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Terms Used in Vehicle Rentals and Leases
Locations of auto rental and leasing businesses are often near airports. Some companies offer pick-up and drop-off services. Many people fail to understand the terms used by companies during reservations. For the best rates and contract terms, it's important to understand the terminology.
Insurance – Before borrowing a company's car, van, or truck, it's important to check if the consumer's insurance policy covers any damages. If it doesn't it's often advisable to purchase additional insurance coverage.
Leasing – When a person leases a car, the consumer usually borrows the vehicle for a long-term period. This service is best for those temporarily transferring to a new city for job training or school. The rent payment is paid monthly and at the end of the lease period, the consumer returns the vehicle to the dealer. There are no extra fees unless the driver exceeded the set amount of mileage stated in the lease terms.
One Way – One way service is best for someone moving to a new state. The driver hires the van to move furnishings and returns the vehicle to a local branch.
Rates – Rates for rent cover daily, weekend, weekly, or monthly use of the borrowed vehicle. Compare prices because there are generally huge differences in cost from one company to another.
Rental – If a person hires a vehicle for a day, weekend, or weekly period it is known as an auto rental. This type of service is best for vacations or while a personal vehicle is being repaired.
Vehicle Classifications - When borrowing a vehicle, classifications say a lot about the size and comfort. Economy or sub-compact models are cheapest but they're small and don't offer a lot of room. Luxury models cost more to borrow, but they usually have a number of special features and lots of leg room.
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Auto rental services are often an important way to provide transportation for travelers. Whether you are going on a vacation with your family, or simply need one way transportation from the airport, rental companies help a wide variety of individuals get to their destinations. Along with shorter trips, customers can also often purchase long term agreements that can last for several months.
Many different kinds of vehicles are provided by auto rental companies. Common vehicles include passenger cars, vans and trucks. Along with vans and trucks, SUVs are another popular larger vehicle commonly available for individuals to rent. In addition, luxury transportation is regularly offered by car hire agencies as well. Customers looking for cheaper rates can also often find smaller economy cars. Most companies provide lots for their customers to pick up and drop off their vehicles. These lots are typically adjacent, or very close to a company’s service office. More information about a rental company’s services can typically be found online. Company websites regularly include details regarding their line of vehicles, along with rates and special offers. In addition, customers may even be able to rent their vehicles directly from the company’s website.
Rental companies often prefer leasing their fleet of vehicles from car manufacturers instead of fully purchasing them. Leasing has the advantage of lowering immediate costs, and allows companies to more quickly recoup their expenses. From short weekend getaways, to extended vacations, car hire agencies play an important role in ensuring individuals have access to a wide range of vehicles when they are on the road.