Rent vs. Lease a Luxury Car: Which is Better?

Let’s face it: not everyone has enough money to afford a luxury car; you can either rent or lease it. Both options let you drive and experience the car for some time, and once the rental period is up, the car will go back to the company where you got it from.

However, what makes these two options differ from each other? Which one is a better option for you, then? Continue reading below to find out the answers to your questions:

Convenience in Booking

It is easy and simple to book a luxury car for rent. You just have to call, provide your details, get your payment approved, and then wait for the rented car to arrive.

For a lease, on the other hand, the paperwork is somewhat more extensive. Also, the approval process also takes a bit longer, not to mention that the legalese around it is typically more complex.

Mileage Allowance              

Most luxury cars for rent don’t have mileage limits that often. This means that can drive the vehicle as much as you want. It makes it very suitable for someone who wants to rent a car for a week and plans to take a trip to another city.

Meanwhile, the mileage allowance for leased cars is 7500-15000 miles per year, with an average of 12,000. Although this does work for average drivers, this can lead to problems in certain instances.

If someone drives less than the fixed amount, this means they will pay for something that wasn’t used in the first place. On the other hand, going beyond the limit can result in penalty payments.

This is why it is important to know how much and how often you plan to use the car before you lease one.

Period of Usage

When you rent a luxury car, you can get one for as little or as much time as you want. This means you can choose to keep renting several cars every time and try out new models or units as they come out. It is a great option for people who want to experience the drive and feel of supercars, and only require them for several days at a time.

In case of a lease, you can use the car for a minimum of 2 years. Once you have made a small down payment, you will continue to pay monthly installments for the remaining period. After the lease period ends, the car will be returned to the lessor. It works better for people who need the car for an extended period of time and at the same time, can also afford to continue making payments.

Rent Luxury Cars from Dreamline Car Rental

If you wish to enjoy all the perks of a luxury car with no need to buy or own one, you can rent one from Dreamline Car Rental. As the leading Laguna Beach exotic luxury car rental service, Dreamline Car Rental offers an extensive variety of luxury cars for rent in Los Angeles that can cater to your needs whatever the event or occasion may be.