Long-term car hire for private individuals: is it worthwhile?
Long-term car hire can be a convenient and useful solution for private individuals too: find out more about the pros and cons, as well as the costs of long-term hire.
Long-term car hire for private individuals is a solution that is becoming increasing popular as it is so flexible. Is long-term hire really worthwhile for private individuals? Let’s find out a bit more about it.
Long-term car hire: what is it and how does it work?
Long-term hire is a mobility solution that allows you to pay a monthly fee to use a car, which will remain the property of the lessor, for a defined period of time (a minimum of one year and a maximum of five years). With long-term rental, you can choose the car you want and the service package to be included in the contract. This service, which is already popular with companies and VAT-registered customers who can make tax deductions, is becoming more widespread amongst private individuals as they see it as an opportunity to reduce their expenses and the responsibilities that come with owning their own car.
From this perspective, long-term car hire is definitely a beneficial and flexible solution as the lessee only has to worry about paying a fixed monthly fee and any fuel costs, without the other commitments and risks that come with owning a car.
Long-term hire for private individuals: is it really worthwhile?
To understand whether long-term hire is worthwhile for private individuals, there are various aspects regarding your own mobility requirements to consider. Firstly, it is important to think about how much you will use the car.
Anyone that covers many miles, whether for personal or business reasons, will certainly find car hire advantageous compared to buying a car, and they can benefit from all the services included in the monthly fee, such as car registration costs (getting the car on the road, car tax), insurance costs (e.g. third party, fire and theft insurance) and maintenance costs (e.g. breakdown cover, servicing and non-routine maintenance).
In order to meet the diverse mobility needs of private individuals, over the years long-term hire companies have developed increasingly flexible options. For example, there are packages that include the possibility of buying miles as required, or light packages that only include basic services – these make the monthly fee more competitive and are popular with customers that require a car for moderate use.
One of the advantages of hiring a car is knowing that you are always driving an efficient car without having to worry about the responsibilities that come with owning the car. But that’s not all: when the contract expires, you do not have to worry about selling the car either. In short, long-term car hire for private individuals is a convenient option, provided that you carefully consider your own mobility needs when making your decision.