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All You Need to Know About the Advantages of Long Term Car Hire in the UK

 

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Whether you are looking to get a vehicle for a one-time trip or one for a cross-country tour, worrying about the demands, wear and tear and competitive process is in the past. Since purchasing a car for a specific use is not a viable idea, getting a long-term car rental is the solution you are looking for. A long-term car rental can help you get the vehicle you need, quickly, efficiently, and with beneficial deals you cannot get when buying a car.

Being such a convenient service that addresses all your commute issues, one would imagine that it might come at a price, but that’s just not true. If you are to weigh the pros and cons of a long-term rental, the advantages of long-term car hire can easily outweigh the drawbacks.

Therefore, whichever situation has gotten you into worrying about getting on the road, it’s time for you to sit tight and head for a rental car for as long as you require. Renting a car for the long-term is an efficient and low-cost way to choose your vehicle from a variety of cars, so you can find one that fits your demands.

Read further as we discuss the advantages of long-term car hire and how you can benefit from it in the UK.

 

What is Long-term Car Hire and How Long Does it Last?

Before we dive deeper into the list of benefits, we need to shed some light on the idea of long-term car hire and how long you can rent a car for.

The difference between renting a car and leasing a car is simple. You can rent a car for a short amount of time, which fits your needs better if you need it for a month or two, while leasing is applied to a contract that can last up to three years, though three or eighteen-month contracts are available, too.

Whether you need it for business purposes or a long family trip, you can rent a car on a monthly and yearly basis easily in the UK. Since the contracts are flexible, you get the chance to extend the contract even further if you want the vehicle for a longer time.

However, this raises the question of how long can we rent a car. The answer to that depends on the company and the mileage restrictions set in their policy. For example, if you’re leasing a car for a shorter term, you might face certain mileage restrictions when it comes to extending the contract. However, in case you are renting a car, you can extend the contract as many times as you want as most services don’t have mileage restrictions.

If you’ve ever rented a car even for a few days, you would know almost everything concerned with renting a car and how the deal works.

 

The Advantages of Long-term Car Hire

Though there are numerous ways for you to benefit from it, we have listed the most impactful advantages of long-term car hire:

The Better Option for Your Finances 

Through long-term car hire, you can avoid spending a small fortune on buying a car, have a sense of ownership on the vehicle, the freedom to upgrade the vehicle when you wish, evade the costs of maintenance and depreciation, and have control over your contract. These are a few among the many advantages of long-term car hire.

Financially, a great advantage to renting for long-term is the affordability and the chance of saving in the long run, regardless of whether the vehicle is for yourself or a company’s fleet. When it comes to a business, however, you can also have control over vehicle use and this could lead to improved cash flow.

In addition to this, numerous rental services offer business deals and special packages that would be even more affordable in the long run. Going for such deals can save you the budgeting hassle a purchase or lease would bring. Since the monthly cost is fixed, you wouldn’t have to worry about any additional costs emerging later and can easily plan the yearly budget for your commute.

 

Ideal for both Small and Large Businesses

Regardless of how new or settled your business is, long-term car hire is an effective and affordable choice for you. This is especially beneficial for new startups who do not yet own their fleet. Going for the rental option is helpful as your business develops over time. It will save you the cost of purchasing and the worry of an underutilised fleet.

 

A Wider Variety of Vehicles and Freedom of Choice

If you plan on cruising in the car of your dreams but can’t afford to purchase it, you don’t have to wait to drive your dream car, since all you need is a good car rental company. There is a vast range of the latest vehicles offered by most rental companies in the UK, which offers limitless choices and lets you rent the car you wish to drive.

Having said that, another among several advantages of a long-term car hire is that you’re free to upgrade your vehicle. Over time, you might find yourself in a situation where you wish to trade in your rented vehicle for an upgraded model. In that case, the rental companies don’t lock you with a specific car, and you can always opt for an upgrade that fits your demands.

 

The Contract with Flexibility

If you’re a part of a company that requires cars temporarily for unseasonal work or special occasions, long-term car hire is the best option for you. The flexibility offered in the deals will let you get a car whenever you need it. Though certain situations and requirements change over time, and alterations to the contract need to be made; this is easily done with a good dealership. This is why the long-term car hire contract has the flexibility to suit your needs.

 

No Worries about Vehicle Depreciation or Loss of Value

Another major advantage of a long-term car hire is that if you’re renting a vehicle for a prolonged time, you do not have to worry about any depreciation and loss of value. In most cases, after purchasing a vehicle, you lose the money you spend on your original purchase once you sell it off. However, once you decide to hire a car for a set time, you only have to pay for the vehicle and its fuel, while any concern regarding the vehicle’s value falls on the rental company.

