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How To Use Fair Car Rental To Get An Affordable Vehicle

Is there something in between leasing a car and renting one for rideshare? It’s called Fair car rental, and it’s revolutionizing how people access cars.

Key Takeaways

  • Fair offers a flexible car leasing alternative with a monthly payment and no long-term commitment.
  • Access a wide range of vehicles through an app, with no hard credit inquiry required.
  • Start Payment and monthly fees vary based on vehicle value and credit assessment.
  • Return the car any time, only pay for the period used, enhancing user flexibility.

What Is Fair Car Rental?

Fair Car Rental is an innovative service that allows you to access a wide range of vehicles through a monthly payment plan, without the long-term commitment of a traditional lease or the need for a loan.

Unlike typical car rentals or purchases, Fair offers the flexibility to “trade up” to a different car at any time, requires only a one-time upfront fee along with the monthly payments, and does not necessitate a hard credit inquiry, thereby not affecting your credit score.

To use Fair, you simply need a valid driver’s license and a bank account. The process, facilitated entirely through an app, involves a soft credit inquiry for eligibility, selection of a vehicle from a list based on your payment capability, and digital signing to finalize the agreement before picking up the car from a partnered dealership.

This model is built on Fair’s unique financing approach, in partnership with dealerships across the United States, making car access straightforward and hassle-free.

How Much Does Fair Car Rental Cost?

The cost of using Fair Car Rental depends on several factors, including your credit score.

Although Fair conducts a soft credit inquiry, which does not affect your credit history, this inquiry allows Fair to assess your payment responsibility and overall debt.

This assessment, along with advanced data analytics, helps determine your payment capability and influences the monthly payment and Start Payment required for the car you choose.

The Start Payment, a non-refundable fee varying with the vehicle’s value, along with the monthly payments, are tailored to be affordable based on your financial situation.

The exact amount you’ll pay is determined after scanning your driver’s license and selecting a car, at which point Fair will present you with the specific costs.

The first monthly payment is due 30 days after vehicle possession, and you can return the car at any time, paying only for the period you used it.

It is worth noting that Fair has a 3-Day No Risk Return policy.

This means that you can get a full refund of your Start Payment as long as you return the car within three days and have put less than 100 miles on it. Otherwise, your Start Payment is non-refundable.

How to Sign Up for Fair

So how do you sign up for Fair? It’s a simple process that only takes a few minutes.

First, you’ll need to download the Fair app from the Apple App Store or Google Play Store.

Once you have the app, open it and enter your phone number. Fair will then text you a verification code, which you’ll need to enter.

Once you’ve done that, you’ll see a screen like this one:

The Complete Guide to Fair Car Rental

Tap “Next” to take a photo of your driver’s license.

You’ll be prompted to give Fair access to your phone’s camera:

Complete Guide to Fair Car Rental

You’ll then need to take photos of the front and back of your driver’s license against a dark background.

After you’ve done that, you’ll be able to see a summary of your information.

Confirm that it’s correct, and then consent to Fair’s soft credit inquiry.

Afterwards, the app will show you the max Fair believes you can afford to spend each month:

The Guide to Fair Car Rental

You’ll then be able to browse cars that meet your criteria.

Guide to Fair Car Rental

Note that while Fair determines a maximum amount you can spend, you’re not required to spend that much (and probably shouldn’t).

The app also lets you filter by many other things, including mileage, color, and vehicle age.

Your Guide to Fair Car Rental

Once you find a vehicle you like, tap on it to find out more details:

Your Complete Guide to Fair Car Rental

You can even see your Start Payment.

Note that, just like with a down payment on a car loan, you can decrease your monthly payment by paying a higher Start Payment up front.

You can also lower the Start Payment if the default amount is too high, though doing so will result in a higher monthly payment.

Your Step-by-Step Guide to Fair Car Rental

If you’re happy with your selection, Fair can show you a preview of your contract:

Step-by-Step Guide to Fair Car Rental

If you’re ready to make your selection, tap “Next.” You’ll then need to enter your email address:

The Step by Step Guide to Fair Car Rental

Fair will email you a verification code. Enter it onscreen:

Step by Step Guide to Fair Car Rental

Once you’ve done that, you can confirm the order details.

Tap “Start Order” if you’re happy with them and want to proceed:

A Complete Guide to Fair Car Rental

You’ll now need to enter your bank account or credit/debit card information.

This is to make your Start Payment.

Fair needs to verify that you actually have the funds to pay this amount before you can get the car:

A Guide to Fair Car Rental

After you’ve done this, you’re almost done. It’s just a matter of signing within the app You’ll then receive an email with information about where to get your car.

Frequently Asked Questions

What vehicles does Fair offer?

Fair offers over 30 different brands of high-quality, pre-owned and certified pre-owned cars, trucks, and SUVs. All Fair cars have less than 70,000 miles, and many are nearly new.

Using a fleet of used cars allows Fair to offer lower prices than, for instance, leasing a new car. You’ll find everything from makers as diverse as Nissan, Honda, and BMW, with a vehicle priced to match your needs.

Does Fair include maintenance?

Fair contracts include routine vehicle maintenance, including filter changes, oil changes, tire rotations, and multi-point inspections. You’re responsible for all other maintenance costs.

Do Fair cars have a warranty?

Yes, all cars come with a limited warranty. You’ll be able to see the details when you go to get your specific car.

Does Fair offer roadside assistance?

Yes, all Fair cars come with roadside assistance included.

5. Does Fair include insurance?

By default, no. However, you do have the option to add insurance coverage to your vehicle through Fair.

They bundle this with your monthly payment, saving you the hassle of paying two separate companies or shopping around for insurance quotes.

You are free to use another auto insurer, however.

Fair also offers wear-and-tear protection, which protects you from additionals charges related to excessive wear and tear on your vehicle.

Does Fair have a mileage limit?

Yes, the cars have a default mileage limit of 10,000 miles per year. You can pay for additional miles up front at a rate of $0.10 per mile. If you add more miles than you estimated up front, you’ll pay $0.14 for each additional mile.

Is my information safe with Fair?

While no system is ever 100 percent secure, Fair does the utmost to protect all your financial and personal information, using bank-level encryption to keep your data secure.

Does Fair check my driving history?

Probably. The company does not explicitly say so, but given that they offer insurance quotes and have your driver’s license number, it’s likely.

They would need to be able to access your driving record in order to figure out how much of a risk you’ll be to insure (and what price to quote you).

The company is understandably vague about the details of the algorithm that evaluates potential drivers, so we can only speculate in the end.

Where is Fair Car Rental Available?

Fair Car Rental is accessible in more than two dozen cities across the United States, including major locations such as Boston, Chicago, Dallas, Los Angeles, Nashville, New York City, Philadelphia, San Antonio, San Diego, and Seattle. To see if Fair is available in your area or to view a complete list of cities, you should visit Fair.com.

Get Started Driving Today With Fair

We hope this guide has shown you how easy it is to get a car using Fair. It’s a great option if you have limited credit history, can’t come up with the cash for a down payment, or don’t want to commit to a long-term lease or car loan.

Visit Fair.com to get started driving today.

1 thought on “How To Use Fair Car Rental To Get An Affordable Vehicle”

  1. Hi Brett. Maybe you can help me. I. Need to get a copy of my fair, formerly xchange lease, vehicle contract. Apparently some scheister bought their accounts receivable and are trying to collect $950.00 for the remaining months of original lease. I turned everything in. Everything was paid up to date and that’s why the contract had a $250.00 deposit for early returns. Please help. Thanks

    Reply

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