Long term rental

fun loving criminal · 05-12-2021 7:17pm #1

So somebody told me on Facebook that they are renting a car for €240 per month which includes insurance and tax.

I tried getting more info from them and all they said was to use comparison sites and compare. And when I do this, they are very expensive and nowhere near €240 per month.

Then I done a search here on boards and somebody got a month long rental for €334. And I found this link posted in another thread, where it looks to be reasonable enough for a long term rental.

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

But when I check comparison sites, they are very expensive.

Has anyone got cheap long term rental?

Del2005 · 05-12-2021 11:29pm

That was BC. Car rental places have feck all stock now, they got caught with a lot of stock at the start of COVID travel restrictions, so there's no deals available.

fun loving criminal · 05-12-2021 11:36pm

https://www.boards.ie/discussion/comment/118275046#Comment_118275046

So where's all their stock now?

fun loving criminal · 05-12-2021 11:38pm

I've also done a quick search on leaseplan online and that doesn't look too bad at all. Does anyone have any dealings with them?

hurleronditch · 05-12-2021 11:43pm

https://www.boards.ie/discussion/comment/118275084#Comment_118275084

They sold it. Used and new car supply is at an all time low, demand for rentals, whilst improved vs spring summer 2020, is still fairly shite, so downsizing the fleet was easy and made total sense.

bazz26 · 06-12-2021 12:14am

Somebody on facebook telling porkies - noway, could never happen...

fun loving criminal · 06-12-2021 1:04am

https://www.boards.ie/discussion/comment/118275296#Comment_118275296

In all fairness, even a search here has brought up a similar price.

fun loving criminal · 06-12-2021 6:48am

Just looking on comparison sites. The cheapest seems to be €800 a month which is far too expensive. But would that be what I'd be looking at nowadays?

bazz26 · 06-12-2021 11:21am

https://www.boards.ie/discussion/comment/118275478#Comment_118275478

When was that price quoted?

International travel is now open and folks who haven't been home since before the pandemic started are now coming home to visit families for the holidays which means huge demand for rental cars. Car rental companies haven't large stock of rentals and cannot get their hands on stock as new cars are in short supply due to the chip shortage. It's a perfect storm where demand outstrips supply so prices reflect that.

Speedline · 06-12-2021 2:37pm

A friend of mine works for a leasing company. They sell their ex leases themselves usually. They have had to take all their vehicles off sale and re-lease them as they are having trouble getting new motors.

colm_mcm · 06-12-2021 9:48pm

I remember reading that article at the time and laughing at how unrealistic it was.

Del2005 · 06-12-2021 11:57pm

https://www.boards.ie/discussion/comment/118280189#Comment_118280189

I got a mid size car for €57 with full insurance for 3 days back then, if I hadn't taken the insurance it would have been about €30, it could be done with planning and a bit of work.

Squeaksoutloud · 07-12-2021 12:29am

I did 28 day rentals for a period of time around 2015 and again in 2017 / 18. Spent anything from 250 up to 500 a month for a focus sized car. Was great value at the time and couldn't believe how cheap it was working out. Had to change every 28 days though but lived near the airport. So it was doable and shocked to see those prices now. Don't think it was practical long term but we were using it as a second car for around 6 months and didn't need during holiday peaks or whilst away etc.

fun loving criminal · 07-12-2021 12:54am

https://www.boards.ie/discussion/comment/118281264#Comment_118281264

Something else I am currently looking at is leaseplan, where you lease a car. The prices aren't all that bad but the down payment is a bit too much.

Are there any alternatives to leaseplan?

Del2005 · 07-12-2021 1:15am

https://www.boards.ie/discussion/comment/118281397#Comment_118281397

What are you looking to do? If you want cheap motoring buy a banger and drive it till it dies. If you want a nice car unfortunately there's a massive supply side issue for cars and everyone is struggling to get cars, there's no cheap way now to get a decent new car with good specifications.

Gregor Samsa · 09-12-2021 2:37pm

I have absolutely no first-hand knowledge of them, but an ad for https://www.nifti.ie/ came up on FB and I thought of this thread. Seems to be a company leasing cars for 24/36/48 month contracts. From a quick look at their site, you have the option to make an initial payment to decrease monthly payments, or not (with higher monthlies).

From a cursory mess with their sliders, the cheapest car they have with no initial payment and over 24 months is a Kia Picanto at €305 per month. Cheaper per month if you go longer (€220 pm over 48 months) or if you stump up a deposit. Mileage limit of 10,000 km a year at that price, higher is more costly. You've no motor tax to worry about, but you do need your own insurance and servicing/maintenance is on you.

You obviously don't own the car at any point or at the end, and there's a 50% of the rest of your agreement cost if you break the lease early.

Edit: Prices seem to be "dynamic", because I went back there now (only a few minutes later), and the Picanto is €300 a month over 48 months (with no deposit) for me now, and €417 over 24 months. So who knows what prices you'll actually pay.

Long term rental

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