name your price car rental

name your price car rental

Name Your Price Car Rental

* The Name Your Own Price® Winning Bid examples shown above are typical of accepted customer bids for these areas and car classes. They are actual bids offered by Priceline Name Your Own Price® customers and accepted by Priceline for reservations made in the last 21 days of the email send date. Winning bids are suggested offer amounts only, and there is no guarantee that your bid will be accepted. Bids do not include taxes and fees. Savings claim based on a comparison of Priceline Name Your Own Price® accepted offers to the lowest available retail rate on leading online travel websites for the same location, car class and pick up and drop off dates and for rates available on the same day as the Name Your Own Price offer. Savings are not guaranteed. Priceline’s Name Your Own Price® reservation service is different from fixed price travel sites. With Priceline’s Name Your Own Price® reservation service, the exact rental car company is shown only after purchase. All sales final. There is no guarantee that specific rental cars, dates or prices will be available.
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Name Your Price Car Rental

Find cheap car rentals and save Looking for a sweet deal on a car rental? Look no further. Rent a car with Hotwire and see more savings. We work with brand-name rental agencies to help you find the car rental for your trip with a variety of car sizes and convenient pick-up and drop-off locations at the airport and in town. From online reservations you can easily change, to dedicated customer service, to less expensive insurance and cheap car rentals—Hotwire is trusted by over 5 million customers to make car rental a snap. Need to rent a car with lower fuel costs? Hotwire offers economy car rentals for as low as $11.20 per day†. Round trip or one-way, luxury or cheap car rentals, Hotwire has your ride!
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Name Your Price Car Rental

Looking for a sweet deal on a car rental? Look no further. Rent a car with Hotwire and see more savings. We work with brand-name rental agencies to help you find the car rental for your trip with a variety of car sizes and convenient pick-up and drop-off locations at the airport and in town. From online reservations you can easily change, to dedicated customer service, to less expensive insurance and cheap car rentals—Hotwire is trusted by over 5 million customers to make car rental a snap. Need to rent a car with lower fuel costs? Hotwire offers economy car rentals for as low as $11.20 per day†. Round trip or one-way, luxury or cheap car rentals, Hotwire has your ride!
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Name Your Price Car Rental

If you are making vacation plans and looking for an easy way to save some money try bidding on a low car rental rate. Bidding on car rentals allows you to name the price that you want to pay for a car rental. As of February 2010, Priceline.com is the only place that allows you to bid car rentals. Using Priceline to bid on car rentals is a fairly easy process. Just make sure you are ready to book your rental when you bid, as a successful bid results in immediate, full pre-payment.
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Name Your Price Car Rental

Check the price for your car rental on major online travel agency sites, including Expedia, Orbitz and Travelocity. Also, check prices directly on car rental websites. Take note of the total price, which includes fees and taxes, and not just the daily price. Some quotes you get will already have the fees configured into the daily price, while others will not.
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Name Your Price Car Rental

Step 1Check the price for your car rental on major online travel agency sites, including Expedia, Orbitz and Travelocity. Also, check prices directly on car rental websites. Take note of the total price, which includes fees and taxes, and not just the daily price. Some quotes you get will already have the fees configured into the daily price, while others will not.
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Name Your Price Car Rental

Originally, Name-your-own-price sales are considered “opaque” by marketers because buyers “don’t know the name of the supplier (airline, hotel or car rental company) or the schedule (with air tickets) until after” they make a nonrefundable purchase. Suppliers benefit because they can sell to the most price-conscious buyers/travelers without publicly disclosing those low rates.
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Name Your Price Car Rental

The NYOP retailer “acts as an intermediary between the consumer and the wholesaler.” The intermediary needs to determine a threshold price above which they are willing to accept the offer from the consumer. As the consumer’s offer succeeds, this leads to two sources of profit. The first source is the information rent the intermediary receives, which is the difference between the consumer’s submitted offer price and the threshold price. The second source is the difference between the threshold price and the wholesale price, if the NYOP retailer chooses a threshold price that is above the wholesale price. The NYOP retailer also has control over the user interface design. Therefore, the retailer may influence the consumer’s haggling effort “via the amount of information the consumer has to key in for every offer”. In addition, the NYOP retailer is in charge of choosing the time delay between receiving an offer from the consumer and informing him/her about the offer’s outcome (whether it is accepted or rejected) and this impacts the consumer’s haggling effort directly.
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I hate booking rental cars.  Prices change all the time and coupon/contract codes vary from city to city, month to month, and what you may or may not qualify for.  The lack of transparency in what a rental car “should” cost makes this frustrating!
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Priceline.com has two different methods of price discrimination according to the product categories offered. For example, for multi-attributable products that are fairly close substitutes, such as hotel accommodation or air travel, Priceline uses a certain price discrimination method where potential buyers place offers on such products, uncertain about some of the attributes of the product. For instance, customers placing offers for air travel are uncertain about the travel schedule in details and do not know which carriers will place their orders, thus allowing Priceline to screen consumers according to their type, and this in turn allows airlines to serve customers that they were not able to distinguish from less price-sensitive customers before. Priceline uses a different price discrimination method for selling undifferentiated goods. Using this method, Priceline uses haggling effort—representing consumer effort and time loss from the online haggling process— as a way of discriminating between different customers. For example, a consumer placing an offer for calling capacity can start with a low offer and then— after waiting for a 60-second time period and then getting rejected— the offer is incremented. Before barring customers from submitting additional offers for 24 hours, Priceline allows customers to submit three offers consecutively for the same phone number and the same capacity. Priceline claims that with their breakthrough Name Your Own Price feature, they quickly became the “traveler’s cool best friend.”
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In my experience, Priceline rental cars don’t have the same sizable discount that hotels do, but you can consistently save 10-20% compared to booking directly if you name your own price last-minute.  At that point, my plans are solid and I don’t mind prepaying a nonrefundable reservation, so even saving $20 is worth the three minutes it takes to bid on a car.
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Founded in 2010 by Carlos Hernandez and Andrey Yruski, Chiching.com, the San Francisco company, recently (June 2013) created a transparent NYOP model that allows buyers to select the businesses that they want to buy from as well as the pricing and value that they want to ask for. This new model is dynamic. A customer creates an offer and sends it to the businesses they select. The first business to accept the offer will accept the discounted voucher as payment toward the total bill. This is a highly dynamic model that gives businesses the ability to only accept offers that are profitable and timely. After the bidding, if no dealer has accepted the user’s price, the user receives nothing. If a businesses has accepted the offer’s discount terms, the customer must use their voucher during the business hours that were specified on the voucher. This transparent use of NYOP system helps establish goodwill in the marketplace and educated consumers what types of deals are reasonable. There are also a number of relatively new services that are offering “Name your price” to their customers. The patrons of these service companies say they appreciate having the privilege of being allowed to name their price, especially in a “down” economy. Internet by taskrabbit.com.
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Go to the Priceline website to place your car rental bid. As of February 2010, it is the only place you can bid on car rentals. Using your research, place your bid. Be sure to verify the details before confirming the bid, because if you are successful your credit card will be charged immediately and it is not refundable. If your bid is not successful, you have to wait 24 hours to bid again.
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Step 4Go to the Priceline website to place your car rental bid. As of February 2010, it is the only place you can bid on car rentals. Using your research, place your bid. Be sure to verify the details before confirming the bid, because if you are successful your credit card will be charged immediately and it is not refundable. If your bid is not successful, you have to wait 24 hours to bid again.

Published on Jun 1, 2017 | Under Car | By michael ellis
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