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4 REASONS TO RENT A CAR INSTEAD OF BUYING ONE!
A Guide to Saving Money.
Whether you’re an individual, a self-employed person, or a business, car rental is available to everyone, and its benefits are worth considering. We’d like to summarize the most compelling reasons why it’s better to rent a car than to buy one.
First, let’s start with the basic questions you should ask yourself before making a decision.
How long do I want to rent the car for?
Do I want to take care of it myself, or will I leave it to the professionals?
How much disposable income do I have?
How long is the wait for the car I’ve chosen?
4 MOST INTERESTING BENEFITS OF CAR RENTAL
1. SERVICE
You won’t have to worry about registering the vehicle with the Department of Motor Vehicles, getting car insurance, verifying the vehicle’s authenticity, or dealing with complicated financing.
You can focus on the things that matter most to you or on your business.
You simply pay the lease fee and fill up on fuel. What services are included in your lease?
- Vehicle registration at the Department of Motor Vehicles
- Prepaid mileage (daily or monthly)
- Mandatory liability (PZP) and collision insurance
- Tire management (seasonal tire changes + tire removal and storage)
- A highway toll sticker valid for Slovakia
- Road tax
- Roadside assistance
2. AFFORDABILITY
To purchase a vehicle, you typically need to make a 20% down payment, unless you’re paying for the car entirely out of your own savings. This amounts to €2,000 for a car priced at €10,000 or €4,000 for a car priced at €20,000.
When leasing a vehicle, on the other hand, you typically pay a refundable deposit equal to 5% of the car’s price, which is returned to the customer at the end of the lease.
The cost of a car rental varies mainly depending on the vehicle category; generally, the lower the category, the cheaper the rental. The same applies to the rental duration: the longer the rental, the lower the price.
Among the most popular compact cars for city driving and longer trips is the Renault Clio, offering a great balance of comfort, efficiency and affordability.
3. NO WAITING
Rental cars are usually available without waiting, often within 24 hours. If a car is leased through an operating lease and the customer customizes the desired vehicle, delivery of such a car may take several months. With operating leases and services from AVIS, you’ll receive a vehicle in a similar category under approximately the same pricing terms within 24 hours to bridge the gap until the vehicle is delivered from the manufacturer. When purchasing a vehicle, you must adjust your timeline to the manufacturer’s production capacity. In the current COVID-19 situation, waiting periods average 5–8 months. For this transitional period, you can also use car rental services , which allow you to obtain a vehicle practically immediately.
4. NO LONG-TERM COMMITMENT
When renting a vehicle, you can choose from various rental periods and contract terms. Generally, you can rent a vehicle without a fixed term and for an indefinite period. However, you always get a better price with a fixed-term contract. You can rent a vehicle for as little as a few hours or opt for a long-term lease ofup to 48 months. When you buy a car, you don’t usually think about selling it right away. The purchase itself requires a lot of energy and time, which is why people generally aren’t eager to sell it and buy another car so soon. On average, cars in Slovakia are kept for 12.5 years. That’s a long time—during which you’re driving the same car, but as it ages, the risks to its reliability and safety also increase.
Not sure which type of lease is best for you? We’d be happy to advise you on choosing the right lease term and vehicle. If you have any questions, please don’t hesitate to contact us .
