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Did You Know … You Can Buy a Car From a Rental Company?

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Did You Know ... You Can Buy a Used Car From a Rental Company?

Illustration of orange car, windshield says For Sale.

WITH THE AVERAGE price of used cars around $28,000 and interest on auto loans above 11 percent, many people are looking for good deals. One option: Buy from a rental company. Because these companies purchase cars at bulk rates, they can sell them “at a bit of a discount,” says Matt Smith, deputy editor for CarGurus. But what about wear and tear? Joseph Yoon, an analyst for Edmunds, says not to worry; rental cars are well maintained and typically two to three years old.

You can also find used cars through the AARP Auto Buying Program powered by TrueCar at aarp.truecar.com. —Donna Fuscaldo

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