Protect you and your customers with this free car rental agreement template. Create, send, and eSign documents in a flash.1. Enter the names and addresses of the owner and renter. A car rental agreement template is signed between the owner of the car and the person renting as a mutual agreement that the car was taken in good condition. The Renter also agrees that only the vehicle is covered under insurance and the driver or passengers are not covered. This comprehensive template outlines all the essential terms, from rental duration and vehicle condition to liability coverage and fuel policies. The following are Texas motor vehicle rental tax rates: 10 percent for rental contracts of 1-30 days (short-term rental). In plain English, a contract sets out an agreement between two parties. What happens when out-of-state residents have their vehicles towed? What if I was driving a rental car and it was towed?