More and more consumers are choosing car leases and car rentals for the convenience and the host of benefits they offer. It has become a superior alternative to buying a vehicle outright and then worrying about monthly loans. However, what exactly is a car lease? And what exactly is a car rental? These are two distinctive services commonly offered by car rental agencies in the Emirate. Even though car hire Abu Dhabi is very popular, many consumers need clarity on the difference between leasing and renting. Have a look at the following to ensure you are choosing the best possible option for you.
There is an Ownership Factor
Leasing implies that at some point, the consumer will have complete ownership over the vehicle. In contrast, car rentals mean that the car is taken on rent for a specific and agreed upon timeframe. Additionally, you are required to pay a set amount for the duration of the vehicle usage, irrespective of whether it’s on a lease or rental plan. In simple terms, car leasing is a convenient method to purchase a vehicle by noting paying a fee upfront as with a traditional lender.
The Contract Terms Are Different
Rental plans are more suited for shorter-term durations. Car leasing, on the other hand, is for longer durations and comes with added benefits and cost-saving provisions. However, this is entirely dependent on your requirements. If you are visiting Dubai on a short trip, perhaps consider a short car rental plan for your stay. Should you need a vehicle for an extended time, companies like Quick Lease have many options available designed to meet all requests and requirements.
Type of Agency
Car rental agencies generally provide car rentals, whereas car dealerships provide car leasing options. Once you know which option is better suited for you, you can move to choose the type of provider you need. Look for a reputable car rental agency or car dealership such as Quick Lease, allowing you to access several different rental options and car leasing plans.
The Insurance Requirements May Differ
Generally speaking, insurance is compulsory; however, some car rental agencies might offer you the option of not having to pay for insurance. Insurance policies differ depending on the company. Ensure you understand your insurance provider with your car rental agent or car dealership. Typically, rental companies recommend opting for the insurance cover. In the event of an emergency or an accident, you are covered without any significant and unexpected expenses. Car rental agencies and car dealerships alike encourage insurance cover for this very reason.
Brand Options Usually Differ
If you are hoping to lease a vehicle, the chances are that you will be visiting a brand dealership. Naturally, you can access vehicles of a specific brand. Car rental agencies often have car rental fleets composed of different vehicles, and thus possibly giving you choice from various brands.