Payless Car Rental vs Budget Car & Truck Rental Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Payless Car Rental vs Budget Car & Truck Rental including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Payless Car Rental Franchise
Budget Car & Truck Rental Franchise
Investment $217,900 - $6,300,000$166,700 - $451,000
Franchise Fee $15,000 - $500,000$20,000
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
 
Payless Car Rental Franchise
Budget Car & Truck Rental Franchise
Experience
  • Industry experience
  • General business experience
    		• -

    Financing Options
     
    Payless Car Rental Franchise
    Budget Car & Truck Rental Franchise
      In-House/3rd PartyIn-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
     
    Payless Car Rental Franchise
    Budget Car & Truck Rental Franchise
    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)

    		-

    Expansion Plans
     
    Payless Car Rental Franchise
    Budget Car & Truck Rental Franchise
    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.

    About Budget Car & Truck Rental

    Budget Rent a Car is one of the largest car and truck rental companies in the world, with locations in more than 110 countries and all 50 United States. With more than 3,000 rental shops, including at 825 airports, Budget Rent a Car circulates approximately 232,500 vehicles. Though Budget Rent a Car began as a strictly low-cost rental option to other companies charging daily and per-mile rates, the company has grown substantially in its 50-plus years of operation, and has been ranked as the world’s third-largest vehicle rental company.

    "Top

    #41 in Canada's Top franchises.