 

Fleet Management System

Getting your hands on a fleet management system is one of the advantages of long-term car hire that can be helpful for you, especially if you are a business owner. Apart from the generous deals offered to businesses by car rental dealerships, you can also keep track of the drivers and the vehicle, manage the fuel and maintenance schedule, communicate for dispatch and reroutes, and take care of all the aspects that come with managing a fleet system.

Through this, you can ensure the smooth operating of all the vehicles with reports and analyses that highlight any trouble. This could also benefit you in budgeting and maintaining an up-to-date fleet for your company.

 

Support and Guidance

When you go to a rental company in the UK, you can expect all kinds of support and guidance from them. You will be informed about the offers, the rental procedure, the agreements, and suggestions so it will become simple for you to make a better and more knowledgeable choice. 

However, it is expected for a service to be supportive when you’re dealing with them, and these services will offer you guidance throughout the term of your contract. This means you can discuss any sort of problems with them for free and receive effective assistance from the beginning of the contract to the moment you return the vehicle.

 

Stability and Peace of Mind

Although we’ve listed the best advantages of long-term car hire in the UK, the stability and peace of mind that a company is one of the key incentives for hiring a rental car. Your commute becomes relatively easier, and your finances stay secure as they are no unnecessary expenses. 

There is less to worry about the state of the car and achievable benefits to think about. There aren’t many obligations in a long-term agreement and since it is flexible and you won’t bear penalties should you choose to change it. You can enjoy and use your car for as long as your deal lasts without worrying about it.

 

How Else Can You Benefit?

Apart from the aforementioned advantages of long-term car hire, there are a few other ways that car rentals are beneficial. Firstly, when you rent a car, you can expect to go through proper management and administrative paperwork that is deemed necessary. Secondly, once you’ve finalised the deal, you can expect the vehicle to be delivered to you, and then picked up upon the end of the contract. Lastly, while you’re driving the vehicle, you’ll be offered full management from beginning to end and regular service for your car.

Considering this, The Competition and Markets Authority (CMA) has led a Europe-wide project, facilitated by the European Commission and involving member state consumer protection authorities. This resulted in five leading EU car rental companies committing to improving the way they deal with their customers. [1]

 

The Disadvantages of Long-term Car Hire

Overshadowed by such remarkable advantages of long-term car hire, there are a few drawbacks for long-term car hire. For instance, if you have an unfavourable credit history, you can face a little bit of trouble regarding the costs. The overall price and rent can shoot up with adverse credit. 

Furthermore, you have to be careful about choosing the right company when you sign the final agreement. Some services might charge you with a penalty for early cancellation, so read the contract very carefully. 

In addition to this, you must also pay attention to the type of vehicle you’re renting. In certain cases, they might suggest a used car, at a lower cost, so make it clear you want a new one right from the start.

 

Are Long-term Car Rentals Worth It?

Yes, long-term car rentals are worth it. The pricing and benefits offered are remarkable and better than purchasing a car for that time. In some cases, the company can offer you insurance too.

Is It Cheaper To Rent A Car Long-term?

Renting a car long-term is comparatively cheaper than short-term rentals and purchasing. Since most companies offer discounted rates and special deals, you can avail of them to get an affordable vehicle for your required amount of time. Being an inexpensive option is just one of the many advantages of long-term car hire.

What Happens If You Keep A Rental Car Too Long?

If you’re in a situation where you couldn’t return a rental car on time, the service will overcharge you for the extra days you kept the vehicle. However, if you keep it for a prolonged time, they might take drastic measures to reclaim their property.

What Are The Advantages Of Renting A Car?

Renting a car is a budget-friendly option if you need a vehicle temporarily and do not want to purchase one. You’ll be offered a wide variety of cars, affordable plans, flexibility on the agreement, and you wouldn’t have to worry about the repairs and loss of value through depreciation. In a nutshell, there are numerous advantages of long-term car hire.

 

The Bottom Line

As we’ve established, a long-term car service will benefit you more and bring financial comfort more than any other option, such as purchasing or leasing in the long term. It will benefit your finances, offer noteworthy advantages, and will leave you satisfied with your newly acquired car.

You can find a huge number of services that will offer you long-term car rental plans in the UK, and some may have some discounted deals waiting for you. But regardless of the reason behind your temporary need, renting a car is mostly beneficial. By weighing both the pros and cons of a long-term rental service yourself, you can easily conclude and decide what’s best for you.

 

References

  1. Gov.uk Car Rental Customers are set to drive off with better deals.
    https://www.gov.uk/government/news/car-rental-customers-set-to-drive-off-with-better-deals