Renting a car is an art, not a skill. People seem to think "yes I did it before, I can do it again, better." The fact is that very few car owners actually use every tactic to get the best deal. Our goal today is to change that.
Take for example, development. If you rent a particular car class for a certain day, actually unless it is a special car, you are only renting a car, not a particular car category. Let me explain.
Car Rental Companies spend a lot of money learning the human mind and how it works. They want to be able to predict what people will do on any given day to spend their money (cars). Also highlighted in these studies is that people are always looking for a trade, or a speculative trade. They have it up to science. The problem is, not all of their agents are as compatible with the game system as computers.
First, some basics. Car rental agencies work on a commission. Yes, they earn an hour's wage, but they supplement it with sales, or more importantly, sales of car-branded products. This metric, or measurement unit, is transmitted in the form of a number, Dollars per lease term. To put it bluntly, if you rented a car for 10 days and then sold it from a small car to a full-size car for $ 10 a day, the company's "dollars a day" upgrade number would be $ 10.00. Each agent is required to keep a certain amount of money to avoid sanctions and this number is based on historical estimates. The law of averages tells us that 1 in 4 landlords will agree to a development application as long as the development rate is "within the normal range" of the market. This means that if renting a medium-sized car usually costs about $ 30 a day, and your current car is priced at $ 25 a day, if the agent offers you an upgrade of between $ 3-7 a day, the average buyer will say yes by 25 percent in time. Car rental companies also, during the years of research, say that if you increase that price by 3-7 to 7-15 dollars a day, the average buyer will say yes 10% of the time. Simple economics. They have a lot of knowledge on how to do this.
From this point on, car rental agencies will motivate the agent by setting up commission levels with data compliant. If the agent has a development rate of 20% and keeps a certain amount of dollars, on the lease day, the agent's payment for that sale will be twice as much as it would otherwise be. Depending on the location of the agent in his or her sales numbers, he or she may need to build his or her own statistics to achieve a higher payout rate. Some agents may require a higher dollar to build their mid-dollar dollar a day, other agents will upgrade the bulk and the dollar value is not as important to them as they need to build their development rate for each hiring day.
Apart from the obvious reasons, there are strong reasons to improve people in more expensive cars. It costs a car rental company an average of $ 11-45 a day to keep a rental car sitting in an unused area depending on the car. A small and basic car, the cost is low. $ 45 cars are rarely available, and $ 11 cars are usually plentiful, so when you estimate your daily expenses, they reach $ 15-17 a day.
These are fixed costs that apply to employees, rent, insurance, financial costs, contracts, website, and everything else that goes into business. If a car rental company has a network of 2000 cars, that means they have an annual cost of nearly $ 11 million whether they are rented or not. If they knew they had 1800 rented cars, that would mean they still have 200 extra cars for daily expenses to clear, or about $ 3,000 a day.
If a car rental company could, with the same number of car renters, increase their revenue, they could afford the cost of cars living in the area. That’s where development comes in handy. Upgrades, as well as additional driving costs, renting child seats, GPS navigation rental, insurance benefits, and fuel filling costs are working to reduce 3,000 expenses per day. So for a typical employer, this means that car rental agencies are more likely to develop and earn more than the dollar value set. Therefore, ANY rental agent can give almost any dollar he wants and will not get into trouble with his efforts. In fact, they may be rewarded for having good numbers.
Now that you know how they are paid, it is time to learn how to turn this into your profit.
Pay attention to the market. If you really wanted that flexible, but they were renting for 75.00 a day online while booking your subcompact for $ 40 a day, taking a $ 10 per day upgrade is a GREAT Deal. Knowing the market will give you a good idea of what is good and what is not. Agents know the market because they see it every day and have little guides behind the counter to help them. Trying to negotiate a good price does not help if you do not know the prices related to the cars you want to rent.
Many agents will try and offer upgrades anywhere from $ 10-25 per day for upgrades. Improvements can be made from any car segment to any other car segment above. You can move from subcompact to full size, full size to van, medium size to convertible, it doesn't matter. They will usually quote the same number. Since we know they will not really get into trouble, make soft conversations. Statements like, "I don't really need a convertible, but I could see myself in a car full of about $ 5 a day more ...." or "That van looks good, I see myself driving that for about $ 10 a day more than my current value." Saying something like that lets the agent know that you are interested and wears his or her negotiating personality.
Read More:Car Rentals In Las Vegas Were Not Always Significant
Post a Comment