The car hire industry could be classified by the length of the rentals. There are short term rentals which are priced daily, weekly and monthly. Then there are longer terms where rentals which are typically between 24 and 48 months.
The
car hire industry could be classified by the length of the rentals. There are
short term rentals which are priced daily, weekly and monthly. Then there are
longer terms where rentals which are typically between 24 and 48 months.
The
short term industry has multiple routes of entry and has many uses. Uses are
varied and would include holiday rentals, use as a replacement vehicle and
courtesy cars. Access to these can be found easily through the internet, over
the phone or by simply walking into a one of many car rental" offices.
In
the case of short term hires it would be necessary to, as a minimum, provide
identification in the form of a full driving licence. It is also possible that
a credit search would be taken out and a form of deposit may be required as
protection for the car hire
firm. An insurance policy would be needed which can be provided by the hire
firm. Ensure you are clear what the policy is covering you for and check the
level of excess before signing up.
The
cost of rentals will be more expensive on a daily basis than monthly or
quarterly rentals. Try to plan how long you will need the vehicle for before
you take to try to minimize the daily cost.
There
is less options available for mid length rentals such as 12 month terms. The
costs can be prohibitive for both the consumer and the providers.
Longer
terms rentals tend to be 24 to 48 months but can sometimes be longer at 60
months. Again the longer rentals will be cheaper on a monthly basis than the
shorter terms. It is worth considering carefully how long you are prepared to
keep the same car as the escape costs from the contract can be costly.
The
long term car rental" will
require a credit search and a larger initial payment of 3 months is often
taken. Remember you will need to take out fully comprehensive insurance so you
will need to factor this into the cost. Also consider maintenance costs, if you
are doing a large number of miles it may be worth taking a maintenance
contract.
Car hire in the UK
is easily accessed provided you have the right identification and have a solid
credit history. Shop around to find the best and most cost effective solution
for your requirements.
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| About the author |
Barry Mainstone is the Fleet Manager of The Leden Group. A best contract hire and car rental company in the UK. |
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