Home Blog Buying a car vs renting a car: pros and cons

Buying a car vs renting a car: pros and cons

by Contributor

Today it is difficult to imagine our life without a car. Car prices are constantly rising, as are the costs of maintaining them. Therefore, it is not always possible to use your own car. Companies and organizations, ordinary people often use car rental. For example, in the case of travel, we often want to visit many places of interest, so we rent a car. The choice between rental and personal car should depend on the need for operation. If you need a car every day and not only for commuting, owning it will be cheaper than renting or a taxi. Renting and taxis are more profitable if trips are made infrequently and within the city. What is more profitable today – saving up for a new car or renting a car if necessary? And how attractive is the alternative to private transport short-term and long-term rental? We will deal with these in this article.

(photo by: Valeria Liakhovets, UPSPLASH)

Renting a Car

Renting a car for a short or long term is interesting not only for travelers, but also for those who live in one place most of the time and rarely leave the city/country. A personal car is not always needed, and it is often necessary to spend a lot of money on its repair and maintenance. It is much more profitable to rent a car when necessary. For example, you are planning a special date or you have a vacation to Dubai and want to show off a bit – check Dubai car rental prices and enjoy affordable prices for hiring a car on your special occasion. And car insurance, maintenance will be handled by a company that provides G class rental Dubai for a long time.

Car rental provides a number of other advantages:

  • a wide choice of brands;
  • car in excellent technical condition;
  • possibility to rent a car for a long time;
  • a chance to test drive the model you plan to buy;
  • the car is completely at your disposal;
  • a minimum package of documents is required for registration;
  • discounts for long-term rentals;
  • only filling the car with gasoline is required from the client.

You need to rent a car in proven, reliable companies. Before signing the contract, it is necessary to study each of its clauses, since this document prescribes the rights and obligations of both the landlord and the tenant.

Disadvantages of car rental:

Of course, like any other service, car rental has its drawbacks. Here are some of them:

  • the cost of a car, depending on its class and the company itself, can vary greatly;
  • in order to avoid pitfalls when renting a car, you should carefully read the terms of the contract (some companies may charge an additional fee for additional services included in the contract and insurance);
  • it is also worth monitoring the condition of the car (the fact that you take it on a personal lease does not give you the right to do whatever you want with the car, so you can’t return it in a bad and dirty condition, a fine may be charged for this);
  • high responsibility (it is worth carefully studying the area and the traffic rules in force there).

Buying a car

In Europe and the US, young people are increasingly refusing to buy a car, considering it is not appropriate. And there is common sense in this, because immediately after leaving the salon, the car becomes cheaper, and also requires maintenance and funds for maintenance, not to mention expensive repairs. But there are people who are still sure that the car should always be there. Of course, buying a car has its advantages, as well as renting.

Benefits of buying your own car:

  • if you suddenly want to go somewhere at an inopportune time (for example, at night), you do not need to order a taxi or a rental car.
  • in some cases (for example, in certain professional areas), a good car is really considered an important status item;
  • with your car, you can solve the problem of moving in small provincial towns or outside the city (due to undeveloped public transport or its absence);
  • if you urgently need money, you can always sell the car;
  • in bad weather it is much more pleasant to drive your own car than to wait for transport at a bus stop, wait for a taxi or organize a rental car.
(photo by: Valeria Liakhovets, UPSPLASH)

Disadvantages of buying your own car:

  • when buying a new car, most people take it on credit, because the cost of a new car is too high;
  • regular maintenance costs, even when you do not drive it;
  • it is necessary to pass a technical inspection after the prescribed period (from 10 to 15,000 km or 12 months) at a car dealer;
  • the problem of storing a car: leaving a car on the street in the snow and rain is not a good idea, buying or renting a garage is quite expensive.

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