You may be familiar with renting a car for a vacation or a quick weekend getaway. Did you know that you can also rent a car for the long term over several weeks, months and sometimes up to a year? Long-term rentals are a great option to explore if you need a car but don’t own one for any number of reasons. Keep reading to learn more about how long-term rentals work and whether this option is right for you.
When does a long-term car rental make sense?
A long-term car rental can make sense in several situations:
- You’re not ready to buy a car: A long-term car rental can be a great option if you want the convenience of a vehicle but aren’t ready to commit to one car, prefer not to own a car or can’t afford to purchase one yet.
- You’re on a budget: Depending on the car you rent, long-term car rentals may be more cost-effective than monthly car payments. You may also save money by renting for a longer period instead of consistently using short-term car rentals. However, it’s important to do your research and compare your options since costs vary across rental companies. Factors such as the type of car, premium add-ons, mileage and insurance all play a role in the total cost of a rental.
- You need a car for a specific long-term purpose: Perhaps you have a seasonal job that requires you to drive a car every day of the week for a few months, or you’ll be traveling for work for an extended period in an area without reliable public transportation. A long-term rental can provide week-to-week or month-to-month flexibility without the commitment of buying a car.
- You meet car rental requirements: You must have a valid driver’s license before you can rent a car. Age requirements vary by state (21 is usually the minimum age, but there are exceptions in some states). Drivers under 25 years old will usually be charged an additional daily fee. You typically also need a valid credit or debit card.