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Cars

Lease and Not Buy Your Next Luxury Vehicle

by Wendy Stokes May 12, 2019
by Wendy Stokes May 12, 2019

Have you ever wanted to leave a lasting impression on a date? Or you’re planning a long-awaited road trip with your some of your closest friends to some exotic location? It could be that you want to arrive in style for a business meeting, looking all elegant and professional. Then, a luxury vehicle is the answers to these questions.

Bentley, Ferrari, Mercedes. These car brands scream luxury and are typically owned by the affluent in society. Luxury vehicles provide a unique experience for anyone riding in them. However, owning these vehicles cost a fortune, and for some, it might mean pushing above your weight to purchase them.

Source: Motor1.com

Today, there are a host of rental companies out there that can give you the opportunity to get behind the wheel of your dream luxury ride, while saving you money as you don’t need to own it. One such company is rentluxecar.com, which have an extensive fleet of models from the legendary world brands and makes it possible to rent a car in any European city.

Getting behind the wheel of a luxury model is a symbol of status in today’s world, be it a classy car of a sporty one. According to Ken Research, more people are bound to opt for car rentals as the market in India is set to grow at a CAGR rate. By late 2019, it is projected to exceed Rs 800 billion due to the exponential rise in the number of bookings done online and through the mobile application.

Without a doubt, cruising around in a powerful luxury car is a euphoric, adrenaline-charged feeling. Nonetheless, there are some things to consider before choosing to rent an exotic model. To truly experience the thrills of riding behind the wheels of a Ferrari for example, it is important to have knowledge of some things to avoid awkward and uncomfortable instances.

One of the first things to decide is what company to go with. Ensure that you’re renting your car from a reputable agency with a good track record. One great way to determine this is by reading customer reviews online before booking your vehicle. Also, inquire about the ownership of the vehicles in their fleet and compare the cost of the rental as against the actual cost of your car before confirming a booking.

Source: cncexotics.com

It is necessary to get complete information about the car’s ownership, and also inquire about the year of the oldest vehicle in their fleet–to give you an idea of their maintenance culture. For those who would rather be chauffeured around than driving themselves, it is necessary to inquire if such services are provided by the company before renting one.

Today’s sharing economy is stifling the need to own your own car as millions of people globally are now opting to rent a vehicle per need basis. With a growing number of application based taxi services—for short trips—and car rental companies, suitable for longer and more personalized ownership, owning a car is becoming less of a necessity than in previous times. Besides, choosing to rent allows you to get a taste of different models, all with zero hassles about which you can read more right here.

Owning a luxury car can be a huge liability. Aside from the initial frustration and cost of buying it, there is the process of renewing insurance, following up for claims, spending more time and money at workshops maintaining the vehicles, putting lots of security measures in place against theft, clearing out space for parking in your garage, hiring a driver and ultimately, going through the tedious process of selling the car after its lifespan is over.

All of these headaches would be totally avoided if you choose to just rent a vehicle whenever you need it. Choosing this option is a much cheaper option than owning a car that you’ll most likely keep in your garage most of the times.

Furthermore, it is a smarter option than buying another car with a variety of luxury models available for rent in the market.

From BMW to Audi, Mercedes, Ferrari, Jaguar, Porsche and even stretch Limousines, rental companies provide a luxurious fleet of cars to suit your taste and need. It is also more cost-effective to rent for a longer period of time can than renting a car for a shorter period of time. This way you can save money on that long road trip while also enjoying the exquisite pleasure that a luxury ride provides.

Source: wheels24.co.za

After deciding which one you’d want to rent, for self-driven cars, the next step would be to get acquainted with all the different buttons, functions and features before hitting the road. According to a report by NRMA Insurance, it showed that luxury sedans had a 29 percent higher collision frequency during the past 12 months compared to all other vehicle types.

Luxury SUVs, on the other hand, had a 27 percent higher collision frequency. Therefore, getting accustomed to all the controls would not only prevent accidents but also ensure you get the most out of your ride, making it a lot more pleasurable and adventurous.

As a means to make more money, a lot of rental companies are fond of short-changing customers. Therefore, it is important to properly inspect every vehicle you rent, looking out for dents, scratches and whichever mechanical fault might exist. For added comfort, some car rental companies provide drop off and pick up services. So, you can inquire beforehand if the rental company you choose provides such services.

Another important note while renting is in-depth knowledge of the route you intend to take. Some roads are not suitable for luxury cars as they have lower ground clearance and softer suspension, which can cause serious damage to them if driven on bad roads.

Therefore, to ensure that your car remains in top shape, always analyze your intended routes before you set out and plan for alternative routes in the instance where the roads are bad. Doing this would help you avoid unnecessary damage to the vehicle and penalties from the rental company.

Source: FlightBlitz

Additionally, it is important to resist the urge of letting others drive your rented car. Whether they are friends or family, the change of hands means you’re no longer in control, and someone can get overwhelmed crashing the car. Unlike regular vehicles, luxury models have high acceleration and can pick up extraordinarily high speed in a few seconds. For example, the Bugatti Chiron can accelerate from 0–97 km/h (0–60 mph) in 2.4 seconds according to the manufacturer and for inexperienced drivers, this can be a big disadvantage.

Car rental companies are now actualizing dreams of driving luxury models by providing a more cost-effective and hassle-free option. But, having sufficient knowledge about the process beforehand would make it a truly affordable luxury.

carLeaseLuxury Vehiclerental companyroad trip
Wendy Stokes

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TheFrisky.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Amazon, the Amazon logo, AmazonSupply, and the AmazonSupply logo are trademarks of Amazon.com, Inc. or its affiliates.

We at TheFrisky participate in various affiliate marketing programs, which means we may earn commissions on products or services that we recommend or promote through our website. When you click on a link to purchase a product or service that we have recommended or promoted, we may earn a commission from the sale. This commission helps us maintain and improve our website and provide you with valuable information and resources.