Franchise buyback is undoubtedly the bête noire of car rental. And yet, it allows for significant savings once its use is well understood by the customer. Focus on franchise buyback by MultiAuto, expert in car rental Réunion.

What is franchise buyout?

When renting a car, customers are faced with a deductible. The deductible is simply the total amount of damage to the car or theft. This total is the customer's responsibility. The deductible amount is initially stated in the rental agreement.

According to the rental companies, the rented car and theprovident insurance subscribed for your rental car, the amount varies from a few hundred euros to several thousand.

Customers looking for a car rental can consider the excess as a point of comparison. For example, your rental agreement states that the excess is set at €2,000.

The rental car is damaged, and you're at fault for this mishap. You owe the rental company the cost of repairing the vehicle up to the excess amount. That means you'll have to pay €2,000 out of your own pocket. To avoid this type of expense and ruining your vacation, it's in your best interest to opt for an excess waiver.

Buying back the franchise, a real advantage?

When booking a car rental, the customer has the option to purchase the excess. This is called an excess waiver. It's an additional fee of around ten euros per day, usually added. This allows the vehicle renter to waive the excess.

Depending on what is written in the contract, the deductible buyout covers the tenant for risks such as accidents and theft. Also according to the contract, it is possible for the tenant to buy back part or all of the deductible.

A partial buyout reduces the excess amount to be paid in the event of an accident or theft. A full buyout covers all costs related to the incident or theft. Before booking your rental car, it is strongly recommended to check with the rental company about the terms and conditions of the excess buyout.

This way you can see what is most beneficial for you.