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By Enterprise Car Sales
What if you could find for members an automobile that you knew had been well
maintained the first year of its life – regular oil changes, brakes and
other parts inspected often? And what if that year-old car also came with a
12-month/12,000-mile warranty and a seven-day repurchase policy? Any member
would be grateful to get such a well-maintained automobile.
Actually, this scenario requires no imagination. Credit union managers and
car loan officers have access to literally tens of thousands of these types
of late-model, high-quality used vehicles via car rental companies.
The truth is rental cars are some of the best buys in the used car market.
These vehicles, while driven by multiple motorists, receive much more TLC than
the average consumer-owned vehicle.
But while many car buyers understand the advantages of a used vehicle over a
new car (especially the depreciation tied to new vehicles), they may not consider
the benefits of purchasing a rental vehicle.
In 2003, 1.7 million rental vehicles were sold in the United States. Many were
passed directly to auctions and onto car dealer floors. However, tens of thousands
were selected by rental companies for their own resale businesses. These vehicles
represent the “cream of the rental crop.”
For instance, most of the vehicles on Enterprise Car Sales lots are chosen
Rent-A-Car’s fleet of more than 700,000 rental and fleet services vehicles.
This might be the best opportunity for credit union members to buy a quality
rental vehicle – and all the advantages that come with the purchase.
Enterprise is unique in that each vehicle passes a 109-point inspection by
an ASE certified master technician and comes with a 12-month/12,000-mile limited
warranty and a seven day/1,000 mile repurchase policy.
The credit union also benefits: Enterprise guarantees that credit unions receive
100 percent of used car loans 100 percent of the time. Enterprise also optimizes
member loyalty by creating tailored used car buying/loan programs, such as free
car buying seminars, co-branded Web sites, and comprehensive marketing plans.
Consider the qualities rental cars offer for purchase:
Rental cars provide a tremendous value option for credit unions and members
alike. It’s something to keep in mind the next time a member asks, “Where
can I get a good deal on a car?”
This sponsored content article is provided to the credit union community for shared insights and knowledge from a recognized solutions provider in the industry. Please note that the views and opinions offered here do not reflect those of Callahan & Associates, and Callahan does not endorse vendors or the solutions they offer.
If you are interested in contributing an article on CreditUnions.com, please contact our Callahan Media team at firstname.lastname@example.org or 1-800-446-7453.
September 27, 2004
7/26/2012 04:12 PM
One caveat to Enterprise sales: Their own disclaimer states that the cars come Enterprise rental fleets, other auto rental fleets or from an auto auction. Therefore the cars may not have been maintained to the level stated in this article.
In response to a posted comment regarding the purchase of an Enterprise Car Sales vehicle, we wanted to clarify our commitment to our customers, including Credit Union members.
All of the vehicles we sell to the public undergo a rigorous 109-point inspection by an independent, ASE-certified mechanic. In addition, we have a 7-Day Repurchase Agreement which allows a customer to return a vehicle if not completely satisfied. Our vast inventory of more than 700,000 vehicles allows us to select only the best units from our company-owned fleets. A small portion of our vehicles come from outside sources to give our customers variety, but still carry the same certification and our 7-Day Repurchase Agreement.
In addition, we include a 12-month/12,000-mile limited powertrain warranty with each and every vehicle we sell. Most of our vehicles also have the balance of the factory warranty, and we offer extended service contracts for further peace of mind. All of this, combined with our company's pursuit of completely satisfied customers, make Enterprise Car Sales the best place to buy a used car.
I hope this clarifies our commitment to selling only the highest quality vehicles to Credit Union members.
- Dennis Brooks, Enterprise Car Sales Corporate Inventory Manager
Enterprise Car Sales used to be great to work with, now they have a pure car dealers' mentality and the credit union gets the deal or gets to participate in the sales only on Enterprise's terms. Normally terms not conducive to credit unions!
This is an advertisement for a vendor - shame on you!
Good article. Thank you for sharing ideas for us to turn into action. :-)
7/26/2012 04:10 PM
Thank you for this valuable info.
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