Payless Car Rental vs Hertz Car Rental Franchise Comparison

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

Start-Up Costs and Fees
 
Payless Car Rental Franchise
Hertz Car Rental Franchise
Investment $217,900 - $6,300,000$564,300 - $2,539,000
Franchise Fee $15,000 - $500,000$25,000 - $100,000
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
Hertz Car Rental Franchise
Experience
  • Industry experience
  • General business experience
    		• -

    Financing Options
     
    Payless Car Rental Franchise
    Hertz Car 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
    Hertz Car 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
    Hertz Car Rental 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 Hertz Car Rental

    "hertz

    Founded in 1918 in Chicago, USA, Hertz Rent A Car began life as a one-man business with a dozen cars for hire. Since then, Hertz has grown, changed and innovated until today it boasts 10,000 car hire locations across six continents and 145 countries - including the first global car rental business in China. The largest general use airport rental car provider in the world, Hertz is a globally recognized and trusted brand. Hertz founder, Walter Jacobs, invented the car rental industry and though the business has seen changes in ownership over the years, that tradition of innovation has always been retained. Hertz pioneered airport car rental locations (a sector which they continue to lead) and was the first in the market to introduce travel agent booking systems, an express service, onboard navigation, instant return, and online check-in. Committed to superior customer service and cost-efficient vehicle leasing, Hertz offers both commercial and leisure hire options.

    The total investment necessary to begin operation of a new Hertz Business (excluding real estate) is $564,300 to $12,539,000. For new franchisees, this includes $25,000 to $100,000 that must be paid to the Franchisor or its affiliates. For any franchisee that is purchasing from the Parent or its affiliates the assets of certain existing car renting business locations, the investment may include a franchise fee of several hundred thousand dollars or more that must be paid to the Franchisor or its affiliates.