There are many reasons why you can rent a car instead of buying one. You might only need a car for a short period, and buying a new car might be more of a waste than an investment. You might not have the funds to purchase and maintain a vehicle. If you’ve decided you want to rent a car, you need to answer another question: should you go for a long term rental or a short-term lease? Read about the pros and cons of both and make the perfect decision for your needs.
Pros of short-term car leasing
Since the car won’t stay with you for a long time, car leasing can be much cheaper than a long term car rental. Most of the time, you wouldn’t even need to put in a down payment, which is even lighter on your wallet when you initially lease the car.
Cons of short-term car leasing
If you rent a car short-term in Singapore, you might have a mileage limit. This limit is within the range of 12,000 to 15,000 miles a year, and if you start to exceed the limit given to you, the fees will stock up fast. You might also have to choose from a smaller selection, especially if you have a poor credit score.
Pros of long term car rental
If you need a long term car rental, chances are they won’t need a credit check. Instead, they’ll need a driver’s licence and a credit or debit card. You might be able to get a car with no mileage limit, which is perfect if you’re doing lots of driving.
Cons of long term car rental
Since you’ll be keeping the car for months or years, the fees could be more expensive than short-term leasing. Most rentals need you to be at least 23 or older to rent a car.
CDG Rent-A-Car provides brand-new and gently used cars for leasing, renting, private hire car rental, and more. Visit their website for more information.
