There are clearly two schools here. Some motorists would not give up their car for anything; others prefer rental, whether long-term or short-term.
When making short or long journeys, one is led to think about whether it is not necessary to buy or rent a vehicle. Our auto insurance comparator will tell you the pros and cons of both, which will help you choose based on your needs and budget.
Buying or leasing a car: the advantages of buying versus the disadvantages of leasing
Buying a car means becoming the full owner of your vehicle. This, therefore, means that we can dispose of it as we see fit. Of course, renting has become easier and faster, but what happens when you need to move urgently in the middle of the night? Having your own vehicle offers greater freedom. You go where you want, when you want, you don’t need to contact someone to get a vehicle, you don’t have to look at the number of kilometers traveled. When you rent a car for a long time, the contract stipulates the maximum number of kilometers you will have to cover in the year. If you exceed this number of kilometers, it can cost you dearly. Long term rental is, therefore, a good option if you have a somewhat routine life. But then again, what if, suddenly, you feel like going abroad and covering many miles? What will happen if you have a family problem and you have to travel a large number of kilometers unexpectedly. Buying your car means you never have to worry about using your vehicle.
Another important point to underline: the use of the car itself. When you buy a vehicle, moreover when you want to use it to the end and never sell it, you have more freedom. Imagine this time that you need to do some work. You need to buy boards, various tools, and accessories, etc. In a rental car, you will simply be afraid of dirtying or damaging the interior. It is the same, just when you are driving. In a parking lot, on the road, some drivers who have opted for rental are constantly afraid of possible scratches. Because, in the context of a long rental, fees may be applied at the end of the rental if the vehicle is damaged.. And it will be at this point that the rental will lose all its financial interest.
Finally, the long-term rental can cost more than a purchase. If you do a few kilometers, you don’t need to buy a recent car; then you can opt for a second-hand at a low price. And if you are a handyman, you can do some repairs yourself. Rental implies having a recent vehicle. Maintenance is included in the contract, no matter if you are able to do your oil change, you will pay for this service.
Buying or leasing a car: the advantages of leasing versus the disadvantages of buying
We were able to discover the various advantages of owning a car. However, this also has drawbacks. Renting a car always allows you to have a recent vehicle. Comfort and safety are present now; your journeys will be more pleasant. You can freely choose the desired vehicle range. As part of an LOA (lease with option to buy), this is a great way to familiarize yourself with a car and find out if it fits so that you can consider buying it next.
But it is above all on the financial level that long-term rental is essential in relation to the purchase. Certainly, as mentioned above, a cheap vintage car can sometimes be enough. But, if you are not a handyman, it can cost you dearly in repairs. The main advantage of renting is that you are not responsible for anything. Maintenance is included in the contract you signed. Thus, you have complete control over your budget; you will only pay your rent during the entire rental. No unforeseen expenses, timing belt to repair, engine to change, you always have a recent and maintained car. Long-term rental is undoubtedly a reassuring option.
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