Given all the uncertainty the last year has brought us with the ongoing Coronavirus pandemic, renting a car is slowly becoming a more appealing option for many UK residents. More and more people residing in cities, especially places like London, are finding that car rental is actually pretty reasonable. Whether you’re on holiday or need a car for work, here’s some things to consider when deciding whether to rent or buy a car.
If you live in a city that has a good public transit system, you probably won’t need to buy a car. However if you do find yourself needing boot space every now and then or can’t fit your purchases on the bus, renting a car is far more practical. You don’t have to pay for parking costs every month, as well as monthly/annual payments such as car insurance.
The monthly payment of a car roughly amounts to the same as two weeks of car rental in the UK, but most find they only need a rental a few days at a time. A rental also does not need to parked every day of the month, which in some places this can be a real challenge. Particularly if you do not live somewhere with nearby available parking or your own driveway. So, if you take both cost and effort into account, it’s no wonder renting a car is a preferred option for many!
In addition to the monthly cost being significantly lower, another great thing about renting cars is the fact that you are typically not responsible for repairs. That’s right, any repairs that are needed on the car for the length of the lease or rental are not your concern. Renting or leasing a new-model car is always cheaper than buying one outright. You also don’t need to try to sell the car when you’re ready for an upgrade.
At the end of the day, both options have their pros and cons. Ultimately, the decision comes down to budget and how much you will be using the vehicle. Renting a car is a great option for those who are set on driving a new-model car that would otherwise be out of their price range and people who only need a vehicle for a fixed period of time. It is a great alternative that actually helps you save money, particularly if you do not use a car regularly.