As car prices continue to climb, so does the number of people opting for car rentals and car leasing. Car rentals have always been a dependable option for people looking for comfortable and affordable transport for business or corporate trips, family outings and vacations, event or party transport as well as leisure trips or vehicle replacement when their car is being repaired.
Leasing, on the other hand, allows potential buyers to have a new car than they might otherwise be able to afford. However, car leasing comes with several drawbacks. The only similarity between both is that you’ll be paying to use a car owned by someone else. A top executive working in Exotic Car Rental Los Angeles says, “The best car rental is one that provides plenty of options with world-class services.”
Both rented and leased vehicles have distinct usage expectations on the part of the driver, types of commitments and financial arrangements. While everyone will choose an option that best suits their needs and financial situation, there are some reasons why renting a car is better than leasing one.
Renting a car offers you the flexibility you need to choose whatever type of vehicle that best suits your car rental needs. Whether you’re planning a trip out of town for a week, are on vacation, have a birthday party, want comfortable transport for a group of friends or need a stylish car for a day or two of leisure trips around the city, you can rent a car for each situation.
Car leasing only offers you an option to choose a car that you will stick with over next 2 or 3 years before exchanging it for a newer one. With car renting, you’re not tied to any long-term commitment contracts. Car rentals work on a need-to-hire basis. Most car rental companies offer car delivery services to you in a couple of hours once you have paid.
Renting a car allows you to choose from a wider range of vehicles based on the particular need you have. Planning an off-road trip with your family? You can choose from a wide range of SUVs offered by car rental companies. From family cars, minis, convertibles, light commercial vans, high-end sedans, exotic sports cars, luxury SUVS and chauffeured services, you can get it all in one place. You get the right car for what you want.
Most car rental companies own a wide selection of luxury cars for short-term one-day hire to several weeks or months rentals. All options are usually catered for with additional extras to fit your specific needs. Vehicles owned by rental companies are mostly new and are well maintained, serviced and insured. For car leasing, you have to specify and order an actual vehicle from the leasing company.
While renting and leasing a car both have their own drawbacks, renting is sometimes cheaper. A large number of people consider affordability when it comes to car renting or leasing. Vehicle leasing gives you the option to get a new car without the commitments of a car buying loan but still comes with a monthly expense. Unless you have the money, renting is a better option.
If you look around what car rental companies charge, you will realize there is a lot of competitive pricing for different types of vehicles. That offers you an opportunity to choose and rent a car that you can comfortably afford when you need it. If you live in a huge city where you don’t need a car every day, renting is the cheaper option. You only get to rent on specific occasions and pay less than leasing a car.
There are a few significant differences between car rental and car leasing contracts. Unlike leasing contracts that strictly limit the number of miles that you can drive, rental companies are more flexible and may include unlimited mileage or a set of mileage and the specific rates charged. The mileage restrictions associated with lease contracts can be a huge drawback, especially if you drive a lot.
Rental cars have fewer limitations with the contracts, but you have to understand what is allowed and what is not. You only get to pay a one-time rate for the car rental period. Leasing customers deal with more than just having to read the fine print but also need to understand all the fees involved across the entire duration of the lease.
Choosing a Car Rental Service
With so many car rental companies around, how do you choose the best? That depends on your needs and how much you’re willing to spend. When choosing your car rental company, get to know what past clients say about their services. Read personal reviews and get trustworthy recommendations to help you determine if they offer quality and affordable services.