Travel & Places Car Rentals

What Is a Car Rental Company?

    Types

    • Some of the best known and largest nationwide car rental companies include Enterprise, Alamo, Avis, Thrifty and Budget. Hertz remains the largest car rental company in the world.

    Features

    • Car rental companies offer such perks as supplemental insurance, as well as cars equipped with GPS, child car seats and satellite radio.

    Considerations

    • A valid driver's license is required to rent a car and most companies insist drivers be 25 years of age. Most companies also require a major credit card, although some will accept a debit card alongside a substantial deposit.

    Numbers

    • In 2008, with close to 20,000 locations and 1.8 million cars in service, the U.S. car rental market generated revenue of approximately $22 billion.

    Famous Ties

    • Many car rental agencies offer reduced rates for automobile insurance providers, who in turn must provide temporary transportation for their clients following a major car accident.

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