If you are considering getting a car, it’s likely that you’ve wondered whether you should purchase a car or lease a car. Renting a car has many advantages over owning one. Let’s look at some key reasons why you should consider rental cars:

• Cars are depreciating assets: Cars are depreciating assets and with time, wear and tear will significantly reduce their resale value. In most cases, even just driving a car out of the showroom will cause a minor depreciation in its value. Given this, you don’t stand to gain anything when selling a car. In comparison, when you rent a car, you really don’t have to worry about the car’s value getting depreciated over time.

• There are no maintenance costs involved: One of the major expenses involved in owning a car is the maintenance costs. With rental cars, you don’t have to worry about this. The rental car agency, in most cases, will take care of car maintenance.

• You’ll have a replacement car in case of major repairs: In case your car has to go in for major repairs that are likely to take a few days, you won’t be left without a car, when you lease. Your car rental agency will provide you a replacement car that you can drive until you get your leased car back.

• You get to enjoy the rental agency’s rewards programs: Most car rental agencies offer rewards programs to customers to encourage loyalty and ensure that you continue renewing your lease with them. This helps you, as a customer, gain more by leasing a car.

• You get a wider range of cars to choose from: When you purchase a car, your choices are restricted based on the total amount of money you can spend on the car. However, in the case of rental cars, since your payments are a lot lower, you have a wider range of choices.

• Rental cars are affordable: Unlike when you purchase a car, you don’t have to save up a substantial sum of money or take out a loan with a relatively high rate of interest to rent a car. Your rental payments are likely to be a lot more affordable.

• You don’t have to worry about selling your car: If you buy a car, you are stuck with it at least for the near future. If you want to sell it and purchase another car, you’ll need to go through the trouble of finding a buyer and negotiating the price with the buyer. On the other hand, with rental cars, you can simply choose another car or model at the end of the lease and not have to worry about selling it.

A rental car can make your life a lot easier. Ensure that you visit a few car rental agencies in your area to familiarise yourself with the pricing and terms quoted by different agencies.