No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, July 22, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Markets

Should You Rent a Car for Your Summer Trip? There Are Pros and Cons

by TheAdviserMagazine
2 months ago
in Markets
Reading Time: 3 mins read
A A
Should You Rent a Car for Your Summer Trip? There Are Pros and Cons
Share on FacebookShare on TwitterShare on LInkedIn


Rising car and gas prices are pushing some Americans to consider renting a car for their summer road trip instead of driving their own vehicle.

Car Rental Gateway, an online car rental platform headquartered in London that also operates in the United States, reported that during peak travel times, it handles around 3,000 car rental availability searches per second. The website also reported seeing a 16% increase in electric and hybrid car rentals in March, as gas prices began to climb after the start of the Iran war.

Additionally, Hertz Rental Car said its research shows 64% of Americans are planning to take at least one road trip this summer. The company said it expects rental pickups will peak just ahead of the holiday, with Thursday, May 21, and Friday, May 22 likely to be the busiest days.

Even before gas prices started rising, Car Rental Gateway said it had seen evidence of a shift among some Americans toward a preference for having access to cars via traditional rental or on-demand car-sharing companies like ZipCar when needed rather than solely driving their personally owned vehicles.

“For decades, owning a vehicle was seen as a symbol of independence, financial success, and social status,” the website said in a September 2025 blog post. “Today, however, shifting consumer priorities and technological innovations are transforming the way people view mobility.”

“The concept of ‘access over ownership’ is gaining momentum, particularly in the car rental and subscription markets, where flexibility and convenience often outweigh the burden of long-term ownership,” the website continued.

The findings come as gas prices rose to an average of $4.55 per gallon on May 20, according to AAA. That’s up from a national average gas price of $2.98 on Feb. 28, the day the United States first launched military strikes against Iran. Additionally, the average price for new cars in April 2026 was $49,461, according to Cox Automotive’s Kelley Blue Book.

Pros of Renting a Car for Your Summer Road Trip

Here are four pros for renting a car for your next road trip:

Cost savings on gas: The website CarRentalLab.com said drivers who opt to rent for their summer trips can choose more fuel-efficient models than their normal rides. “If your daily driver is a GMC Yukon that gets 17 mpg combined, consider leaving it parked and renting a fuel-sipper for your road trip,” the website said. “Rent a newer Toyota Prius instead, and you’ll get up to 57 mpg combined, on average. That means you can go more than three times the distance on a single gallon of gas.”
Cost savings on maintenance: The website said drivers can put the mileage of long trips on someone else’s car instead of their own. “A long road trip can inflict costly damage on your car, even if you don’t notice it right away,” the website said. “Every mile results in a certain amount of wear and tear to the engine, the tires and other moving parts.”
Access to newer technology: The average age of cars that operate regularly on U.S. roads in 2025 was 12.8 years old, according to the National Highway Traffic Safety Administration. Most rental cars are less than five years old, so drivers who rent will have access to newer technology than they might have on a daily basis in their older cars.
More cargo room: AAA said drivers who opt for rentals for their road trips can get cars with much more cargo room. “Maybe your compact, fuel-efficient car is ideal for work commutes but less than perfect for a longer road trip,” the website said. “Take a hard look at your storage needs. Is anyone going on this trip a serious overpacker?”

Cons of Renting a Car for Your Next Road Trip

Here are four potential cons for renting a car for your next road trip.

Rental costs add to the price of the trip: “Depending on the location and the type of vehicle, rental costs can add up quickly,” the Car Rental Lab website said. “For example, renting a car in a tourist-heavy area like Miami during peak season can be significantly more expensive than in the off-peak months.”
Additional insurance and fees: “Navigating insurance options can be confusing. Some companies may offer basic insurance, while others might pressure you into purchasing additional coverage. This can lead to unexpected costs,” the website said.
Parking challenges: “In urban areas, finding parking can be a hassle and often comes with fees,” the website said. “Cities like New York or San Francisco have limited street parking and expensive garages, which can negate the benefits of having a rental car.”
Age restrictions for younger drivers: Most rental companies either require drivers to be at least 25 years old or charge an additional fee for drivers younger than 25. “Many rental companies, including Enterprise and Hertz, impose a ‘young driver surcharge’ for those under 25,” the website said. “This can add an extra daily fee to your rental.”



Source link

Tags: CarConsProsRentsummerTrip
ShareTweetShare
Previous Post

NVIDIA (NVDA) Q1 FY27 earnings and revenue beat estimates

Next Post

Publicis Acquires LiveRamp To Advance New Agentic AI Push

Related Posts

edit post
First Community Bankshares Releases Q2 2026 Financial Results

First Community Bankshares Releases Q2 2026 Financial Results

by TheAdviserMagazine
July 21, 2026
0

AlphaStreet Newsdesk powered by AlphaStreet Intelligence FCBC|EPS $0.76|Rev $39.6M|Net Income $22.5M First Community Bankshares, Inc. (FCBC) reported Q2 2026 adjusted...

edit post
Financing a New HVAC System: 0% Offers, Loans and What They Really Cost

Financing a New HVAC System: 0% Offers, Loans and What They Really Cost

by TheAdviserMagazine
July 21, 2026
0

If you’re like 47% of Americans, even a $1,000 emergency expense would break the bank. Luckily, many HVAC providers offer...

