These days, long-term rental cars or auto leases have more benefits than regular new car purchases, so they are often chosen.
First, if we briefly compare the long-term rental car and the installment payment, the installment payment is taken as the property of the contractor when purchasing a vehicle, and the long-term rental car is not considered as an asset.
In the case of installment payments that are taken as assets, it causes an increase in health insurance premiums, and the additional cost of paying property taxes must be separately considered.
Unlike long-term rental cars, which are included in the monthly payment fee, insurance premiums must also be paid directly.
In addition, in the event of an accident, insurance premiums for vehicles purchased in installments increase, and the price of used cars may decrease depending on the accident history.
On the other hand, the advantage of long-term rental cars is that there is no need to consider premium increases and depreciation.
The reason is that if you can get a used car price more than the residual value at the expiration of the contract, you can take over the vehicle, and in the opposite situation, you can return the vehicle.
If you simply compare the monthly payment and the monthly payment, the payment may feel larger, but if you check additional expenses and expense handling requirements, you can see that a long-term rental car is more advantageous.
Lastly, it is advisable to carefully select a company as the product design varies depending on where you are comparing long-term rental car prices.
Not only the monthly rental fee, but also the invisible total loss penalty, crash loss, and intermediate termination fee should be explained in detail.
First, if we briefly compare the long-term rental car and the installment payment, the installment payment is taken as the property of the contractor when purchasing a vehicle, and the long-term rental car is not considered as an asset.
In the case of installment payments that are taken as assets, it causes an increase in health insurance premiums, and the additional cost of paying property taxes must be separately considered.
Unlike long-term rental cars, which are included in the monthly payment fee, insurance premiums must also be paid directly.
In addition, in the event of an accident, insurance premiums for vehicles purchased in installments increase, and the price of used cars may decrease depending on the accident history.
On the other hand, the advantage of long-term rental cars is that there is no need to consider premium increases and depreciation.
The reason is that if you can get a used car price more than the residual value at the expiration of the contract, you can take over the vehicle, and in the opposite situation, you can return the vehicle.
If you simply compare the monthly payment and the monthly payment, the payment may feel larger, but if you check additional expenses and expense handling requirements, you can see that a long-term rental car is more advantageous.
Lastly, it is advisable to carefully select a company as the product design varies depending on where you are comparing long-term rental car prices.
Not only the monthly rental fee, but also the invisible total loss penalty, crash loss, and intermediate termination fee should be explained in detail.
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