Pors & Corns - Long Term Car Rental
Long term rental for a car is an option instead of financing, leasing or buying. You can also call the car long-term rental as a special form of car rental. Rent A Car Companies buy the car, which the customer then uses according to an annual or monthly rental payment. In fact, it's almost the same process as a lease or a rental car. The long-term rental starts at one month and can last up to two years. After expiry of the rental period, the vehicle can be bought for the residual value, which was calculated in the contract. However, this depends on the Car Rental Company, whether you release the car for sale or offer or not. The basic idea behind the idea of long-term rental is that you do not have to rent the vehicle for a minimum period of about one year, as you do with leasing, but also smaller periods, such as two months are possible. This alternative is convenient for long-haul trips to larger countries like the UAE. Even companies benefit from the "invention" of long-term rental. So it is possible for you to provide your employees with a company car. Would you like to switch to an electric car, but are unsure whether it is the right one for you in the long run? One possibility, for example, would be to find it out with a long-term lease. Now you can test the desired vehicle for a few months. Tips For Long-Term Car Rental: It is easy to read through the contract thoroughly, to obtain and compare various offers and to look first and foremost, whether the car long-term rental would ever be an option for you. But you should check these points in any case: 1.tAt what point in time does one no longer speak of wear but of value reduction? 2.tAsk what the tolerance limit is if you exceed the maximum mileage. 3.tAsk also for case studies and pictures of already occurred cases. 4.tCan I even meet the requirements? Advantages In General: u2022tThe long-term vehicle rental model offers several advantages. u2022tFirst, you have neither repair nor residual value risk. u2022tIn addition, the rental price includes comprehensive insurance, motor vehicle liability and car tax. Vehicle registration and transfer costs are also included in the rental price. u2022tIn addition, the monthly or annual rental payment rates are relatively low, meaning that you still remain financially flexible. u2022tIf you buy a new car, you can equip the vehicle to your liking, requirements and taste. The same applies to vehicles in the long-term rental model. u2022tBut instead of driving for a while like buying a new car, you'll be able to swap the car for a new one more often. u2022tAnother attractive advantage of the long-term rental is that in case of theft or accident, or generally in the event of damage, the car rental companies agree to take over the transaction. In addition, the rental car company takes over repair work, but also maintenance on the vehicle. Benefits For Private Individuals: For a private individual, there are benefits such as the residual value that does not have to be borne, that there is an option for car-sharing and above all that it is a good alternative to traditional options such as finance and leasing. In addition, different supplements can be booked separately, for a certain additional charge. These include, for example, a child seat or a navigation device. Another positive factor is that there is a fast or flexible opportunity to change vehicles. In addition, the conclusion of the contract is simple and straightforward. Just as in the case of damage, the rental company has to take care of it. Advantages for companies: Companies can take advantage of advantages such as the possibility of starting the contract as of one month (ie 28 days). In a long-term rental agreement, the cost of the credit and the residual value does not have to be paid. The stock of vehicles can be quickly and easily increased or simply adjusted. Depending on how much need exists in the company. Last but not least, the long-term rental offers the advantage that the rental rates are calculable and can be charged as operating expenses and thus the entire amount is deductible as operating expenses. Many leasing providers also have the long-term rental car on offer today. Often, even with an already existing vehicle fleet, there is no need to look for a new partner. Disadvantages In General: On the other hand, you should also keep the disadvantages in mind. The first major disadvantage is that you can only conclude a lease from the age of 21 years. Unlike financing and similar to vehicle leasing, you pay the monthly rental rates only to use the vehicle. Any purchase of property is excluded. In the long term, among other things, it may be that renting is more expensive than leasing, buying or financing. Also, the contract may include rental conditions, which can totally limit you. They just lose their independence. Disadvantages for private individuals: Individuals should keep in mind that rental rates are only so low because they are paid exclusively for the use of the vehicle. There is also no assurance that the car will be available for purchase at the end of the rental period. In some contracts, the renter also has the total risk over the value of the vehicle. Possible difficulties with the insurance (should the car be stolen or have an accident) and previously undiscovered costs, can come to one. The fact that in some contracts so limited, it may also be that a certain number of kilometers may not be overdrawn. Here it depends on the different conditions in the contract options. So it could happen that you have to buy the car after the expiration date and that too overpriced conditions. Disadvantages for businesses: A disadvantage for companies that make use of the long-term rental offer is the fact that there is still time to spend on the fleet. Since there are enough tasks to be done, one is glad when others, which might not be necessary, fall away. But it is necessary to conclude contracts of long-term rent more often. So you have to be aware that a lot of time is needed to even compare the different offers from different providers and review. In addition, one must always keep in mind when a contract expires (exact time), which vehicle would be the next in question, and and and. Conditions and prices: From just under 300 euros you get the first vehicles in the long-term rental. Depending on the vehicle model, features, contract options and duration vary the prices. From a monthly rent of 600 euros to 700 euros but you get a stately car provided. For whom is long-term rent worthwhile? Long-term rental usually pays off for all individuals over the age of 21 and for companies that only want to own a car for a short period of time. Also worth it for people who want to drive a nice car, but do not have the necessary change for a purchase available. Since the monthly rental rates are low, it is affordable for most. Conclusion: As a final word, it can be said that behind the concept of car long-term rental is a good alternative to leasing and financing. The question is, however, whether it is really profitable for a person and whether one would rather grow one's own, in order to be or remain independent, among other things. Through rental rates, there is often the danger of falling into a debt trap, which should be kept in mind. Often those people just want to drive a nice car, but cannot afford one and then take over with the monthly installments. After the rental period you will be without a car, but with a big amount of debts. You literally pay to use the vehicle, but nothing is ultimately one of them. Do not you prefer to invest in something that stays with you and belongs to you for a long time? This is one side of the long term rental. The others, on the other hand, offer a lot of flexibility and a lot of advantages. Basically everything has its advantages and disadvantages. You just have to weigh whether the positive side or the negatives outweighs and how far you put priority on the individual points. But the most important thing is which way to get a vehicle for you is the smartest!
59 views • 4 slides
