Payless Car Rental vs NextCar Franchise Comparison

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

Start-Up Costs and Fees
 
Payless Car Rental Franchise
NextCar Franchise
Investment $217,900 - $6,300,000$338,950 - $813,135
Franchise Fee $15,000 - $500,000$22,500 - $125,000
Royalty Fee 4-5%-
Advertising Fee --
Year Founded 19712004
Year Franchised 19712015
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee $2.5K-


Business Experience Requirements
 
Payless Car Rental Franchise
NextCar Franchise
Experience
  • Industry experience
  • General business experience
    		• -

    Financing Options
     
    Payless Car Rental Franchise
    NextCar 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
    NextCar 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
    NextCar Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion YesYes

    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 NextCar

    "NextCar
    NextCar is THE place to get your next car rental. Operates a business that offers motor vehicle rentals, leases, car sharing and other mobility services, rent-to-own, and used vehicle sales to the general public. We have compact through full size, SUV's and moving trucks and we specialize in high end car rentals like BMW, Lexus, Infiniti, Mercedes and more!