Pay For Car Rentals With … Bitcoin?

E-Z Rent A Car isn’t my first choice of rental car companies, but I find myself using them an increasing amount in Las Vegas where they sometimes charge only 1/3 the price of the “big” rental companies. That used to mean bad cars and terrible service too, but recently, the company partnered with Europcar which considerably improved their standards. You get the same cars and staff at double the rates if you reserve from Europcar vs. E-Z.

E-Z Rent A Car doesn’t rent these, but some of the cars they have rented me aren’t much better!

People who rent from E-Z are value driven and are often more … marginal rental car clients. After all, these aren’t business traveler road warriors. Accordingly, E-Z has some unusual policies and promotions from time to time. I haven’t quite seen something as unusual as this, though: E-Z Rent A Car now allows payments in Bitcoin. You can also change your E-Z Money loyalty program points (if you happen to have any) into Bitcoin.

For what it’s worth, I’m a Certified Bitcoin Professional so I can tell you with some level of authority that this is insane. There is practically no method of payment with higher transaction fees than Bitcoin, especially given the relatively low rental fees that E-Z Rent A Car charges. The cryptocurrency is designed for low-velocity transactions in high dollar amounts.

Do you expect other rental car companies to accept Bitcoin payments? Comment below! 🙂

Avoiding Rental Contract Tricks Abroad

Renting a car outside the United States can be a lot different than renting one within it. There are plenty of pitfalls that can trip you up and cost you extra. I just rented a car from a small, local company in Budapest and there were even more traps than usual. So, although the last thing that you may want to do after a long international flight is sit down and read the tiny print of a rental contract, it pays to go through it.

First, when you rent a car abroad, all of the normal stuff that you need to watch out for in the US applies. Be sure that you inspect the car for damage before you get in and drive off. Don’t believe anything the rental agent says about the damage not mattering–be sure that it’s carefully noted on the rental form. Also don’t be afraid to take a quick photo of the agent with the car, especially if there is visible damage. This will go a long way towards ensuring there are not arguments later.

Other things to watch out for are insurance scams and additional driver charges. Unless you rent with a rate that includes multiple drivers, you will probably have to pay extra for each driver. And then there’s insurance. It works differently abroad. In the European Union, Australia and New Zealand, all rental cars include both comprehensive and liability insurance. However, there is typically a 10% deductible and also an “excess,” which is an amount that you have to pay before any coverage kicks in. Many credit cards include insurance that will entirely cover any damages to the rental car, so you don’t need this coverage. However, this doesn’t typically stop rental car companies from trying to insinuate that the insurance is required, or that you will have problems using credit card insurance. There definitely can be insurance problems if you use a credit card, but these can be avoided by reviewing the coverage in advance. Note that all bets are off in Israel, Jamaica, Ireland and Northern Ireland where no credit cards offer coverage for rental cars.

However, some charges are out of left field. Have you ever taken a rental car to a car wash? Make sure that the contract doesn’t require it, and that there isn’t a car wash fee. In the contract, there was a 15 euro car wash fee, unless I washed the car myself! Since the car wasn’t actually clean when I rented it, I got the rental company to waive it, but I doubt they would have done so if I hadn’t asked up front. Additionally, there can be a border crossing fee. I needed to cross into Croatia from Hungary, and paid an additional 19 euro charge to do it. However, the vehicle was monitored via GPS, and if I hadn’t paid this, the rental car company would have fined me 150 euro as a penalty–and that charge is per border I crossed. In Europe, countries can be roughly the size of postage stamps, so this can add up in a hurry. Finally, there was an administration fee. If I had run up any tolls, traffic fines, or parking fines, these would all be individually billed with a 50 euro surcharge per item.

Read the fine print when you rent, and avoid nasty surcharges! There are few nice surprises when it comes to renting cars.