Car Rental vs. Buying A Car: What's More Profitable

It’s no secret that every year car prices are rising. More and more often we are starting to wonder if a car is really necessary for a comfortable standard of living. Of course, owning a car is a high level of mobility and certain opportunities that make everyday routine easier. However, not everyone can effortlessly afford such a convenience. But there’s a very usable option – a car for rent. It also has its advantages as sometimes renting a car can be even more profitable than buying your own vehicle.

This is especially an option for tourists exploring the most unusual corners of the planet. For example, if you are going to the UAE in order to take a break from the cold and make up for the lack of vitamin D, a car for rent would be the best decision. To get adrenaline rush, you need a sports car like the Lamborghini. Click on the link to see all available rental options: https://renty.ae/brands/lamborghini. 

You can also consider a more nimble and bright baby like the Porsche Boxster – acceleration to hundred from 4 to 7.6 seconds, easy maneuvering in traffic, and beauty to the eye. Porsche UAE offers market diversity so you can choose any model you want. The main thing is to try to drive a luxury Porsche at least once in your life! 

But how to understand what exactly will be better for you personally? 

• Advantages of buying a car

Of course, buying your own car has its advantages that we shouldn’t neglect. Firstly, it’s a convenient option in case of emergencies. You are not tied to public transport. At any convenient moment you can get in the car and go where you need to. Secondly, the presence of a car guarantees comfort and safety, because you keep everything under control. In addition, this way you can help your family: take someone somewhere or, on the contrary, pick them up.

• Advantages of renting a car

There are much more advantages in renting a car than in buying it. The first plus is the flexibility that car rental gives. You don’t need to save money for years or take out a loan before buying a long-awaited car in one day. 

The variability of car brands offered by car rental companies is also a huge plus. Imagine, you are a big car enthusiast. You would like to try many brands: from Volkswagen to Porsche. Car rental gives you this opportunity. 

The main advantage that distinguishes car rental from purchase is the absence of the need to pay additional expenses. We are talking about taxes, regular technical inspection, tire change, and so on. If you add up all these costs, you will get a large amount that not everyone will want to spend. 

The cherry on top is a quick registration. Passport, license, contract – and everything is ready.

• Simple comparison

Before making a decision between buying a car and renting a car you should analyze the economic side of owning the transport. It involves the cost of the car itself, insurance prices, technical inspections, unforeseen expenses for repairs, consumables such as gasoline, engine oil, tires, and annual taxes. Plus the necessity of keeping a garage or a parking lot. 

The most important thing is to understand whether you are ready to spend money for these expenses. To fully understand the situation, calculate the specific amount that goes beyond the cost of the car plus the approximate cost of its maintenance. Then compare it with the cost of renting a car in your city or on vacation. Try to understand what works best for you. 

In the end, such a significant acquisition as a personal car and its further maintenance can hit the budget hard, while a car for rent is becoming an increasingly popular service due to money savings, mobility and flexibility without the need to be attached to one location.