4 REASONS WHY YOU SHOULD RENT A CAR AND NOT BUY ONE!
A guide on how to save.
Whether you're a private individual, a sole trader or a business, car hire is available to all and its benefits are worth considering. We'd like to summarise the most interesting advantages of why it's better to rent a car than to buy one.
First, we should start with what basic questions to ask yourself before you decide.
How long do I want to secure a car for?
Do I want to look after it myself or leave it to the professionals?
How much spare cash do I have?
How long is the waiting period for the car I have chosen?
THE 4 MOST INTERESTING ADVANTAGES OF RENTING A CAR
1. SERVICE
You won't have to worry about registering your vehicle with the traffic inspectorate, insuring your vehicle or obtaining complicated financing.
You can concentrate on the things that matter most to you or your business.
You just pay the rent and fill up with fuel. What services are included in your rent?
- Registration of the vehicle with the traffic inspectorate
- Prepaid mileage (daily or monthly)
- Statutory (PZP) and breakdown insurance
- Tyre management (seasonal retreading + tyre changing and storage)
- A motorway vignette valid for the Slovak Republic
- Road tax
- Assistance service
2. AFFORDABILITY
As standard, you need to put down a 20% down payment to buy a car, unless you are paying for the car in full from your own savings. This amounts to €2,000 for a car costing €10,000 or €4,000 for a car costing €20,000.
When renting a car, on the other hand, a refundable deposit of 5% of the price of the car is standard and is returned to the client at the end of the car rental.
The price variability of car rental depends mainly on the category of the vehicle, where the lower the category of the vehicle, the cheaper the rental. The same applies to the length of the rental, the longer the rental, the lower the rental price.
3. WITHOUT WAITING
Cars for rent are usually available without waiting within 24 hours. If the car is rented through an operating lease service and the customer configures the desired car to his/her specifications, the delivery of such a car may involve a period of several months. In the case of an operating lease and AVIS services, you will receive a car of a similar category at approximately the same price conditions for a bridge period until such a car is delivered from the manufacturer, within 24 hours. In the case of a vehicle purchase, you need to match the manufacturer's capacity in time. In the current situation with the COVID-19, waiting times are averaging 5-8 months. It is also possible to use the services of a car rental company for this interim period.
4. WITHOUT A LONG COMMITMENT
When renting vehicles, you can choose from different lengths of leases and different fixations. Generally, you can take a vehicle without a fixation and indefinitely. However, with a fixation you always get a better price. You can rent a vehicle from a few hours to a 48-month lease. When you buy a vehicle, you don't think about selling it so soon. Just buying a car takes a lot of energy and time, which is why people mostly don't want to sell and buy another car so soon. On average, a car is bought for 12.5 years in the Czech Republic. Which is a long time, during which you are still driving the same car, but as it gets older, the risk of its functionality and safety increases.