WHY IS IT NO LONGER WORTH BUYING A CAR?

1. Savings of more than 20% on average

One of the biggest economic benefits of renting is its cost-effectiveness. Car rental companies have the ability to offer significantly lower prices compared to traditional leasing or purchase options. Why? Car rental companies often achieve high rental volumes, which allows them to receive favorable discounts on vehicle purchases. This then translates into lower costs for you, which can average a saving of over 20% over leasing or buying.

2. Instant client approval

When leasing or buying a car, the approval and financing process can be time-consuming and stressful. With a lease, however, you can gain access to a vehicle virtually immediately. Car rental companies have flexible approval processes and can provide you with a vehicle almost immediately. This instant approval gives you the freedom and speed to get the vehicle you need.

3. Lower or no down payment

When you buy or lease a car, you may be asked to pay a significant amount of money as a down payment. This may mean that you have to give up a significant portion of your savings. When renting, the down payment is often lower or even not required, which means you can keep your finances for other purposes or investments.

4. Lower risk of loss of value

When you buy a new car, you need to worry about its remaining value and how much money you can make when you sell it. With a lease, you don't have to worry about this value because you are returning the vehicle at the end of the contract and are not responsible for its future market value. This means that you do not bear the risk of loss of value that comes with owning a vehicle.

5. Easy maintenance

Car leases often include maintenance, insurance and other costs associated with owning the vehicle. These costs are included in your monthly payments, which means you don't have to worry about paying for these services individually. This allows you to better plan your expenses and eliminates unexpected surprises.

6. No entry in the credit register

When you lease or buy a car, your credit history may be affected because these transactions are usually recorded in the credit register. If you are interested in future loans, such as a mortgage, this record may affect the approval or terms of those loans. For rentals, no such entry is usually made, which can be advantageous if you plan to apply for a different type of loan in the future.

7. Certainty in uncertain times

In today's uncertain times, flexibility is key. Hiring a car gives you unrivalled flexibility as you can easily change vehicles or even cancel the contract if your circumstances change. This allows you to adapt to changing needs without a large financial outlay.

Renting a car can be an exceptional economic decision for individuals and businesses alike. It offers lower costs, flexibility and hassle-free access to a vehicle. Therefore, if you are looking for a way to save money and have less worries, car rental inAvis Slovakia could be the right choice.