Car leasing is a process of hiring cars for personal or professional purpose. As the title suggests leasing is done on the contract basis. This contract may vary for a long or short term depending upon needs of the company, which is hiring and on availability of cars. Leasing a car is a good idea rather than owning them, this can be understand in the points stated below-
1). Leasing a car saves the amount, which is to be paid while you buy a car.
2). Service and maintenance related the firm, which owns these cars, deals issues.
3). These cars are pre owned by the firm providing leasing service, thus registering them with transport department doesn’t become your pain.
The process of car leasing-
A person or company, who need cars for hire, can contact the car leasing company, and send them request stating that they need their services. The firm, which provides these vehicles, replies them with the quotation. If user is interested and it is feasible for him to hire, both user and provider comes into an agreement and signs the deal according to their need.
Factors effecting car leasing–
1). Time window– Time for which car is to be leased becomes a crucial factor in hiring. As this is a vital factor of agreement between user and provider.
2). Budget – Finance availability becomes a driven factor in car hiring. This factor solely depends upon need of user and features of car available for hire.
3). Spatial needs – Spatial need of car hiring depend upon the use of cars, if it is being used for personal or business purpose.
4). Security features – Human life is irreplaceable, thus safety concerns cannot be ignored while hiring cars.
5). Services and maintenance issues – How frequently the hired car needs to be serviced and how it is maintained, plays a vital role in car hiring. People may not like a car that needs to be maintained very frequently and costlier in maintenance.
Transport is emerging as a big issue and it is need of hour, which needs to be realized effectively and efficiently. Car leasing has a good future if understood properly. These rentals can reduce financial burden, environmental pollution, spatial issues, and other hassles, which will eventually solve more of day-to-day problems and make life simpler for humans.