Friday, August 1, 2008

How Much Do They Make

My father was reading this, and he had a thought that had completely escaped me. If Hertz does the entire price of the rental plus $200, and they keep that money for 24-48 hours PAST the time of the rental being turned in, that means they have your money in their account and can generate interest off of it. So if you rent a car for a week (and we will pretend that the rental is $300), and they tack their "advance fee" of $200, then that means they have $500 for seven or so days. While you will not generate a lot of interest on that single $500, imagine if you multiply that by thousands of people per day that this can occur to? They could be sitting on tens or even hundreds of thousands of dollars per day gaining interest!

I think I need to find more state and federal agencies to complain to on this.

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