Negosentro.com | Why Opt for a Long-Term Car Rental Instead of Buying a Car? | Having your own means of transportation is an excellent source of convenience. You are not bound to public transport schedules, and you can avoid the hassle of taking different kinds of transportation to get to particular destinations.
When it comes to private transportation, most people automatically think of purchasing their own car, which means going to a dealership, buying a vehicle, and driving away as a certified car owner. However, this is actually not the only option if you wish to have your own means of private transport.
Over the years, leasing or long-term car rental, Dubai auto experts say, has grown to be a popular choice. This is particularly common in Dubai where there are a lot of foreign workers that move around often and find purchasing a car an unwise decision given their lifestyle.
But long-term car rental offers excellent benefits, even for those with a different lifestyle.
Here are some of them:
1. It’s a more economical option.
The cost of the arrangement for long-term car rental is more affordable than buying a car, even a second-hand one. The price of the contract is even lower for shorter programs. It’s worth noting, too, that there are rental companies that specialize in budget-friendly lease contracts.
Thus, if you are working with a conservative budget, for sure, it will be an easier task to find a car for lease that you can afford than a car that’s perfect for your budget.
2. You can get a high-quality vehicle to fit your budget.
Typically, if you choose to buy a car on a budget, your selection would be limited. You would have to settle for economy cars, which may not be all to your liking. However, if you decide to lease or rent for the long-term, you can get a much better and broader selection of vehicles for your budget.
The selection is even more attractive if you turn to a highly reputable leasing or rental company. You can go for not just a reliable car but a stylish one, as well.
3. You don’t have to worry about the devaluation of the vehicle.
One of the setbacks of buying a personal car is in a matter of months, its market value automatically drops by as much as 40 percent.
The moment you drive a car out of a dealership, it is no longer new, and should you decide to sell in the near future, you can’t expect a full return on your investment. Negotiations will always work to the advantage of buyers because the car is no longer new, and if the car has covered great mileage, all the more will its market value decrease.
4. The leasing company covers maintenance.
One of the main advantages of leasing a car is that maintaining the vehicle is not your responsibility. The leasing company covers most upkeep requirements. This is an excellent source of convenience, especially if you have a hectic schedule, and you don’t particularly enjoy spending your day-off at the mechanic for routine car maintenance and if the car you have requires specialist services.
Typically, the lease contract also includes insurance, and other necessary repairs are already built into the price of the contract.
5. You only have the car for as long as you need it.
There are different long-term rental contracts to choose from — some lease companies would even accommodate special arrangements just to provide you with a deal that’s completely compatible with your requirements.
Therefore, you get a car to use only for as long as you need it. If you buy a car, you’re stuck with the task of selling it when you no longer need it. This is no easy task — it can take quite a while to find the right buyer.
6. You don’t have to take care of certain paperwork.
Car registration and other documents are also not your responsibility in a car hire. This way, you can avoid the hassle of processing and paying for fees that most car owners usually deal with.
If there are documents to take care of, all of these are accomplished at the lease company and not in different agencies.
7. You may eventually own the vehicle.
A lot of leasing or long-term car rental companies provide clients the option to buy the car at the end of the lease contract at a reasonable price. If you end up loving the vehicle, you can be its proud owner in the end. You just need to pay the calculated balance to make up the established total value of the vehicle.
See, there are a lot of reasons why a long-term car rental is indeed worth considering if you need a private vehicle to use. But, do make sure that you lease from a trusted company to harness all the benefits cited above.
As Co-founder and Key Account Manager for UAEdriving.com, Felin is responsible for translating the vision of UAEdriving.com into an easy-to-use online car rental portal for our customers. She holds a Bachelor in Commerce degree from the Pune University, India (2013) as well as a Masters of Business Administration degree from the Pune University, India (2015).