Many people wonder before buying a car which is the better option if they are renting or buying it. The first thing that comes to mind when buying a car is that they will be the owner of the vehicle, which gives a sense of security and this is usually one of the most important aspects, so it may seem clear that buying is the better option. However, what many don’t suspect is that car rental can be more affordable for companies in many ways.
What Exactly Does Operational Leasing Cover?
As part of the service, the newly purchased vehicle will be delivered to the customer for several years (determined in advance by contract). The purchased car is owned by Budget, but the renter has the right to use it for a specified period of time. It is important to emphasize that in the case of new cars, we order the vehicles according to the needs of our customers, with the equipment and design they want.
What Does The Rental Fee Cover?
Nowadays, due to the virus situation, it is unfortunately difficult to plan ahead with expected revenues and expenditures. This is why companies can benefit from an operating lease with a monthly fee, as it can be calculated well every month. It is also well known that in the case of buying a car, leaving the trade drastically reduces the value of the car (which can be as much as 20%), allowing the car to be sold later for a much lower amount, which is not good for the company. On the other hand, in the case of leasing, the fleet manager takes into account the resulting impairment and depreciation.
The rent a car fees are designed to include everything our customers may need, and we also take over the car-related matters. In the case of your own car, there can be many maintenance costs that are difficult to calculate (due to changes in prices and times). These operating and maintenance costs are borne by the operator, ie we are responsible for renting car. We also arrange appointments for mandatory services, seasonal tire changes and any failures that may occur. You can also use our delivery service if necessary, which makes it even easier to solve service problems.
In addition to operating costs, insurance costs are also included in the rent a car price, so our customers do not have to deal with this either. As well as on demand, we can also include the highway usage fee in the price, so you don't have to bother with monthly stickers.
Overall, only the cost of fuel is an additional cost, which is not included in the rent. However, we also have a solution to simplify refueling, it is possible to apply for a fuel card through our company. This way, vehicle users can pay the amount of refueling with the card instead of cash, which the company can pay in one installment afterwards.
Other Fleet Management Benefits
- Full rent a car fee is eligible for deduction as costs
- To corporate-related use, VAT (up to 100%) can be reclaimed
- No need to commit to a car for up to several decades (after the contract expires, it is possible to choose a new car and enter into a new rent a car agreement)
Our company strives to make the car rental process as simple as possible for our customers. If you have any questions about the operation of the long-term lease, feel free to contact our staff!