Vehicle rental allows drivers to get on the road without making the larger commitment of owning a vehicle. Businesses might want to rent a company car for an employee. Individuals may like renting because it offers more flexibility. They might also find it cheaper for their lifestyle.
Renting vehicles will help to spread the cost over time. The length of the rental can be changed to suit a customer’s requirements. Tax benefits also exist, with the ability to claim back VAT on rented vehicles.
One use case for mid-term vehicle hire is company cars. Businesses often hire a new employee and rent a company car for them. However, the employee may leave for whatever reason, which can leave the company with months of a rental contract remaining on a car with no one to drive it. Mid-term leases offer a solution, allowing businesses to initially rent a car short-term, usually for the employee’s probation period, and then transfer to a long-term deal when the employee has passed their probation.
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