car

Best Time To Rent A Car

Prices of car hire fluctuate regularly, and customers usually ask their brokers when the perfect time is to book a car rental. Car rental agents have poured over the data from years of car rentals, and the common rule of thumb is that the best time to book a car, be it a Bentley hire, an Audi R8 hire or any other cheap Limo hire, is between 4-6 months before you travel. Car rental prices are usually available from within 6 months, so looking to book a lot further in advance may not disclose the entire range of car suppliers available at the location you desire. With less competition at this level of proceedings, you are less likely to get the best rate.

Car rental agents will be likely to inflate prices much further out than 6 months on the off chance of your booking, with enough time for them to rent their fleets they have less competition to worry about. On the other hand, once inside 4 months, prices are a lot more fluid and matched with demand and supply. While they may drop inside 4 months before the pick-up, they are more likely to increase the closer to pick up you leave it.

Why Do the Prices of Car Rentals Change?

1. Demand and Supply Smooth market forces will have an impact on the price of car rental. Car rental agents focus on renting out as many cars as possible, be it a Range Rover sports hire or a Stretch Limo hire. If at any given point of time, they have more cars available than expected, this may lead to decreased rates in order to try and sell more rental cars.

On the other hand, if they have sold more rental cars than expected, the prices are more likely to increase to maximize the profits from what fleet they have with them.

2.

Market Trends

While car rental rates do not usually rocket around school term times such as package holidays and flights, summer holiday destinations will often be more costly in peak travel months as the demand is high. Rental agents arrange fleets to maximize efficiency and keep the prices low. Where they may anticipate selling 100 rentals every day in peak months and keep a fleet to fulfil that demand, in quieter winter months, prices will drop as they try to encourage the customers to book their car rentals and avoid lying idle.

3.

Currency Conversion Rates If you are renting a car in another country, you are likely to pay in your local currency.

Nevertheless, rental cars are likely to be paid in a different currency. While currency conversion rates are usually low on a regular basis, big economic events can have a considerable influence on currency conversion and affect the price you will pay for car hire in your local currency.

Tips For Booking Car Rental At The Perfect Time 1. Keep Searching Even after you have booked your car hire, for the ones who are looking for the best price, it can still be advantageous checking back on car hire prices for the same trip every week.

If the price is less than what you have paid already, you can cancel your booked rental car and re-book.

2.

Check Terms Always check the terms and conditions of cancellation before booking your rental car. If one agent is more expensive than another but has a free cancellation policy, you keep the option open to re-book at a lower price if the prices drop after you have booked by cancelling for free.

3.

Get It Booked Early If you are travelling somewhere lively at peak times, booking your fancy Audi R8 hire or a Range Rover Sport hire between 4-6 months in advance is the secret as the demand rises, prices will rise too.

To Sum It Up! Book within the golden window of 4-6 months and keep an eye on the rates weekly right up until you are ready to take the trip. If the car hire prices have dropped, you have an option to cancel and re-book your existing rental if the cancellation fees make it economical.