Long term car hire is suitable for people who need to travel daily but cannot afford a car. Actually, car leasing is more cost effective than owning a new car. If you buy a new car, the retail price will goes down after a few years. It is estimated that the retail price of a car will goes down by 50% after 3 years. However, if you are planning to rent for short term, it will be more cost effective to own a new car. Hence, long term car rental is the best option. Long term car leasing agreement can last up to 2 – 3 years. There are car leasing options that allow people to rent for 6 – 8 months.
There are several obligations you need to fulfill as a borrower of the car. You must keep in mind that the car is not yours. The car rental agency will perform inspection on the car when you return it. You also need to get a comprehensive car insurance coverage for the car. You also need to take into account the mileage limits and petrol restrictions. When shopping around, you should do research at the online directories so that you can find car rental agencies that offer the best long term car rental deals.