If you plan to own a vehicle, be prepared for a huge bill that comes along. Because with time, the costs of owning a vehicle in Australia or anywhere in the world are increasing. It is why car rentals nowadays seem to be a better option. Here, you pay a monthly subscription throughout the contract period ranging from 24 to 60 months (whatever period you've chosen).
This contract will also have a package of services that includes servicing and managing your vehicle. So, with long-term car rentals, all you need to do is enjoy your time with the car and let the company take care of everything else.
Here are some main advantages of long-term car rental:
You're aware of all the costs:
Sometimes, people end up paying too much for availing basic services of the car, and that indeed leaves a hole in your pocket. And unfortunately, these expenses can sometimes occur when you're not prepared for such a financial cut. But, with a long-term car rental company, you'll have a contract as a package of all the services that you wish to include.
No fixed capital investment:
For availing of a car rental service, you don't need to make a down payment. You can pay a monthly subscription amount throughout the contract period, and there will be no added charges when you sign the contract. It will also include your vehicle's financing charges, and you can be relieved that you don't have to pay a hefty amount all at once.
If you rent a fleet of vehicles or just one car, the experts with the car rental company will ensure you know how to optimize the management costs. These experts are finance professionals and give the best advice to help you avoid any unknown charges.
Quick and easy process:
The process before renting the vehicle is not at all complicated, and it will only take some time. All the administrative paperwork is taken care of by the company itself, and you don't have to worry about anything.
Guarantee of the second-hand vehicle:
These long-term car rental companies always purchase second-hand vehicles that are still in great condition. They use the formula ALD Permuta to purchase second-hand vehicles at the value mentioned in the Quattroruote magazine.
Purchasing that same car:
Once your contract period ends, you have the option to buy the same vehicle. If you like the vehicle, it is a great way to get a second-hand car that is still in good condition. If you end up purchasing it, you'll get even better terms.
Constant customer support:
Unlike in the case of purchasing your vehicle, with a long-term car rental company, you will always have somebody to solve any query you have at any hour of the day. Since rentals do not pass on the ownership to you, you will likely get timely customer support.
Services for worry-free driving:
Car registration, insurance, liability exemption, 24/7 breakdown assistance, regular servicing, and proper maintenance are just some of the examples of the services you'll end up receiving once you've rented a car. You get the option to opt for a fuel card, telematic services, or courtesy replacement by paying some extra amount.
A car rental company's focus is always on the client's satisfaction, and they keep getting better to deliver the best of services to all customers. So, it is a great option to consider if you do not wish to pay all those extra costs for owning a vehicle. After all, the rented car will also feel like your own, and the package will last for as long as you keep the car.
Also, if something is wrong with the vehicle and you realize it after using it, the company will be reliable and won't ask for any added costs. Since the value is estimated with proper measures, companies guarantee the proper working of vehicles. So, you'll always be aware of all the costs that can occur and hence you can plan them.