Rent-A-Wreck

Used auto rentals and leasing

About

Founded

1970

Franchising Since

1977 (43 Years)

Corporate Address

13900 Laurel Lakes Ave., #100
Laurel, MD 20707

CEO

Jack Fitzgerald

Parent Company

Bundy American Corp.

Financial Requirements

Initial Investment ⓘ

$159,105 - $459,607

Net-worth Requirement ⓘ

$250,000

Liquid Cash Requirement ⓘ

$50,000

Ongoing Fees

Initial Franchise Fee ⓘ

$18,000 - $75,000

Ongoing Royalty Fee

$34/car/mo.

Ad Royalty Fee

$8/car/mo.

Financing Options

Rent-A-Wreck offers in-house financing to cover the following: franchise fee, startup costs, equipment, inventory

Rent-A-Wreck has relationships with third-party sources which offer financing to cover the following:  franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives

$2,000 off franchise fee

Support Options

Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Marketing Support

Ad Templates

National Media

On-The-Job Training:

3 days

Classroom Training:

5 days

Additional Training:

At counter classes, marketing seminar, and through newsletter

Absentee Ownership Allowed

Number of Employees Required to Run:

Cost

Initial Investment: Low - $159,105 High - $459,607

Units

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.

Franchise Financing

Using 401(K)/IRA Funds

Tax Penalty-Free
Debt Free
Expert Guidance

Learn More

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: August 15th, 2016

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Rent-A-Wreck Used auto rentals and leasing