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Mark Bower

Mark founded MoneyMaxim in 2008, with the aim of delivering an impartial and independent service. Mark is a regular money saving expert in the press and writes regular news and articles for the MoneyMaxim news pages sharing his views on banking, personal insurance and the utilities (gas, electricity, mobile and home phones, broadband and pay TV) market with customers.

Holiday makers find relief in cheaper car hire costs as pound strengthens.

Holiday makers find relief in cheaper car hire costs as pound strengthens.

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The strengthening pound is bringing benifits to UK holiday makers as car hire rentals both in the US and Europe are falling in cost in line with the rise in the pound.

Travellers who have yet to book their car hire this summer will find that prices, where avaliability remains high, have fallen back as the pound has moved forward. Cars rented in this country but hired abroad tend to be priced in the local currency but this is then converted to pounds at the time payment is made.

Those looking to book are urged to check prices now as in some destinations it is now difficult to find avaliability for some class of cars, but this recent surge in the pound strength is certainly compensating at least partially for the general rise in car hire costs.

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