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Now that you have the car, how much can you expect?
A recent report from the Orlando Sentinel shows how much you can expect to save for your next car rental.
The report comes from an analysis of the car rental industry.
The study, conducted by Orlando-based transportation research firm Lend Lease, found that Florida residents spent $2,500 on car rentals in 2016, an average of $914.46 per rental, a 27 percent increase over the previous year.
The study also found that car rental prices dropped 14 percent from the year before, to an average price of $1,829.25 per rental.
Lend lease notes that the drop in rental prices came at the same time that auto rental prices increased.
The decline in rental price was driven by an uptick in auto rental leasing, the company says, with a median of nearly $1.5 million a year going to leasing companies.
How much does a car rental cost?
The average car rental in Florida costs $1 to $2 per day.
The price varies depending on the vehicle, location and destination.
Cars in Orlando and Miami are typically priced higher than those in Tampa, Key West and West Palm Beach.
A typical $1-2 rental in Orlando costs $2.35 to $3.25, while a typical $3-4 rental in Miami costs $3 to $5.
The average rental in West Palm and Orlando costs an average $2 to $4.
Lending lease estimates that the average Florida resident is spending $3,000 to $6,000 on car rental fees in each of the state’s cities.
A car rental can cost anywhere from $50 to $600 per month.
It’s important to note that the numbers here are for a typical rental, and many rental companies charge a flat fee that varies depending upon the location, the vehicle and the vehicle’s mileage.
The exact fees vary between rental companies.
If you are looking to save money, Lend lease says, check out car rental websites like RentAday, Zipcar, and Hertz.
A study from the Florida Association of Realtors showed that people are more likely to stay in a rental if it is a cheaper price.
A $100 per month car rental would cost you $936 per month in rental fees.
A more typical rental would run you about $1 a day, and you would save more than $400 per month if you used that money to purchase a new car.
That’s why a car lease is the best option for most people.