21 Oct, 2017 @ 16:11
1 min read

Costa del Sol car hire firms could lose FORTY THOUSAND vehicles as banks ‘not offering sufficient credit’

car hire price drops
Car hire firms

CAR hire firms in the Costa del Sol are being forced to reduce their fleets as banks are not offering sufficient credit.

A fleet of 40,000 cars belonging to 200 car rental firms is now at risk in Malaga.

The financial crisis, and the decline of the travel industry have been blamed for the lull in people hiring vehicles.

Central Car manager Antonio Quintana said: “To maintain a fleet of 100 cars a company is left with around 1.3 million of debt.

“But with the banks refusing to issue credit to buy fleets, there are fewer cars to offer.”

President of the Association of Rental Services Ana Maria Garcia said: “The lack of funding has wreaked havoc.”

1 Comment

  1. I’ve stopped hiring a car in Spain due to the ludicrously expensive insurance, nothing to do with the banks or drop in visitor numbers – just greedy car hire companies.

    I get the autobus from Granada airport to Martos – much better way to see Spain AND much cheaper!

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