Car rental businesses are quite popular. And they get much patronage in some locations. But to price car rental services, what factors are considered to determine the ideal price for renting a car? Is it the model of the car or other factors that determine car rental prices?
What are the factors that are used to fix the prices of car rental services?
- Thread starter Kross
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The model and age of the car are some of the factors which should be considered. The rental rates are usually much higher in popular tourist destinations.
The distance and the duration you would be keeping the car unless you want to use a flat rate for all customers
I think the rates that rental services charge are always fixed based on the duration that the car would be held by the rental client.
In addition to considering maintenance and insurance costs, you also need to consider several internal and external car rental service factors. Internal such as car age, car price, car type, length of use, facilities, etc. While external factors such as competitor car rental prices, market demand levels, etc.
eLdavis
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I think there are lots of factors to consider, the model of the car is definitely one, the location where the customer plans on renting it to, and how long plays a major role.
There are so many factors that contributes to the same. Like the type of the car, the that is the make and model among some other parameters for sure.
