Car rental for private individuals: what are its advantages?

Deciding to buy a car in the times we are living in can be somewhat complex, since a car is one of the most important investments for a family.

It is no trivial matter, and any nuance can tip the balance one way or the other, but is car rental for private individuals really worth it? Here’s what you need to know.

First of all, let’s make clear what renting is. Although it is a term that already sounds familiar, there are still people who do not fully understand its meaning. Renting is the lease agreement signed between the lessor and the lessee, in this case between the brand and the customer. Both agree to temporarily transfer the use and enjoyment of an asset. The lessee, the person who will enjoy the asset, must pay the fee set when the document is signed. In short, it is a medium- or long-term commercial contract.

Nowadays, vehicles registered under renting already exceed 20%. This trend keeps growing year after year. Companies dedicated to this type of long-term “rental” offer customers packages with different services and conditions.

It is important to note that renting contracts usually have a minimum duration that depends on the type of vehicle and the type of customer. As Pere Navarro himself has stated, “the progressive increase in the number of rented vehicles reveals a society in which payment for use, rather than for ownership of goods, will become increasingly important.” For its part, the Spanish Association of Vehicle Renting wanted to add that renting is “the best solution to have a vehicle without the constraints that come with owning it.”

What advantages does car rental have for private individuals?

One of the main advantages is savings, and this figure can rise to 15% compared with buying a vehicle outright or through financing.

Among other things, it also stands out for the ability to change vehicles and for the greater number of safety assistants fitted than the average car. We must not forget the environmental impact, since renting companies for private individuals, such as Renting Finders, tend to acquire more efficient vehicles.

Car rental for private individuals is a formula that offers benefits to drivers, since they only pay a monthly fee that includes the price of the vehicle and all associated costs, such as road tax, registration tax and even insurance.

It is important to note that the main car manufacturers are betting on the car rental model for private individuals. Due to the health crisis we are experiencing, sales are declining, and this format can become a strong alternative.

Renting offers keep increasing, and dealerships themselves are offering this service to private individuals. Seat, Peugeot, Renault, BMW or Mercedes-Benz are just some of the brands already betting on car rental for private individuals.

Furthermore, among the models preferred by drivers, the Nissan Qashqai stands out, followed by the Renault Kangoo, the Seat León, the Renault Clio, the Toyota CH-R, the Peugeot 3008 and the Volkswagen Polo.