edit post
Goldman Sachs creates private markets platform to court rich investors

Goldman Sachs creates private markets platform to court rich investors

by TheAdviserMagazine
July 21, 2026
0

A SpaceX Flacon 9 rocket lifts off from Space Launch Complex 40 on June 8, 2026, in Cape Canaveral Space...

edit post
Bets against SpaceX grow to 32% of float as Elon Musk warns short sellers won’t survive

Bets against SpaceX grow to 32% of float as Elon Musk warns short sellers won’t survive

by TheAdviserMagazine
July 21, 2026
0

Samuel Boivin | Nurphoto | Getty ImagesElon Musk warned that investors betting against SpaceX have little chance of survival —...

edit post
Traders bet that this stock will lead the way in a crypto comeback

Traders bet that this stock will lead the way in a crypto comeback

by TheAdviserMagazine
July 21, 2026
0

Joe Raedle | Getty ImagesThe S&P 500 has barely moved in five days, but crypto assets are gaining some momentum...

edit post
The Summer 2026 Rent-to-Payment Report: Where You Can Still Cash Flow With Real Estate

The Summer 2026 Rent-to-Payment Report: Where You Can Still Cash Flow With Real Estate

by TheAdviserMagazine
July 21, 2026
0

In This Article Foreword by Dave Meyer In a new era of real estate investing, the old rules of thumb...

Next Post
edit post
Publicis Acquires LiveRamp To Advance New Agentic AI Push

Publicis Acquires LiveRamp To Advance New Agentic AI Push

edit post
Bound for Mars, Elon Musk’s SpaceX unveils filing for blockbuster IPO

Bound for Mars, Elon Musk's SpaceX unveils filing for blockbuster IPO

  • Trending
  • Comments
  • Latest
edit post
Mass Fraud in Massachusetts Committed by Illegal Immigrants Discovered

Mass Fraud in Massachusetts Committed by Illegal Immigrants Discovered

June 22, 2026
edit post
New Jersey Tax-Relief Events: Three July Dates Near Seniors

New Jersey Tax-Relief Events: Three July Dates Near Seniors

July 13, 2026
edit post
Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

July 8, 2026
edit post
Retail giant exits U.S. fashion after multi-million-dollar scandal

Retail giant exits U.S. fashion after multi-million-dollar scandal

July 1, 2026
edit post
Same Portfolio. Same Retirement. A 10-Mile Move Costs One Couple ,000 A Year

Same Portfolio. Same Retirement. A 10-Mile Move Costs One Couple $10,000 A Year

June 27, 2026
edit post
Top Democrats Are Trapped in a Catch 22

Top Democrats Are Trapped in a Catch 22

July 6, 2026
edit post
How to work with a credit card debt collector

How to work with a credit card debt collector

0
edit post
Von Der Leyen And Draghi Plot More Centralization To “Save” Europe

Von Der Leyen And Draghi Plot More Centralization To “Save” Europe

0
edit post
Tata Group stock falls 2% after Q1 net profit jumps 18% to Rs 390 crore

Tata Group stock falls 2% after Q1 net profit jumps 18% to Rs 390 crore

0
edit post
UK Lawmakers Probe 40% Crypto Transfer Blocks as Banking Scrutiny Widens

UK Lawmakers Probe 40% Crypto Transfer Blocks as Banking Scrutiny Widens

0
edit post
Goldman Sachs creates private markets platform to court rich investors

Goldman Sachs creates private markets platform to court rich investors

0
edit post
Ted Cruz Calls Trump Accounts a Path to Social Security Privatization—Economist Disagrees

Ted Cruz Calls Trump Accounts a Path to Social Security Privatization—Economist Disagrees

0
edit post
Von Der Leyen And Draghi Plot More Centralization To “Save” Europe

Von Der Leyen And Draghi Plot More Centralization To “Save” Europe

July 22, 2026
edit post
UK Lawmakers Probe 40% Crypto Transfer Blocks as Banking Scrutiny Widens

UK Lawmakers Probe 40% Crypto Transfer Blocks as Banking Scrutiny Widens

July 21, 2026
edit post
Tata Group stock falls 2% after Q1 net profit jumps 18% to Rs 390 crore

Tata Group stock falls 2% after Q1 net profit jumps 18% to Rs 390 crore

July 21, 2026
edit post
Trump plans high generic-drug tariffs in 2028 to spur U.S. production

Trump plans high generic-drug tariffs in 2028 to spur U.S. production

July 21, 2026
edit post
East West projects 2026 loan growth of 6% to 8% as it raises NII growth outlook to 7% to 9% (NASDAQ:EWBC)

East West projects 2026 loan growth of 6% to 8% as it raises NII growth outlook to 7% to 9% (NASDAQ:EWBC)

July 21, 2026
edit post
Kazakhstan Signs Network School Deal as Malaysia Revokes License

Kazakhstan Signs Network School Deal as Malaysia Revokes License

July 21, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Von Der Leyen And Draghi Plot More Centralization To “Save” Europe
  • UK Lawmakers Probe 40% Crypto Transfer Blocks as Banking Scrutiny Widens
  • Tata Group stock falls 2% after Q1 net profit jumps 18% to Rs 390 crore
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.