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Rent, Lease or Buy When Working Abroad?

Filed under: Reputable Car Hire Companies — Tags: , , , — admin @ 10:17 am September 21, 2010

Whether you’re on a placement or a company exchange, there are numerous opportunities in life where you may end up working abroad for a short period of time. The location of your workplace may mean you need a car. But how long does it take before leasing or buying a car becomes more cost effective than renting?

Car leasing used to be the only option when staying somewhere for a prolonged period of time; however with more and more cheap car hire websites and companies springing up everyday, car hire may now be more cost effective.

Car hire
will also give you much more freedom as, generally, leasing contracts run for 12 or 24 months, meaning that if your work placement gets cut short, or even if you just decide you don’t need to have the car anymore, you will be stuck within that contract. Many car hire options allow you to renew at the end of each week or month, making it a lot easier should you need to cancel.

Buying a car may seem an attractive option, as many people feel renting is ‘throwing away’ money. However, although you can sell the car if you’ve bought it, cars lose value so quickly that even after a short period of time you will make a loss. Car hire allows you to drive newer cars and includes insurance, so you certainly won’t be losing money.

Since they are easily accessible, you can find cheap car hire in the UK, USA, and Australia or any other country. So, you can be sure the perfect car will be ready and waiting for you.