Hiring a car compared to owning it
If you are thinking of buying a car than think once again before making your decision. Owning a car is a good thing but you can´t always take your own car everywhere. But with rented car, you can travel almost everywhere as you can rent them where ever you have to go.
People rent cars to meet certain purposes like business trip, family vacation or to replace their car when it has gone for repairs.
WHAT´S THE DIFFERENCE BETWEEN TWO:
If you are confused among renting and owning a car than check out certain difference between them:
| S.NO. | BASIS OF DIFFERENCE | RENTING A CAR | OWNING A CAR |
|---|---|---|---|
| 1 | UP-FRONT COST | You only have to pay the car rental charges, a refundable security deposit, taxes, registration and other fees. | Owning a car includes the purchasing cost of car or the down payment for car, taxes, registration fees, service charges and other charges. |
| 2 | SAFETY FROM WEAR AND TEAR | Since it is not your car, it doesn´t mean you can drive as you like. If by mistake any wear and tear takes place during journey than your car gets replaced by the other rental car and you can enjoy the journey. Yes, you will have to pay charges for breakdown. | Sometime, if not driven properly you can end up with breakdown of your own car. Which can reduce the resale value or trade in value of car.
You cannot call for another car to continue your journey once breakdown in car takes place. |
| 3 | FREEDOM TO DRIVE | Sometime you need to fly and visit places frequently. In such cases, rental cars are the best and convenient option to travel in an unknown place. | You cannot take your own car everywhere you aspire. You have to drive it within certain distances, keeping in mind the road conditions etc. |
| 4 | Vehicle return and getting new | As soon your trip ends or on returning date, you can return your rental car. Whenever you plan your next trip, again you can rent it according to your needs. | If you own a car than you need not to return your car to anyone but you can only change the car if you sell it and purchase a new in replacement of that. |
Conclusion:
There are many reasons for renting a car but whatever the reason may be renting a car is beneficial in most of the cases over owning a car. Even if you calculate all the cost factors associated with renting and owning a car than you will find that renting a car would be the best option as compared to owning your own car.