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Reality check: true cost of renting a car

I've been on the Hertz website, looking at a class B car for 1 week, pickup/drop off in Oxford in mid-September.

The quoted rate -- GBP 104 -- includes: Tax, Vehicle Licence Fee (VLF), Theft Protection (Excess of GBP 900 applies), Collision Damage Waiver (Excess of GBP 900 applies)

My credit card (Chase Sapphire Preferred) covers rental cars as primary as well, so I'm not too concerned about the Excess (I will verify this with Chase before booking).

The class B car gets about 50 mpg, If I drive 500 miles in a week, then I'll use about 10 gallons of gas. That's approximately 40 liters (yep, fuzzy math), or about GBP 50.

So, if I've done this correctly, and assuming no accidents or damage, the cost to rent the car should be about GBP 160 ($260 US) for the week. Plus, of course, any parking fees, tolls, etc.

Is this correctly budgeted, or are my calculations flawed?

Thanks!

Posted by
1694 posts

First thing is check the excess. My own car insurance is excess of £250, which is what I pay for the insurance for a year.

Class B is a Ford Fiesta, Toyota Auris, Renault Clio, so the fuel efficiency sounds right. The figure may be quoted in Imperial gallons which are about a litre larger than American gallons.

As long as the taxes, insurance etc are properly calculated, £200 does sound fair. But I would check about the excess, for piece of mind that is worryingly high.

Posted by
9371 posts

You can come a little closer to the true cost of the fuel, tolls, etc. if you use www.viamichelin.com. If you check your routes from place to place, it also gives you a fuel and toll estimate.

Posted by
10288 posts

it would only cost around 50 pounds for 40 liters of gas??

Posted by
1694 posts

Currently £1.10 per litre as a top level, yes, 40 litres for £50 is fair enough.

Posted by
125 posts

Thanks everyone.

The Hertz website says excess of 900 GBP (which seems very high) so I will certainly crosscheck that with my credit card. I can imagine that on a narrow rural road (or a narrow village road for that matter) it is not unheard of for a stone wall to leap out and attack a car ;-)

I will check other rental agencies as well for better terms, now that I know my budgeting calculations are right.

And the other next step is to check costs against rail/coach/tickets. I am a solo traveler, so the car is probably a pricey luxury for one, but it does give considerable flexibility for rural meandering.

Posted by
8338 posts

Most people don't realize that their auto insurance coverage goes with them overseas on car rentals. You'd have to check with your agent to verify if this is the case.

The credit card coverage on comp and collision is usually secondary to your primary insurance carrier. So why do most people that have full coverage insurance and a credit card insurance supplement want to pay extra for CDW?
I would suggest you go on AutoEurope and check their prices. If you look close, you may can specify the same pickup and return addresses as Hertz--and you'd get a Hertz car. Pick whichever company is cheaper.
If you join Hertz' frequent renter program prior to the reservation, you could possibly save $. And if you pickup the car in a non-airport location, you'll possibly save on taxes and surcharges.
Have a great trip!

Posted by
33994 posts

Diesel may be for the moment pushing down towards £1.07 per litre where I am but petrol is running generally 6 pence more, and that is at some supermarkets.

Nobody knows when it will shoot back up again, so I'd rather plan on around £1.20 a litre and if it is less be happy.

I would be skeptical if one of those cars could do 50 miles to a US gallon.

Posted by
125 posts

Thank you, David. Yes, rentals at an airport are significantly more expensive. I plan a few days in London after I land, and then coach to Oxford, where I may hire the car the next day.

My car search has just begun. One of my "musts" is NOT paying ahead and presenting a voucher. I'd rather pay a bit more for the rental and have the flexibility to cancel it if my plans change. Concolidators do not always allow that.

I am now is sticker shock over the cost of rail tickets :-( and the car hire is looking much better, even for a solo traveler!

Posted by
5466 posts

An London to Oxford single rail ticket starts from £6.

Posted by
125 posts

I was looking at London to Hereford, and was seeing GBP 33 and higher for the day I'd want -- but there was one ticket that was 19 GBP for a very awkward time.

London to Cardiff was closer to GBP 40 and above. Of course, I'm looking at the week of Sept. 15, which is only a month away.

For London to Oxford I had assumed I'd use a coach, but I'll check the rail tickets. Thanks, Marco.

Posted by
33994 posts

It's good to see you back on the Helpline, MJ.....

By the way, what do you mean by Heart of Texas? Hill Country? Waco? Killeen? San Marcos? Lubbock?

Anyway, the trains are a skill to be learned. I wrote a longish answer to another poster last night which details the different tickets, and information about splitting them provided by others, for better prices.

It is at https://community.ricksteves.com/travel-forum/england/raileasy-com-or-trainsplit-com
which I think you have discovered. As you see from James, there are other deals and specials around depending on company and time of year. For example, London Midland often offers all route internet rovers for £10 or £15 at school half term.

If you can share where you need to be when and what day and time we can probably help you get a good price.

Posted by
2599 posts

One of the crazy issues with the train fares is that the day return price is often the same or a £1 more than the one-way ticket - check that out for the Oxford to Hereford route.

