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Updated RecentlyPayless Car Rental Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Payless Car Rental including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $217,900 - $6,300,000 | |
| Franchise Fee | $15,000 - $500,000 | |
| Royalty Fee | 4-5% | |
| Advertising Fee | - | |
| Year Founded | 1971 | |
| Year Franchised | 1971 | |
| Term Of Agreement | 5 years | |
| Term Of Agreement | 5 years | |
| Renewal Fee | $2.5K | |
Business Experience Requirements |
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| Experience | ||
Financing Options |
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| In-House/3rd Party | ||
| Franchise Fees | No/Yes | |
| Start-up Costs | No/Yes | |
| Equipment | No/Yes | |
| Inventory | No/Yes | |
| Receivables | No/No | |
| Payroll | No/No | |
Training & Support |
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| Training | Ongoing training available as needed | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | National media | |
| Operations |
47% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 20
Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) |
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Expansion Plans |
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| US Expansion | - | |
| Canada Expansion | No | |
| International Expansion | Yes | |
Company Overviews
About Payless Car Rental
Payless Car Rental was established in 1971 in Spokane, Washington, by Les Netterstrom and his wife, Dusty. By 1982, their small two-location car rental business had grown to almost 100 franchises and one corporate-owned location. In 1983, the 150-location company changed its name to Payless Car Rental System Inc. In 1989, Netterstrom sold the company to a Taiwanese investment group. Eighty percent of the privately held company's franchise units are conversions; 47 percent of the franchisees own multiple locations.