What kind of car rental should we choose?
Renting a car is a clever way to make a car profitable and to earn money. There are several ways to rent a car, but the conditions vary according to the type of rental. Carpooling, car rental between individuals, advertising rentals, service transportation rentals belong to the different ways of car renting. The car driver needs to have at least 3 years of driving license. The renting contract depends on the length of the rental. For example, you can choose between an LLD (long term) lease and a LOA (purchase option) lease.
CAR SHARING: ANOTHER WAY OF DRIVING
Rental between individuals
A rented car must be insured by the owner like any other vehicle, whether it is rented by a company or an individual. While there is specialized auto insurance for corporate fleets, individual owners must turn to traditional auto insurance. Private car rental also spares the driver any maintenance spending.
There are two types of car rental: professional car one and rental between individuals like that offered for instance, by Get Around. It needs to be said though that the most common way of car rental consists of taking a vehicle from stations reserved exclusively for this service and then returning it to the same location. Then, there is the “free floating” car sharing which consists of making vehicles available to users within a defined area. Users can thus locate an available vehicle via the geolocation of their smartphones and book it.
CAR INSURANCE
What kind of insurance to choose for a renting car to a private individual?
CDW or Collision Damage Waiver
The Collision Damage Waiver (CDW) protects the driver in case of an accident in which he is at fault.
TP or Theft Protection insurance
This option covers the driver in case of thief in the event of attempted or actual theft of the rented car.
PAI or Personal Accident and Baggage Insurance
This option covers medical expenses for the occupants of your rental vehicle in the event you are involved in an accident.
Young driver – What are the conditions for renting a car?
Everyone can rent a car by respecting the conditions.