Payless Car Rental
We provide short-term vehicle rental services to business and leisure customers, renting automobiles without drivers for periods of 180 days or less. Our businesses operate under the Payless name and a standardized operating system designed for consistent rental, pricing, and customer service. In addition to vehicle rentals, we may offer related products and services such as loss damage waivers, optional insurance, refueling services, child seats, navigational devices, portable radios, and tire chains, where authorized. We also participate in corporate rate programs for national accounts and use a computerized reservations system to manage locations and bookings. Our locations compete with other vehicle rental businesses in both developed and developing markets across the United States.
Your franchise match score
Automotive
Brand highlights
- CEOJoseph A. Ferraro
- Headquarters379 Interpace Parkway, Parsippany, NJ, 07054
- Year founded1971
- Year started franchising1971
- IndustryAutomotive
- Locations open118 (+16 last three years)
Statistics & metrics
- Investment range$605,500 - $1,588,400
- Franchise fee$25,000
- Royalty7.5% of “Gross Revenue”of the Licensed Business
- Brand fundCurrently $0
- Required Liquid CapitalN/A
- Required Net WorthN/A
Learn more about the Automotive industry:
The automotive industry offers a wide range of franchise opportunities, from repair and maintenance shops to car washes and dealerships. This sector is known for its steady demand and resilience, making it a popular choice for aspiring business owners.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2024-04-29
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about Payless Car Rental, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of Payless Car Rental's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving Payless Car Rental, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a Payless Car Rental franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information Payless Car Rental provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 118 |
| Franchise locations | 12 |
| Corporate locations | 106 |
System growth over time
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