Last Updated on August 1, 2012 by DeanR
Priceless Rent-A-Car Franchise Information
Priceless Rent-A-Car is a franchise for a business providing car rentals and leasing. It was founded in 1997 and started franchising that same year.
Their concept is based on their wanting to be able to provide car rental services that are reasonably priced. They say that these services are for those people who needed a temporary car while theirs is being repaired or serviced. They don’t say that their cars are new but the reason why they are able to provide low prices is because the cars are not new but well-maintained. They see themselves as an alternative to other major car rental companies. They now have 53 locations all over the United States.
What type of cars do they rent out at Priceless Rent-A-Car?
Types and prices may differ in different locations. This one is based from a location in Los Angeles, California rates per day. For economy cars, price starts at $14.99 and this can sit five people. For compact cars, price starts at $19.99 and it can sit five people. For intermediate, price starts at $21.99 and can sit five people. For luxury cars, price starts at $88.00 and can sit five people. For convertibles, price starts at $85.00 and can sit four people.
Minivans, price starts at $164.00 and can sit seven people. For full sized vans, price starts at $249.00 and can sit seven people. For special vans, price starts at $149.00 and can sit eight people. For SUV’s, price starts $66.00 and can sit five people. For full sized SUV’s, price starts $249.00 and can sit nine people. For Premium SUV’s, price starts $72.99 and can sit five people.
Cost and requirements on running a Priceless Rent-A-Car franchise
You need to have a net worth of $250.000 and a total liquid asset of at least $50,000. Expect to be investing about $120,000 to $377,000. The cost of Priceless Rent-A-Car franchise fee is $8,000 with an on-going royalty fee of $30 per car per month. This is for a renewable five year term agreement. You will need about two to four employees to run one location. They allow multi-unit ownership and absentee ownership.
What is included in the franchise package?
There will be five days training at the headquarters. You will be receiving newsletters. You will be provided assistance at the grand opening. You will be given access to the internet. You may also expect to be attending meetings. For marketing support, there will be ad slicks, co-op advertising, and national media.
Priceless Rent-A-Car Contact Details
You may reach them at:
Address: 105 Main Street Laurel, MD 20707
Phone: (800) 662-8322 or (240) 581-1350
Email: Dtripp@pricelesscar.com