Car rental is a very convenient option for regular travelers. Whether you travel for business purposes, or for the pleasure of traveling around the world, rental car services are available for all kinds of long-short trips. Anyone who needs a temporary car can easily opt for renting one rather than buying or leasing.
An increase in transportation infrastructure and better accessibility to remote locations has also helped rental car services to expand throughout the globe. Additionally, developments of user-friendly and internet-based tools make it easy for customers. Great response and high demand from general customers are helpful for this industry to grow. The global car rental market is projected to reach USD 149.99 Billion by 2030.
What is Car Rental?
Car rental is basically a service where you can rent a car for a limited period of time from a service provider. Rentals are generally available on an hourly, daily, weekly, or monthly basis. Usually, car rental service providers rent cars for a period of 12 months or less. Leasing a car is generally associated with renting a car for more than a year but recently interest has been seen in renting cars for a short period of time.
How Does it Work?
Nowadays, car rental services are highly organized and regulated. Service providers follow a certain process before renting their cars to the customer. Prior to renting a car, a passenger must decide and confirm the dates of travel and for how long he needs to rent the vehicle. This will help to consider and calculate the cost of renting a car.
It is as easy as making a phone call or answering certain questions on the website or mobile application of car rental service providers. This question set will have questions such as the period for how long you want to rent a car or any other information related to the car model and the number of passengers to consider.
After considering all your requirements, the service provider will suggest options to choose from based on your budget. Some car rental companies require you to purchase rental insurance beforehand. You have to submit your address proof, driving license and emergency contact numbers, and payment details. Some car rentals will let you do this online. In other cases, you have complete document verification and payment at the time of rental car pick up.
Rental car price depends and varies according to the availability, location, and company you are renting the car from. Car rental service providers generally do not provide drivers. One can ask the rental service provider either for contacts or hire a driver for a short period of time.
Advantages Of Car Rentals
Car rentals are also preferable for the urban lifestyle. It is more convenient than public transport and easily available at any time. There are many advantages of car rentals as listed below.
- It's not always easy to plan your schedule according to public transportation, car rentals give you that freedom to plan your travel according to you.
- Car rental is cost-effective as you don't need to worry about your car’s engine, maintenance, or any other clearance certificates. All this will be taken care of by the rental service provider.
- Technological advancements have made the car renting process very comfortable. You can choose and book your rental car online. Sometimes full payment is done in advance or paying a certain advance amount at the beginning and remaining at the end of the trip also works.
Developments in the travel and tourism sector will be helpful for car rental companies. The need to provide the best service to your customer has become necessary to be in this business. To accomplish these demands companies are investing in research and development to improve the current car rental experience. This is going to help the car rental service to lead the travel and tourism industry and how the transportation industry works.