If you are looking for a great deal on a used car, check out the inventory at a local car rental agency.
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Rental car dealers typically offer vehicles at 1.6% below their market value, a better deal than you will find at dealerships, according to an analysis from iSeeCars. On average, buying from a rental agency will drop your purchase price by $303.
In compiling its numbers, iSeeCars looked at more than 8.5 million used car sales across three dealer types:
- Traditional brick-and-mortar dealerships
- Virtual dealerships
- Rental car companies
The car search engine found that you actually will pay 0.2% more — about $31 — at a traditional local dealership, and a whopping 2.4% more — or $444 — at online dealerships than you would at a rental car agency.