Tips to take the sting out of 50% higher car rental prices

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ICYMI: Tips to take the sting out of 50% higher car rental prices

While airfare and lodging prices are certainly near all-time highs, rental cars are among the biggest price increases of all travel expenses. When comparing prices for July 2022 versus July 2019 , hotel prices are up 7% , according to the latest set of Consumer Price Index data released in August 2022. Airfares are up 16%. But rental cars are up a whopping 48%.Like most travel costs, rental car prices sharply dropped in April and May 2020 as people began calling off vacations to stay at home.

Among the rental car companies in the analysis, Enterprise is usually the cheapest, while National is most expensive. The analysis also found that last-minute rentals are typically cheaper than those booked months in advance. And you’ll almost always save by booking at an off-site rental car location versus at the airport.

— JOIN RENTAL CAR LOYALTY PROGRAMS: Benefits vary based on your level of elite status, though some levels can include free upgrades and waived fees. You might even get automatic status through a credit card. Yet even the entry-level, free-to-join tiers can include perks like priority lines.

 

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Tips to take the sting out of 50% higher car rental pricesWhen making your travel budget, don’t assume that lodging and airfare will be your biggest expense. Now, more than ever, rental cars are shaping up to be one…
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