Car leasing and rental services have been around for many years. Did you know that there is a difference between car rental and car leasing? Generally, a vehicle rental company gives contracts lasting from days to months. For example, if you want to drive a car for a weekend vacation, you can visit a car rental company in Singapore and rent a car for two to three days.
On the other hand, car leasing has longer contracts, lasting several years. Car leasing is perfect for people who need long-term use of a car but can’t afford to buy one.
This article will discuss the pros and cons of car rental:
PRO: CONVENIENCE
Some people want to roam around the country more often. The most efficient way is to drive your car, especially if you find public transport too troublesome.
You can take the most efficient route to your destination, leave home or work whenever you want without waiting for the bus schedule, and more. Also, you don’t have to share the car with other passengers.
CON: PRICES
Compared to public transport, vehicle rental company fees are much higher. These prices are not consistent as well. For example, there is a drastic surcharge on costs during the holiday season, when the demand for cars is high. Location matters as well. A car rental company near Singapore has higher rates than those outside the proximity.
PRO: WIDE SELECTION OF VEHICLES
A wide selection of vehicles is another advantage of car rentals. To illustrate, let us say you bought a sedan from the buy and sell market of vehicles, but then you need to travel in a group for a vacation, and the passengers will not fit into your car.
With a vehicle rental, you can easily upgrade or downgrade the car you are renting. Let us say you are renting a sedan, you can get an upgrade to a hatchback or van quickly for an additional cost.
CON: LIMITED TERMS
One of the notable disadvantages of car rental is the limited terms. Some limitations are the mileage limit, location restrictions, and no customisation.
Breaching these terms may result in you being charged by the vehicle rental company. Much worse, there may be legal actions if the damage is severe. If you want freedom, you can buy your own car.
PRO: AFFORDABLE
Buying brand-new or second-hand cars is expensive. Even with vehicle financing, some terms are inflexible to the financial capacity of the buyer.
The good thing about car rentals is they are affordable. With the wide selection of vehicles, people can find a car within their budget. The monthly payment terms are also flexible.
Finding the right vehicle rental company in Singapore is not easy. But if you weigh these pros and cons, you can find the car that suits you the best.
Edmund Vehicle Rental is the leading car rental company in Singapore. Visit Edmund Vehicle Rental today.
