As the national debt and the cost of Obamacare weigh on the average American, car rental companies are making it easier for Americans to pay for the most expensive gas in the country.
The new car rental services are offering low-cost cars to rent for a flat rate of about $1,300 per month, while car rental websites like CarRentalCarRentals.com and CarRenters.com offer a wide range of cars at prices as low as $750.
The sites even offer a “free” option, which allows customers to use their credit card to pay the full amount, for a fee of about a penny per month.
The cars that get the most attention from the industry are the Nissan Rogue and Ford Mustang, which are popular among older generations, and the Lexus ES 500, which is also popular among younger generations.
Both cars are expensive by today’s standards, but the Nissan is considered a more desirable option by some.
The Rogue and Mustang are priced between $10,000 and $20,000 per month on the sites.
A new model, the Subaru Legacy, is also on the market for the low price of $2,000.
“The Legacy is a great car for the millennial generation,” says Peter Hahn, managing director at CarRentsCarRental.com.
“They’re all young, they’re all getting a little bit older, and they’re looking for a car that they can take the stress out of their life.”
Hahn says he doesn’t see much of a demand for the older model.
“We have a lot of older people that we rent out,” he says.
“Most of them are millennials, but there are a few that we get from older folks that want to rent out.”
Hensbuch says he is “thrilled” that the younger generations are becoming more and more interested in renting out cars.
“Young people are looking for cars,” he said.
“This is the next big market.”
According to a survey by the National Association of Realtors, the average age of the rental car market is 34, and Hensbrach thinks that trend will continue to grow.
“As millennials get older, we’ll see that the rental market for younger people will continue,” he predicts.
“It’s definitely going to increase.
I think that’s a good thing for the rental industry.”