Payless Car Rental vs Automatic Car Credit Franchise Comparison

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

Start-Up Costs and Fees
 
Payless Car Rental Franchise
Automatic Car Credit Franchise
Investment $217,900 - $6,300,000$250,000 - $416,700
Franchise Fee $15,000 - $500,000$10,000 - $25,000
Royalty Fee 4-5%$125/vehicle
Advertising Fee -$500-1,000/Mo.
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
Automatic Car Credit Franchise
Experience
  • Industry experience
  • General business experience
    		• Do I need to have auto industry experience to purchase a franchise? We recommend that you do. However, an individual that demonstrates great people skills, business sense, is driven, and can motivate others can probably hire individuals with the necessary experience.

    Financing Options
     
    Payless Car Rental Franchise
    Automatic Car Credit 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
    Automatic Car Credit Franchise
    Training Ongoing training available as neededReady to learn more about auto financing, inventory control, and marketing than you ever dreamed? Automatic Car Credit has a rigorous training program ready for you. It covers every area essential to running your franchise. And ongoing training will be available on an as-needed basis.
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
    Marketing National mediaTV and radio commercials that are clear and compelling, making Automatic Car Credit stand out from the competition. The Web site is another excellent marketing tool. There is no question: your marketing message will be loud, clear, and highly professional!
    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
    Automatic Car Credit Franchise
    US Expansion -Yes
    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 Automatic Car Credit

    Buckle Up! It's going to be a fast ride to your future with...Automatic Car Credit.
    We're a used car dealer that specializes in helping people establish or re-establish their credit through the purchase of a vehicle. Since the early 1990's, our proven financing system has allowed thousands of customers purchase the vehicle they want, and more importantly, can afford. We have a different selling philosophy in that we are low pressure and treat customers equally, regardless of credit worthiness. Our model allows the customer to deal with one person throughout the buying experience. Secondly, we sell credit. Pardon the pun, but the vehicle is the "vehicle" in which we do it.
    Why should you choose us? * We're a Nation on Wheels * We're a High Octane Business * Tough times put lender's in the driver's seat * The Benefits are Practically Automatic! * Automatic Franchise Support Providing customers with the loans they need for the vehicles they can afford - while offering super-charged opportunity to a few, hard-driving franchisees.