What is a Rental Car Hold or Deposit?
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When renting a car, one of the common terms you'll encounter is the "rental car hold" or "deposit." This aspect of the rental process can often be confusing for first-time renters or even seasoned travelers who haven't rented in a while. Understanding what a rental car hold is, why it's necessary, and how it works can help you navigate the car rental process with ease and avoid any surprises at the rental counter. What is a Rental Car Hold? A rental car hold, also known as a deposit, is a sum of money that the car rental company temporarily blocks on your credit card when you pick up your rental vehicle. This hold acts as a security measure to cover potential additional costs that may arise during your rental period. These costs can include fuel charges if the car is returned without a full tank, extra mileage beyond what was agreed upon, tolls, damage to the car, late return fees, or any traffic fines incurred during the rental period. How Does a Rent...