Can a Car Rental Save Me Money?

A car rental is one alternative to buying a car. It can save you money, especially if you do not use a car regularly. Additionally you may be able to rent a car occasionally and make do with an older less reliable car for the majority of the time. Often car rentals are overlooked as a solution to a number of problems. With the right planning you may be able to save significantly by renting a car.. Here five times when you should consider car rental instead of purchasing a car.

1
Owning vs Renting in a Big City

Car Rental
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If you live in a large city with good public transportation, there may not be any need for you to purchase a car. You can take care of your daily needs within the city through public transportation. In fact this may be quicker than trying to drive a car in all of that traffic. If you plan a road trip or need a car for a day renting a car once a month would be cheaper than paying for the car insurance, and parking costs of owning a car in the city. If you add the cost of a paying for a car space in addition to your rent, and then the cost of parking at work, it may not make sense to own a car.

If you seldom use your car or the cost of owning a car is prohibitive where you live, it may not make sense to have one. Car rentals are the perfect solution for this. Additionally, you will not need to worry about upkeep or repairs for your car. 

2
Planning a Roadtrip

Often people think of car rentals when the go on vacation and are flying to their destinations. However, it can make sense to rent a car for a road trip. This may be a good idea if you do not own a car or if the car you have is not very reliable. It puts the mileage on another vehicle, and you have the added protection of the car rental company helping you out if you were to break down.

This may be a peace of mind decision if you have an older car. It is also a good solution if several of you are headed to the same destination and you will not all fit into one car. You may be able to make the trip easier by renting a large van and planning your trip that way. 

3
Errands Around Town

Moving or transporting big items is another great time to consider a car rental. If you cannot find a truck or large car to borrow, you can always rent one. In fact you can split the cost with friends if you have several people who need to move just one or two items, by coordinating your efforts you can all save money and help each other out. Joining a car share is a good option for these types of errands.

When renting a moving van or a truck, you can save money by choosing a smaller option and making a few trips, but this only makes sense if you are doing a short distance move and if the parking is easy to deal with. 

4
Special Occasions

For special occasions, you may consider upgrading your car by renting. If you are planning to propose or you are attending a really classy event and your car just will not cut it, renting a car for the day can save you money. In fact renting a car occasionally through the year will save you money as compared to purchasing a luxury automobile to use every day.

If you rent through a car service, you can look online for a Groupon deal or for discounts. If it is for a specific occasion like a wedding, you may be able to have this scheduled as part of the overall package and save a money that way. 

5
Vacations

Finally, car rentals can make your vacation easier. It is always fun to choose a new or different model and have an extended test drive while on vacation. This can help you make a wise purchase when you do decide it is time to buy a car.

You can save money on these rentals with your professional organizations or alumni associations. You can also book through a travel website or bundle your hotel and airline tickets to find deals. It is much more expensive to rent a car when you are under twenty-five, and so if just one of you is, you may want to rent it in only one person's name.