Do you want to travel by car and are looking for a car rental company? But are you concerned about the high cost of the security deposit? Long delay of 30-50 days for a refund? After-rental costs that can be disputed? These inconveniences should not be associated with renting a car. When reserving your automobile, look for a “no deposit car rental” plan!
But why do automobile rental companies want a deposit?
When you pick up the car, a security deposit is held on your credit or debit card. This is typically composed of the following…
• The insurance excess – this is the amount retained on your card in the event that the automobile is damaged or stolen. The fee varies greatly depending on the type of car and area.
• The gasoline deposit – All of the automobile rentals we review have a reasonable full-to-full fuel policy. This implies you’ll charge a full tank of gas to your credit card. The fee is returned if you return the car with a full tank.
So, how do these car rental companies make no-deposit car rentals possible?
Suppliers require a deposit so that they do not lose money if there are any payable fees. The important point is that No-Deposit Car Rental is achievable if the dealer can ensure their customers’ liability for their payment costs. A minimum of perhaps $1 might be levied to pre-authorize your credit card upon pick-up so that the dealers can charge you the amount if you incur any fees.