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$149 a day for a Porsche Cayenne or Range Rover rental in NYC?

by on Wed March 23, 2016 • No Comment
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If you travel a lot and like to rent nice cars, you’ve probably heard of Silvercar, which offers Audi A4 rentals for reasonable prices at many major airports.

But now, a newer company is taking things to a new level for New Yorkers and visitors to New York.

With RealCar (RealCar.NYC), you can rent a Porsche Cayenne or Range Rover SUV for these surprisingly low rates:

  • $149/per day – includes 200 miles (mileage over is billed at 75 cents per mile)
  • $899/per week – includes 1000 miles (mileage over is billed at 75 cents per mile)
  • $2999/per month – includes 3000 miles (mileage over is billed at 75 cents per mile)

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They will hand deliver the vehicle (you need to give at least 24 hours notice) and they’ll pick it up at an agreed upon time and place.

Considering rentals of Chevy Malibus can run $200 or more on weekends in New York, this almost sounds too good to be true.

So what are the catches?

The phone number on the website wasn’t answered, but the company has an extensive FAQ page and is very responsive on online chat.

Some of the things to keep in mind…

  • Unlike traditional rental cars, there is a cancellation penalty. There’s a 24 hour grace period to make changes or cancel, but if you cancel within 7 days of the rental, you lose 100% of the rental cost. And if you make changes earlier than 7 days, and out of the grace period, you lose 50% of the rental cost or $500, whichever is greater.
  • There’s a $200 security deposit, which can be held if you return the car with damage or a parking violation.
  • There is a $15 / day collision damage option, but it comes with a $1,000 deductible.
  • There is a late return fee $50/hour, up to $200 or 3x the daily rate (whichever is greater) – so be prepared if you get stuck in traffic.

The company actually actively encourages renters to get American Express’ Premium Car Rental Protection in its FAQ, which for up to $24.95 will cover an entire rental period (not just one day) for collision damage with no deductible, and it says it’s had no problems with that.

To use it, you’ll need to enroll any American Express card, and pay for the rental with the card.

Beware that most other credit card coverage won’t cover exotic vehicles like a Cayenne or Range Rover. Citi generally limits coverage to vehicles worth $50,000 or less, and most Chase coverage specifically excludes Porsche rentals.

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Availability is pretty wide open right now, but as the big holiday weekends come up it might be harder to snag a car, or prices may go up.

They’ll even pick you up at the airport if you’re flying in. And the company explicitly says ‘wear and tear’ like “small (less than 2 inches in length) nicks, scratches, abrasions or dents to the exterior (including wheels) normally associated with street parking, shopping cart bumps, and the like” is not the responsibility of the renter.

RealCar has a Yelp page with some reviews, and if you’re looking to splurge for a weekend, it could be a reasonable deal if you get the right coverage beforehand, know you’ll return it on time, and are a little adventurous about dealing with new companies.

 

 

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