Rates in mainland Spain at this time of year are very low. I guess it’s all supply and demand,. Hire fleets are large to meet summer demand when rates soar and few want to hire in winter.
In winter sun destinations like the Canaries and Cyprus January and February are peak season with corresponding high rental prices. Have a Panda booked for four weeks in Feb/March on the island of La Palma for EUR 428 with no excess which I think is quite reasonable
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