Long term car rental

Mini850

Hi All,

Anyone out there currently gone or going down the route of Long term car rental as opposed to the tradition routes of car ownership?

I'm interested to hear peoples experiences and whether it was a cost effective way to have a car.

I know that depends on circumstances but I'm interested in hearing how people are getting on with it.

Cheers:)

tossy

Do you mean leasing ?

Mini850

I mean renting. Car rental companies will rent a car to you long term, i.e. more than a month and up to 36 months.

bazz26

My understanding is that 90 days is the longest period you can make on any one car rental agreement here. You could of course take up another rental agreement when the 90 days expires but it would probably mean having to drop/collect a car every 90 days too and I cannot imagine it being cheap.

U_Fig

bazz26 wrote: »

My understanding is that 90 days is the longest period you can make on any one car rental agreement here. You could of course take up another rental agreement when the 90 days expires but it would probably mean having to drop/collect a car every 90 days too and I cannot imagine it being cheap.

I've seen adds for long term lease on cars up to 36 months but have never used them.

cruizer101

I think its generally referred to as leasing if you are talking long term so you would be best googling car leasing if looking for options.
Its not very popular here for private individuals see a fair few transit connect/vw caddy size vans with leaseplan stickers on them.
Is it cost effective? I don't think so but potentially if you were considering buying new the cost could be comparable with the depreciation on new car.

JJJJNR

Is personal contract hire not available in Ireland anywhere, it's cheaper in the UK than PCP at least.

theteal

MrsTeal had a Mini on lease through some NHS scheme a few years back. She was happy with it, insurance covered as part of it (for me included) but I don't think that's standard for normal leases. She sent it back early in prep for the baby coming along as she wouldn't be able to afford it when on mat leave - that cost a few quid.

I've been looking into it recently as she needs something a bit bigger for cat seats and buggies. I can get something like a Tucson for 3 years for about £220pm at last check, could be tempted.

bazz26

U_Fig wrote: »

I've seen adds for long term lease on cars up to 36 months but have never used them.

Renting and leasing are both words mentioned in this thread so it's confusing to know what exactly is the difference in the context of this thread. Renting to me is going through the likes of a car hire company.

R.O.R

bazz26 wrote: »

Renting and leasing are both words mentioned in this thread so it's confusing to know what exactly is the difference in the context of this thread. Renting to me is going through the likes of a car hire company.

Leasing is a fixed term contract with hefty charges to exit the contract early.

Long term rental usually has a minimum commitment (3 months/6 months) etc. but allows for the vehicle to be kept longer than the minimum commitment, but also allows the vehicle to be returned at any point.

Generally, you can pay long term rental via credit card, but Leasing is classed the same as a loan so required approval for the full cost of the vehicle.


I don't see how long term rental could be beneficial. We have agreed long term rates, valid throughout the year, based on the volume we do and that's circa €700 per 28 days, ex. VAT and with no insurance. Insurance via the rental company is usually around €10 (ex. VAT) a day on top.

Personal leasing in Ireland isn't really a thing yet. Too easy to hand vehicles back under the half rule which is the big sticking point on consumer finance.

uncle_sam_ie

R.O.R wrote: »

Leasing is a fixed term contract with hefty charges to exit the contract early.

Long term rental usually has a minimum commitment (3 months/6 months) etc. but allows for the vehicle to be kept longer than the minimum commitment, but also allows the vehicle to be returned at any point.

Generally, you can pay long term rental via credit card, but Leasing is classed the same as a loan so required approval for the full cost of the vehicle.


I don't see how long term rental could be beneficial. We have agreed long term rates, valid throughout the year, based on the volume we do and that's circa €700 per 28 days, ex. VAT and with no insurance. Insurance via the rental company is usually around €10 (ex. VAT) a day on top.

Personal leasing in Ireland isn't really a thing yet. Too easy to hand vehicles back under the half rule which is the big sticking point on consumer finance.

But, doesn't renting include insurance and all the maintenance costs?

R.O.R

uncle_sam_ie wrote: »

But, doesn't renting include insurance and all the maintenance costs?

Long term renting doesn't usually include insurance but either covers servicing or they'll swap the cars out when they are due a service.

Markcheese

Several leasing companies providing all sorts of vehicles, on all sorts of contracts to businesss and sole traders, can't imagine they'd pass up on supplying cars to private individuals for long..

Squeaksoutloud

I tried renting cars for a winter/spring period over around 6 months. As I live near the airport it was relatively easy to drop off collect every few weeks and it was as a second car. Worked out remarkably cheap considering time of year and as it was a second car I didn't it need it over the expensive holiday periods. Took out excess cover for the year. Monthly cost about 300 up to 550 for golf or saloon type but ended up with all types! Thing was the VAT rate was lower by booking separately every month.. So had to swap that often..

https://www.revenue.ie/en/vat/vat-rates/search-vat-rates/C/car-hire-short-term.aspx

kindalen

That is very interesting, many cars would depreciate more than the rental cost.

rabbitinlights

The longest a car rental company would give me a car was 30 days, I had to return the car and start again usually a different car. I did this for 4 months before I felt comfortable enough with the job to buy my own car.

Be careful about using a rental car for work purposes - get it in writing that it's allowed, especially around carrying stock/samples if that's a must.

deletthis

Leaseplan are now doing personal leasing according to their website.

Pekarirska

Mini850 wrote: »

Hi All,

I'm interested to hear peoples experiences and whether it was a cost effective way to have a car.

There's one

https://www.independent.ie/life/motoring/car-talk/it-makes-more-sense-for-me-to-rent-a-car-than-pay-skyhigh-irish-insurance-premiums-35431512.html

Try to avoid summer months as rentals go sky high.

Markcheese

Honestly if I lived in the city, I'd have an electric bike and trailer, and a subscription to go car..
https://www.gocar.ie