The process of purchasing and owning a car, whether using cash or credit, may not be ideal for everyone. For those not looking to acquire the asset under their full ownership, long term car rental or car subscriptions is an option worth considering.
Long term car rentals or car subscriptions from are all inclusive. Benefits such as free prescribed kilometres per month, insurance, maintenance and tracking are included in the monthly rental fee. To qualify, one needs to be 25 years or older, have a valid driver’s licensed and earn more than a certain prescribed amount per month from their place of employment.
Once one has established that they are interested in getting a long-term car rental or car subscription and they meet the minimum requirements, they can get on the road immediately with same day processing.
Steps to acquiring the long-term car rental:
- Complete the application form
- Submit relevant documentation
- Get approval confirmation
- Pay the deposit and first month’s fee
- Get your ride!
Completing the application form
ACROSS companies, the application form to fill in can be done online for convenience. The application form may also be completed manually. If assistance is required, the tele sales agents are available for clarifications and advice regarding how to fill out the form.
Submitting relevant documentation
DOCUMENTS that may be required are identification, proof of residency, payslips and bank statements which can be proof of employment. If application is completed online, scanned copies will need to be uploaded on the service provider’s platform.
Get approval confirmation
WHEN the application has been completed in full and documentation checks out, approval confirmation will be sent in the form of an email with additional contractual agreements to sign.
Pay the deposit and first month’s fee
THIS is just a way of insurance for the service provider. Included in the initial payment is the administrative fees which will make the car rental possible.
Get your ride!
DRIVE off into the sunset! Seriously, once your vehicle is handed over to you it can take you to all the places you’ve dreamt of.
Still not sure whether long term car rentals are for you? Here are some advantages and disadvantages to consider:
Advantages of long-term car rentals
- For a car subscription, a credit rating is not required
- Maintenance and insurance are included in your monthly so there’s no need to worry about having to service your car
- Tracking device affixed to your car for your safety
- The subscription service allows users to drive the most modern versions of the car brand they use
Disadvantages of long-term car rentals
- When using a long-term rental service, you don’t really get to own a car
- Only the driver who has been specified in the lease agreement is allowed to drive the car
Frequently Asked Questions (FAQs)
- Does owning a car feel different to a long-term car rental?
Although owning and renting a car are different from a legal perspective, efforts are made to ensure that the long-term car rental process is as comfortable as they come.
- How can I drive longer than the free 3000 km offered with a long-term car rental?
When the free 3000 km have been used up, the agreed upon pro rata rate on kilometres travelled will have to be paid. So essentially, you can travel extra kilometres but you’ll be expected to pay for it.
- How long is the application process for car subscriptions?
Your application for a long-term car rental can be approved within the same
day to get you driving your desired vehicle as soon as possible.
- What if I don’t like my long-term rental vehicle?
Car subscriptions are set up in such a way that the most modern versions of car brands are available for rental. This will ensure that whatever your taste there’s always sleek ride available for you to choose from. Negotiations for the car of your choice will be conducted prior to any contractual agreements.
- Is a long-term car rental a safe option for me?
A long-term rental comes with insurance and a car tracking device. If you get in an accident or get hijacked, a contingency plan is in place. Your car can be tracked down and insurance will cover any losses or damages to the car. This is included in the monthly payments for the rental.
- If I want to enter into a long-term car rental lease, how long typically would the lease typically be?
Most car rental companies offer long-term rentals for 30 days or longer. Some companies offer 6-month long-term car rental leases and some can even offer u
Conclusion
If you fancy yourself a modern car without the worry of maintenance and insurance or simply do not want to take up debt to purchase a car then considering a long-term car rental maybe your best bet at driving the car you want with considerably less stress.
