An alternative to buying a car? Yes with long-term rental!


Alessandro Livreri for
Posted by Eleonora Candini on 18-Jun-2019

If you are thinking of changing cars, you have surely heard of renting. Exploited above all by companies, long-term rental has recently been extended to private individuals as an alternative to purchasing. Let's find out what it is and when it is convenient.

What is long-term rental for individuals?

We can say that long-term rental is certainly a valid alternative to buying a car that allows savings in the long term.

In simple terms, after having entered into a contract in which the number of kilometers that can be traveled by the vehicle and the number of months to be paid is agreed, the only expense to be incurred is fuel.

The fee varies according to the number of kilometers to be driven, the type of car (sedan, small car ...) and the manufacturer.

In general it includes:

  • The RCA insurance guarantee with Theft and Fire and, in many cases, the KASKO,
  • Car tax,
  • Ordinary and extraordinary maintenance,
  • Roadside assistance,
  • Claims management,
  • The property tax.

Long-term rental is better than short-term rental

We have specified long term because there is also a short term rental. The basic principle is the same: to pay a fee at pre-established deadlines to be able to circulate with a vehicle without worrying about additional expenses.

If for the long-term rental contracts are stipulated whose duration can vary from 1 to 10 years, the short-term rental has a variable duration from 1 day to 6 months.

Long-term rental is worthwhile because:

  • The rent is lower than that of the short-term rental,
  • The insurance cost is lower than the short term rental,
  • Maintenance services are included , unlike the short-term contract,
  • You can customize the vehicle.

When is it worth considering a long-term rental?

When you don't want to worry about anything other than driving, when you don't want to be the owner of the car, if you always want to have the latest model of car, if you want to change the car often or if you need the car for a limited period of weather. In these cases, long-term rental is the best choice.

If, on the other hand, your goal is to keep the car for more than 6 years, long-term rental is not the right choice for your needs. In the long run, the highest cost incurred to purchase the vehicle is amortized and the only savings that can be obtained derive from an economical fuel (methane).

 

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