Latest news with #car rental
Argaam
26 minutes ago
- Automotive
- Argaam
Dar Almarkabah signs MoU to acquire Al Sahm Car Rental
Dar Almarkabah for Renting Cars Co. signed on Aug. 10 a memorandum of understanding (MoU) with Al Sahm Car Rental Co. to acquire the latter. In a statement to Tadawul, Dar Almarkabah said the MoU, which is effective for six months, defines the framework for the preliminary mutual rights and obligations between the parties. Under the MoU, the financial and legal due diligence will also be conducted. This is in addition to determining the acquisition percentage and the financial consideration for the transaction based on the results of the financial valuation and due diligence. The MoU also includes customary provisions governing the confidentiality of information. No financial advisor has been appointed at this stage, the company said, adding that any material developments will be announced in due course. The acquisition will be subject to a number of regulatory approvals, including the relevant authorities in Saudi Arabia, and any other approvals required to complete the transaction. The company will follow all applicable regulatory procedures to complete the negotiations and reach the final agreement. According to Argaam data, Al Sahm was founded in 2019 in Jeddah as a car rental company. It operates a fleet for vehicle rentals, including long-term rentals.
CTV News
01-08-2025
- Automotive
- CTV News
Ontario senior denied rental car because he surpassed the company's age requirement
One Ontario man reached out to CTV News after he was denied renting a vehicle because he was more than 79-years-old. CTV's Pat Foran reports. One Ontario man reached out to CTV News after he was denied renting a vehicle because he was more than 79-years-old. CTV's Pat Foran reports. A man hoping to rent a car to drive from Ontario to British Columbia to visit family said he was denied because he was over 79 years old. John Januszczak and his wife Carol Anne of Oakville, Ont., recently visited with family in British Columbia. Before they departed from Toronto, the couple told CTV News they booked a rental car, however, when they arrived at the rental counter in Victoria, they said they were turned down. 'When John handed (over) his driver's licence the woman at the counter said, 'Oh dear, I'm sorry we can't rent to you because you're over 79 years old,'' said Carol Anne. 'We had never heard of that before.' Carol Anne was still 79 for another three months, so she was able to rent the vehicle, but John, who is 85, wasn't allowed to get behind the wheel. The couple said the situation could have been worse had Carol Anne not been within the company's age range. 'If you had a trip arranged and you put deposits on hold and you put deposits on hotels, that could be quite costly,' John said. The Januszczaks said the vehicle they rented was with National Car Rental, whose parent company is Enterprise Mobility. When CTV News reached out to the company on the Januszczak's behalf, a spokesperson said in a statement, 'The National Car Rental branch in Victoria, BC, is operated by an independent licensee, which sets its own policies and procedures.' 'Their age requirements for rental are outlined on their website, under Key Facts & Policies, when you begin a reservation.' Every car rental company is different. Some could deny you a rental if you're over the age of 79, or over the age of 70 outside of Canada. You can also be denied a rental if you're younger than 21 or 25 years old. Certain companies also cite limited driving experience, bad credit rating, an invalid driver's licence or improper forms of payment as reasons why a rental request could be denied. It's recommended to always check the fine print when making any reservations. 'If we were going on a big trip with a family or another couple, we could get there and find out that none of us could drive,' said Carol Anne.
Motor 1
21-06-2025
- Automotive
- Motor 1
'Here's How I Found Out:' Man Rents Out His Car on Turo. Then He Discovers a Customer Swapped Out His Transmission
One man says that a person who rented his car through Turo intentionally caused serious damage to the vehicle. Now he isn't sure if he'll ever get his money back. He wishes he had never done business with Turo. Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . TikToker Pauli (@champagnepauliiiii) recently revealed what happened when he rented his car on Turo. Pauli explains that he had a 2016 Ford Mustang in addition to his everyday work car. To make some extra money, he decided to rent the Mustang on Turo. 'I only rented it out once, and the piece of [expletive] swapped the transmission in my car,' Pauli says. 'I'll never rent on Turo again,' he adds. His post has over 112,000 views as of this writing. What Is Turo? Turo is like Airbnb but for cars. Instead of going the traditional route of renting through a place like Enterprise or Avis, it allows you to rent others' personal cars. Like how Airbnb disrupted the hotel market, Turo is disrupting the rental car service industry by offering cheaper prices, a wider selection, convenient pickup, and longer rentals. In most states, you can even rent a Turo through Uber . It's called Uber Rent, and they have access to Turo's car selection. How Did He Realize They'd Taken His Transmission? Pauli may never have known what happened if his Mustang didn't have a manual transmission. He says that after he got the car back, he had to change out the clutch multiple times within a few months. At first, Pauli says he just thought he didn't know how to shift properly. Trending Now 'That's Obviously a Villain Car:' Man Spots Honda Fit in Parking Lot. Then He Notices the Back 'Enjoy That Day Off:' Man Asks People to Photoshop a Video to Look Like He Crashed His Car to Skip Work. The Internet Complies But eight months and two clutch replacements later, he took it to the Ford dealership to try to get to the bottom of the persistent issue. 'These bolts have been replaced. These were not screwed back in properly,' he says the mechanic told him. Then he contacted Turo. He says they 'were not much help.' 'When you steal from a person that is trying to make it or an individual that is just trying to find a way to make a couple bucks, there is a real special place in hell for pieces of [expletive] like you,' Pauli says. 'I hope they got what they deserved." What Should He Have Done? Pauli's options are most likely limited. If he had opted into Turo's protection plan, Pauli would have had to send documentation of the vehicle's condition and file a damage claim within 24 hours of getting his Mustang back. Pauli doesn't say in the video whether he signed up for the protection plan. But since he didn't know about the damage until eight months later, he wouldn't have been able to file a claim within 24 hours, anyway. He could also sue the renter. This is probably his best option, but there are still roadblocks to relief. To prevail, he'd need proof the transmission was swapped out and that they were the one who did so. He'd also need their identifying information, such as name and address, which he might need to get from Turo. This is further complicated by the fact that Turo's terms state that if you sue a renter, they may charge you $5,500 for breach of contract. So he could win a new transmission and still lose money. Is There Another Explanation? Multiple commenters said that there could be another reason why his transmission had new bolts. It's nowhere near as nefarious as a customer stealing it. 'Transmission has to be unbolted from the engine to do a clutch job,' wrote one. 'If clutch was replaced twice already by a 3rd party shop more than likely the bolts were replaced by the shop.'. 'Can't put that on the Turo ride. U had it opened up twice for clutch jobs. Could have been done wrong during that,' another said. Motor1 reached out to Pauli for comment via TikTok direct message and comment and to Turo via email. We'll be sure to update this if they respond. More From Motor1 The Ford Mustang GTD Is Even More Expensive Than We Thought Teacher Allegedly Rents Toyota Supra Via Turo For Land Speed Race Coolest Cars To Rent On Turo In America's 10 Largest Cities The Mustang's New Appearance Pack Is a 1980s Fever Dream Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
