Which Is Advantageous: Short-Term Lease VS Long Term Car Rental
Brand new cars are expensive. But if you want to drive a personal vehicle, there is an affordable way to do it: you must rent a car.
You are most likely given two options if you decide to rent a car in Singapore. The first is a long term car rental arrangement, and the second is a short-term lease. But which one of these car rental arrangements in Singapore is worth it?
LEASE DURATION
Long term car rental In the long-term arrangement, you can lease a car in Singapore for up to weeks, several months, or a year.
Short-term car leaseYou get to use your rental car in Singapore under a short-term lease contract for one to two years. You can enter another contract once you complete the previous one.
CAR RENTAL PROCESS IN SINGAPORE
Long term car rental The booking process is effortless and can be done online. It does not require too many documents.
Short-term car leaseThe company may require you to submit your financial documents. They keep tabs on your credit records before signing the rent a car contract in Singapore.
PURPOSE
Long term car rental This arrangement is for people who need the vehicle for a short period, such as vacation and staycation. It can also serve as a temporary service vehicle.
Short-term car leaseThis arrangement is suited for people who need a car for a longer period yet can't purchase a vehicle.
CHANGE OF CARS
Long term car rental It is easier to change cars in this arrangement after your weeklong or 6-month long contract.
Short-term car leaseYou have to wait for your yearlong or two-year contract to end before changing your car. Prematurely changing your vehicle may cost you hefty fees.
COST
Long term car rental Long-term car rental in Singapore can be more expensive, especially if the contract lasts up to years or more.
Short-term car lease In a one-year or two-year contract, a short-term lease is more cost-effective.
Which of the car rental options in Singapore suits you?
Get them both at CDG Rent A Car!
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