If going from Oxford to Cardiff by train*, you should find that by splitting the tickets at Swindon, you get cheaper prices than buying one through ticket. (You change trains at Didcot). www.nationalrail.co.uk
* If I was touring Britain by train, I would go Oxford to Bath; Bath to Cardiff.

Don't forget that you can purchase in the USA a Britrail Pass - but these are not exactly cheap. www.britrail.com

Try this site for car hire:>http://www.travelsupermarket.com/c/cheap-car-hire/united-kingdom/

Coach travel >http://uk.megabus.com
www.nationalexpress.co.uk
Local buses > http://www.traveline.info

Posted by
1694 posts

Nigel, good point about the price of the fuel, I should have thought of that. It was not long ago fuel prices were heading to £1.50 per litre. I would go with Nigel's suggestion of budgeting £1.20 or so for this coming September.

Posted by
125 posts

Thanks to all.

Yes, my math on fuel consumption is very "fuzzy" . Just trying to hit the ballpark, and more importantly, trying to understand the car hire charges and whether I had omitted an ugly and unseen extra charge not normally quoted over the 'net. I think I have a handle on all of that.

James, Nigel: thanks for your help here and on the ticket-splitting thread. It will be best if I create a new thread with details (such as they are) about my travel plans for further advice about rail, bus and coach options on short notice. There may be others who benefit from the information who would not look at a thread about car hire.

re: "Heart o' Texas:" rural Texas, near Andice. The nearest major airport is Austin. About 200 miles from DFW and IAH.

Posted by
8913 posts

Make sure you read the terms of your credit card insurance policy carefully. I recently read mine and noticed that I must decline additional collision/damage insurance at the time of the rental for my credi card insurance to be in effect. You need to know exactly how yours works before you assume it will cover.

Posted by
33994 posts

Well that counts as "rural". My wife's family used to argue about which was smaller - Venus and Tolar - a bit north of you. But I think you've got 'em beat, and you're only "near" Andice!!

I used to be a fan of the little Georgetown Railroad so I know a bit of the countryside around there...

Glad to see you will start another thread...

Posted by
3644 posts

Of course you should check your own isurance, but I have to disagree with the poster who said that most people's car insurance will cover rentals. Not Outside the U.S.

Now here's some good news. We decided to go with the insurance provided on our Chase cc. We did get dinged by an unknown driver in an unknown location. Chase covered the 400+ euro charge, and in a timely manner, with no hassles. Again, you should check with them about the coverage provided by your card. (Ours is a United Mileage Plus.) Also, I know you do have to decline other coverage.

Posted by
125 posts

Rosalyn:

thanks for sharing your "in real life" tale. That's exactly what I want to know.

I've got a Chase Sapphire Preferred card (no foreign transaction fee, overseas rental car insurance) and I need to check the details with them, but it is good to know that Chase stepped up to the plate.

May I ask what rental car company you used? Clearly they were willing to accept your Chase card in lieu of buying their insurance.

Posted by
3896 posts

Some clarification on car insurance. Someone else posted:
"Most people don't realize that their auto insurance coverage goes with them overseas on car rentals. You'd have to check with your agent to verify if this is the case.

The credit card coverage on comp and collision is usually secondary to your primary insurance carrier. So why do most people that have full coverage insurance and a credit card insurance supplement want to pay extra for CDW?"

I have been told by two different insurance agents (one is also an attorney, the other a past VP of an insurance company before retirement) that the first statement is not true. Read your policy carefully.

So "The credit card coverage on comp and collision is usually secondary to your primary insurance carrier." is not true either, unless you are inside the U.S. and your insurance is a U.S. carrier with you as a resident of the U.S.

So, make sure you have an adequate car insurance policy bought through the rental agency to cover damage to the car or theft of the car. A few hundred bucks (or pounds) is nothing compared to the damages if you accidentally hit someone on a bicycle and they are disabled for the rest of their lives. (And after all, you'd want them to be compensated, and their medical expenses taken care of.) Or the expense of the theft of the car. Yep, if you're not adequately insured and someone steals the car, you are on the hook for the entire amount of the vehicle.

Make absolutely certain you're insured for every possibility. Better to be over-insured than under-insured.

Personally, I would go with trains, buses and regional tour companies instead of renting a car, but that is just my preference. If you check over on the Wales Forum, there have been several small local tour companies mentioned from time to time that do an excellent job of taking folks around to the castles and towns of Wales.

Posted by
17 posts

Thanks to all for the discussion. We are visiting England, Wales & Scotland next May for 17 days on a genealogy trip. We'll be renting a car for part of the time, so we can get to some of the tiny towns our ancestors came from.

Our credit card (a CapitalOne World MasterCard) also has rental insurance coverage. I'll be sure to read the agreement in more detail but I know it says you have to book the entire rental on the card, perhaps even pre-pay but not sure about that part.

Thanks also (Nancy, I think) for the viamichelin website for calculating driving costs. That will really come in handy, as I'm a very detailed planner. This trip, I'll forego choosing restaurants for every meal ahead of time, though :-)

Posted by
824 posts

MJ,

One thing I didn't see in your discussion is "where" you plan to go with your rental car. If you are mainly traveling to major towns and cities, why hassle with a car? Parking can be a real hassle these days, especially in larger or more touristy towns and cities. In fact, the cost of parking can easily approach the daily rate for the car.