Can a Dollar Rent A Car franchisee purchase cars with financing?
Dollar_Rent_A_Car Franchise · 2025 FDDAnswer from 2025 FDD Document
or (ii) the minimum average number of vehicles for either 6 consecutive months or 9 months out of any 12 consecutive months. You may purchase cars with financing provided by banks or finance companies and the terms and amount of financing will vary depending on credit conditions and your financial position. You will make all arrangements for the purchase of the cars.
Source: Item 7 — YOUR ESTIMATED INITIAL INVESTMENT (FDD pages 46–52)
What This Means (2025 FDD)
According to Dollar Rent A Car's 2025 Franchise Disclosure Document, franchisees can finance the purchase of cars through banks or finance companies. The availability and terms of this financing will depend on credit conditions and the franchisee's financial position. The franchisee is responsible for making all arrangements for purchasing the cars. The cost of current model cars typically ranges from $25,000 to $75,000 per car, but this cost may be higher for larger vehicles like SUVs or luxury cars. The initial fleet size can range from 30 to 300 cars, impacting the overall investment.
For airport rental locations, Dollar Rent A Car franchisees may also need to purchase Courtesy Vehicles or shuttle buses to transport customers. The purchase price for these vehicles ranges from approximately $55,000 to over $350,000 per vehicle. Similar to rental cars, franchisees may finance the purchase of these vehicles through local banks, vehicle manufacturers, or other lending institutions, with financing terms depending on credit and other factors.
Additionally, Dollar Rent A Car franchisees may be able to finance or lease the Approved Counter System, which is a software system for managing rental information, customer databases, and rates. Financing or leasing options for this system are available with approved credit through approved suppliers. The cost of the Approved Counter System varies depending on the size and number of customers served, the number of locations, and the type of hardware obtained. Optional accounting software packages may also be financed with approved credit through approved suppliers, with costs varying based on the number of users.