A smart approach to long-term car rental
For a modern business person, a car has ceased to be a luxury and has become a commonplace means of transportation. Having a car "unties" you from public transport schedules and gives you freedom of movement and the ability to get to wherever you need to go. Unfortunately, not everyone has the opportunity to purchase their own transport. Or rather, they do, but when buying a used car, you may encounter many problems that will "empty" your wallet and please the service station employees.
That is why many people consider long-term leasing as an alternative to purchasing a vehicle. And not just because, after a detailed study of the issue, in most cases it turns out that renting a car is much cheaper than buying a new one or constantly repairing an old car. Well, let's find out if this is true!
What is long-term car rental?
Usually, when it comes to renting a car, most people only think of the short-term version of this service. Although in fact, most companies also offer long-term rental. And over the "long distances" (from several months to years), its conditions look much more favorable than purchasing.
With a long-term car rental, you are not obligated to buy it back, while the company that grants the right to use the car takes on all the costs associated with its maintenance, insurance, etc. Moreover, after the end of the term, you can return the car or choose a new one.
Advantages of long-term car rental
Let's say you are still hesitating whether to rent a car for several months or years. And we will try to dispel your doubts by prescribing at least a few advantages of such a decision.
Economic benefit
Unlike buying, long-term leasing with the option of monthly payments frees you from the following expenses:
- Payment of interest on the loan;
- Payment for re-registration of the car;
- Purchase of an insurance policy;
- Payment of taxes;
- Mandatory maintenance;
- Repair in case of breakdown.
After all, for the most part, these expenses are already included in the cost of the monthly lease. In the case of your own car, they fall on your personal budget.
Flexibility in choosing a car
With a long-term lease, you “untie” yourself from using the same car for several years before selling it. By renting a car, you can choose any type, class, brand or model without limiting yourself. And if you value modern technology and are not ready to update your own fleet, leasing is the best choice to drive a new car without spending any time or additional money.
Convenience and lack of headaches
If you have ever bought a car, you know about all the circles of bureaucratic hell that you have to go through before getting behind the wheel of your own car. And later, if you need scheduled maintenance or urgent repairs, you may be left without wheels at the most important moment. With long-term rental, you can forget about this "headache", because all you need to do is sign a contract and get the keys!
Who is long-term rental suitable for?
Not so long ago, this service was not in particular demand among ordinary Ukrainians and was profitable, mainly, for businesses. However, every year, the number of people who prefer this format of car ownership continues to grow exponentially. And entrepreneurs do not discount rental, especially when optimizing the company's budget. So let's figure out who exactly this option is suitable for.
For business and corporate clients
The need to use a car is inherent in any business, be it a small store, private production or a branch of an international company. And the best option to provide your employees with transport is long-term rental. Especially considering all the nuances and subtleties of car registration, as well as the cost of its maintenance in the future.
For individuals
More and more "ordinary" Ukrainians are choosing leasing as an alternative to buying their own transport for several reasons:
- The constant increase in the cost of new and used cars due to the unstable hryvnia exchange rate;
- Prices for related services, including scheduled maintenance, repair or replacement of spare parts;
- The desire to use modern transport without having the money to purchase it.
And these are just a few reasons why this service is gaining immense popularity among individuals.
For freelancers and startups
Long-term leasing is one of the best ways to secure transport for the project period without worrying about registration purchase, as well as car maintenance reports. After all, in this case, you can give up the car at the end of the project, and all the "documentary" work is entrusted to the leasing company.
How to choose a car for long-term rental?
Looking ahead is much easier than buying for permanent use. After all, in this case you are not limited to one brand or model and can change the type, class, body and even color whenever you want. However, to make the right choice, you should remember a few points.
Determine your needs
First of all, look at this issue from the point of view of practicality. If the car serves you as a means of transportation and nothing else, pay attention to the type of engine, fuel consumption and level of comfort during trips. When you need to make the “right” impression on business partners, your choice is a representative car of the “premium” or “luxury” class. For business, it is possible to rent spacious cars designed for transporting goods.
Rental conditions: what to look for?
First of all, record the technical condition of the car and ask whether the existing defects are described in the rental agreement. Next, pay attention to the registration of the vehicle: ideally, it should be registered to a legal entity. This guarantees that the car is not wanted and is not collateral, and accordingly, will not create problems in the future.
Also, pay attention to the type of insurance: for cars rented out, a CASCO policy is most often chosen. The presence of a deposit is no less important: this item is highlighted in order to avoid financial liability in the event of damage or theft of the car. And it is better to pay a deposit: if everything goes smoothly, it will be returned in full when you hand over the car for rent.
Reliability of the lessor
Before concluding a contract with the lessor, try to familiarize yourself with his reputation. Most companies value it as the apple of their eye, so they try to settle all conflicts in favor of the client. Do not be fooled by too "generous" offers, because most often this signals fraudsters. In addition, carefully study the contract, avoiding illogical points written in "small print".
What to pay attention to when drawing up a contract?
Attention to detail is your guarantee against various kinds of fraud. That is why, when drawing up a long-term car rental agreement:
- Specify the list of required documents;
- Find out about the insurance conditions;
- Pay attention to the payment methods;
- Conduct a detailed inspection of the car before picking it up.
When returning the car, make sure that the company employee has recorded its condition. Also, for reinsurance, keep all rental documents for at least a few weeks after the end of the rental period.
Is it profitable to rent a car for a long term?
Considering the increase in the cost of new cars and the instability of the national currency, as well as all the costs associated with daily operation and maintenance, renting is one of the most profitable alternatives to purchasing your own car. It is relevant for both individuals and businesses, especially if there is a need to use transport for the project period.
When working with a reliable company that protects its reputation, as well as driving according to traffic rules, long-term car rental is many times more profitable than buying it. And the main advantage is that you are not tied to one car and, if necessary, you can easily replace it with another.
In any case, we are always happy to have every client and hope that the practice of long-term car rental will become established in our market, which will make it possible to provide a vehicle on favorable terms to everyone who needs it!