How car rental works

The renting of cars consists of the rental of vehicles but not of tourist type, for a short time, but for long periods and that can even include an option to purchase the vehicle. Although at first, companies were the main users of this system, more and more individuals are opting for it. So you can assess if you are interested in this method, in .com we explain how car rental works .

one

The customer does not buy the car, but rents it for periods of time ranging from two to five years. In return, each month is paying a monthly installments whose amount varies depending on the vehicle model, which is usually high-end.

two

The renting may include an option to purchase, although the latter is not the most used modality, since the car is a consumer product that loses value over the years.

3

Many companies opt for renting since it is beneficial from the point of view of taxes. For example, in Corporate Tax, the income paid will be a deductible expense.

4

For individuals, one of the advantages of renting is to get rid of the concern of car maintenance, with the costs involved, and the economic scares caused by the repair of a major breakdown in the car.

Thus, you will know for sure how much the expense in the car means, with fixed monthly payments. In addition, you will not have to disburse the high initial amount involved in the purchase of a car.

5

With the renting, the user forgets to have to hire car insurance, since the rental company is the one in charge of these procedures.

6

The registration and the other procedures necessary to legalize a car are also borne by the company in the renting system.

7

Fines and other expenses arising from the misuse of the car or contrary to the manufacturer's instructions, will be borne by the customer, as well as those that have occurred for behaviors in which the driver was under the influence of alcohol or other drugs.

8

Normally, the renting contract includes the number of kilometers we are going to give the car . If we overcome them, we can be penalized economically. In any case, it is a point of the contract that can be modified during its term.

9

When signing a renting contract, it is necessary to pay a deposit, as happens with the rental of other types of products. The average indicates that there are two installments that must be paid.

10

In the event that we decide to terminate the contract earlier than planned, we may be required to pay half of the remaining terms of the car's renting .