Wednesday, 22 August 2018

6 Reasons Why It's Better to Rent a Car than Buying One

One of the most controversial topics is whether to buy a car or rent car. Of course, having a luxurious car of your own can be a very fascinating idea, but it comes with a lot of side effects and cons. First of all, you have to pay a hefty upfront price for buying it, followed by car insurance premium, road tax and maintenance fees etc. Thus, renting a car is always a better idea as it comes with lots of benefits. If you are confused whether to buy a car or rent one for your needs, then you must read on. You will get to know some of the beneficial reasons why renting a car is much better than buying one.

Reason #1: No Hefty Upfront Payment
When you are buying a car for yourself, you will definitely want the best one that can last for a long time. Prices of great cars are really high in certain places. If you are already living in a city or place with high standard living, then you may have to pay a very hefty upfront price for buying a car. But renting is, on the other hand, a much better option. Though you have to pay an upfront fee and one month deposit for your rental car, the price is way lesser than what you to pay for purchasing a car. Even at the end of the rental contract, the deposits will be refunded to you.

Reason #2: No Car Insurance Needed
One of the major reasons why people choose to rent cars rather than buying one is to get rid of the complications of car insurance. Of course, you are choosing car insurance for your car you have to be very careful and best insurance policies come with a huge premium. For renting a car, you do not have to get into any insurance policies. You do not have to pay insurance premium or road tax for the rented car. It is the duty of the owner to pay it.

Reason #3: Convenience Of Having Your Own Car
Renting car is a better option than buying a car because you can use the rented car at your own convenience just like a private car. But you can enjoy that convenience without any huge financial commitments. You do not have to invest money on the maintenance as well as on repairs of the car. You can rent the car whenever you want it and return it when you do not want it anymore. Even in case of accidents, the towing of the car will be done for free. Your insurance will not be affected by any such incidents too.

Reason #4: Options Are Always There
Once you buy a car, you have to use it as reselling of the car and buying a new one can cost you a lot. But when you opt to rent car, you will have a lot of options to choose from. Also, you can change it whenever you want. Once the contract of your rental is over, you will be able to choose a different model of the car. You do not have to worry about reselling or anything. You have to go through some paper works which is, of course, lesser than when you are buying a new car.

Reason #5: No More Paying For Depreciation
Your owned car is not an asset. With time, the value of the car decreases as the technologies and model get older. Thus, if you are paying thousands of dollars for buying the car and then hundreds of dollars on its maintenance, insurance and repair, then you are surely wasting money for the depreciation. When you will have to sell the car, you will not able to get even half of what you have spent on it. Thus, it is always better to rent a car where you have to just pay the rentals. At the end of the contract, you can simply choose not to continue with the same.

Reason #6: Peace Of Mind
When you are going for a drive with your own purchased car, there can be a lot of worries. These include the insurance coverage, maintenance, repair etc. But when you are renting a car, you can be at complete peace of mind as the maintenance or repairing the car is not under your contract. You can simply drive the car whenever you want. Having your own car can come with a lot of responsibilities which can be bad for your peace of mind.

Rent From The Best Company

Hence, these are the top 6 reasons why it is better to rent car than to buy one. You do not have to spend a lot of bucks on the rental car. You neither have to pay a hefty upfront fee nor do you have to pay for its insurance, repairs and maintenance. But of course, renting a car comes with some clauses in you contract. You have to read the contract properly before signing it. In case there are any issues with the contact, it is always better to discuss with the lawyers. Generally a contract lasts for 2 to 3 years. It is always better to have a contract for shorter period. Otherwise, driving the same old car can be boring and also can come with various issues.

With the car prices rising higher and higher day by day, renting is the best option for you. Just like buying a car, you need to careful while renting a car. Renting car from a professional and experienced company with great credibility is always better. You need to make sure that the company is reliable and you can rent cars from there. Even you have to inspect whether or not the rental car is in good condition. If not, then it can be risky for you to take it out on roads. So, before you rent car for your needs, you must a thorough research about the company. Check the reviews and feedbacks regarding the service too before renting.