Car Leasing Vs Car Renting - Which Is More Beneficial?
Many customers often mull over the issue whether they require renting or leasing a car. So what is renting and what is leasing a car; this article discusses this topic in context with Singapore car rental industry.
What is renting a car?
Most of us are familiar with the term - renting a car. You get off the airport, visit a rental counter, fill some forms, show your credentials, use your credit card and then they hand you the car keys. If you make an advance booking online, you can cut down some of the paperwork. Renting a car involves using someone elses car for a particular duration and paying for the service.
Things to consider while renting a car
Most probably, you will need a CDW (Collision Damage Waiver). Its an insurance that covers you against odds while driving the rental car. Have a check whether your credit card provides you this cover on rental cars irrespective of location or not. Also check with your insurance policy, whether they have this coverage. After all, you wont appreciate paying for a service that you are already having.
The rates that car rental companies quote in their advertisements seldom include all the expenditures that you are required to bear while having the actual rental facility. Ask an all inclusive quote before comparing different car rental companies, you might need to make clear about the unadvertised costs, such as cost for having an extra driver or cost for returning the vehicle at a different location.
Renting from airport is often costlier than making an advance booking online from your home city. Plan ahead and save on your rental expenditures.
If you want to make a style statement or planning to attend a special occasion, you can consider renting a Singapore limousine. The limo service of Singapore enables you to use an expensive car so that you can stun your friends and acquaintances with a bold impact.
What is leasing a car?
When you require the services of a car for a longer duration, e.g. for a year or more, you can lease a car. When you lease a car for a particular period, you are entitled to drive and operate the car as per your convenience during the stipulated period; the key difference is the ownership and maintenance that rests with the car leasing company.
More than often, whole of this thing may be arranged online. Generally there will be someone at the airport with the car waiting for you, or someone to pick you up and drive to the leasing counter, where you will get all the explanations with respect to the working of the car.
With Singapore car leasing you are alleviated from the general maintenance and upkeep of the leased vehicle. The leasing firm maintains the car for the lessee; this may include insurance charges, road taxes, vehicle servicing, vehicle repairs, vehicle inspection etc.
Factors involved
Vehicle Type Choose the vehicle that best caters to your needs; decide wisely whether you need a MPV, a SUV, a Sports Car, a Sedan, a Hatchback or a commercial vehicle.
Insurance Coverage Decide whether you want to stick to the basic insurance or willing to pay an extra for LDW (Loss Damage Waiver) or CDW (Collision Damage Waiver).
Length of Contract As a general convention, you get a brand new leased vehicle if you opt for a contract period of 3 5 years. If you need a leased car for a lesser duration, you might look for a pre-owned car. Many times leasing a pre-owned car can turn out to be cheaper than owning the vehicle.
What is renting a car?
Most of us are familiar with the term - renting a car. You get off the airport, visit a rental counter, fill some forms, show your credentials, use your credit card and then they hand you the car keys. If you make an advance booking online, you can cut down some of the paperwork. Renting a car involves using someone elses car for a particular duration and paying for the service.
Things to consider while renting a car
Most probably, you will need a CDW (Collision Damage Waiver). Its an insurance that covers you against odds while driving the rental car. Have a check whether your credit card provides you this cover on rental cars irrespective of location or not. Also check with your insurance policy, whether they have this coverage. After all, you wont appreciate paying for a service that you are already having.
The rates that car rental companies quote in their advertisements seldom include all the expenditures that you are required to bear while having the actual rental facility. Ask an all inclusive quote before comparing different car rental companies, you might need to make clear about the unadvertised costs, such as cost for having an extra driver or cost for returning the vehicle at a different location.
Renting from airport is often costlier than making an advance booking online from your home city. Plan ahead and save on your rental expenditures.
If you want to make a style statement or planning to attend a special occasion, you can consider renting a Singapore limousine. The limo service of Singapore enables you to use an expensive car so that you can stun your friends and acquaintances with a bold impact.
What is leasing a car?
When you require the services of a car for a longer duration, e.g. for a year or more, you can lease a car. When you lease a car for a particular period, you are entitled to drive and operate the car as per your convenience during the stipulated period; the key difference is the ownership and maintenance that rests with the car leasing company.
More than often, whole of this thing may be arranged online. Generally there will be someone at the airport with the car waiting for you, or someone to pick you up and drive to the leasing counter, where you will get all the explanations with respect to the working of the car.
With Singapore car leasing you are alleviated from the general maintenance and upkeep of the leased vehicle. The leasing firm maintains the car for the lessee; this may include insurance charges, road taxes, vehicle servicing, vehicle repairs, vehicle inspection etc.
Factors involved
Vehicle Type Choose the vehicle that best caters to your needs; decide wisely whether you need a MPV, a SUV, a Sports Car, a Sedan, a Hatchback or a commercial vehicle.
Insurance Coverage Decide whether you want to stick to the basic insurance or willing to pay an extra for LDW (Loss Damage Waiver) or CDW (Collision Damage Waiver).
Length of Contract As a general convention, you get a brand new leased vehicle if you opt for a contract period of 3 5 years. If you need a leased car for a lesser duration, you might look for a pre-owned car. Many times leasing a pre-owned car can turn out to be cheaper than owning the vehicle.