ExpatRide Global Mobility Newsletter

Hello,??

It can be difficult for those on international assignments to determine if car leasing or renting is the best option.?

Many factors come into play, such as the length of the assignment, the need for flexibility, suitability, and cost.

To make it easier, we help explain the differences between leasing and renting in this newsletter.

Please don't hesitate to contact me if you'd like to discuss the best options for your assignees.

Cheers, Jesper L?vendahl - CEO & Founder ExpatRide International - [email protected]

What are the differences between leasing and renting a vehicle?

It can be challenging to determine whether to opt for a car lease or rent a car.?Follow along as we look at different aspects and the pros and cons of each option.

Term

• Leasing - When looking for a long-term solution, leasing usually works out to be the more economical option, as you only pay for the amount the vehicle is expected to depreciate during the lease term. Leasing starts between 12-24 months in most countries
• Rental - A flexible rental term starts at one day and can go on for as long as the rental is needed. The duration of a long-term car rental can fit more customized needs

?Flexibility

• Leasing – Oftentimes, the lease agreement can only be as long as the work visa is valid. Lease agreements require an initial payment and, in most countries, insurance is a separate cost
• Rental - The booking process is very straightforward. A rental will require an international driver's license, or the driver's license from the employee's home country is required
• (local driver's license is not needed when renting a car). Insurance is included with your rental

Suitability

• Leasing – Car leasing is suited for people who want to drive a car over an extended period but do not want to buy the vehicle outright. You do not have to worry about fluctuations in the car's trade-in value or go through the hassle of selling it when it is time to move on.
• Rental - Renting a car over several months is ideally suited for employees working for shorter periods at a specific location.

Change of cars

• Leasing – You will need to stay in the same vehicle for the duration of your lease
• Rental - A change to the vehicle size or duration of the rental is easy and free of fees or penalties

Price

• Leasing - The longer you lease a car, the more it pays off financially compared to long-term rentals.
• Rental - The long-term rental is a bit more cost-intensive than leasing

Car Rental Program Worldwide?

The ExpatRide Car Rental Program?is designed specifically for the relocation industry, Global Mobility departments, and assignees. We can assist with vehicles from 1 day and longer—day-to-day or month-to-month rentals in 175 countries.

Direct billing offered in USD, GBP, AUD, SGD, and EUR - No need for the assignee to pay with their personal credit card. No volume commitment and no minimum rental period are required for direct billing.

Need a chauffeur to drive the car? No problem; we can assist with that as well.

Share your rental car challenges with us, and we'll find a solution across one or all of your locations. Contact us for more information.

Want to learn more about our Rental Car Services Here!

Global Individual Motorized Mobility

ExpatRide is fully operational with all of our services across 175 countries. With over 100 suppliers in our network.

• Individual Expat Car Leasing?(40 countries)
• Rental Car?(175 countries)
• Airport Transfer?(All major airports)
• Daily Chauffeur Service?(156 countries)
• Armored Vehicles and Security Trained Drivers?(48 countries)
• Bus services?- 10 to 55 passengers (120 countries)

Video explaining our many services (8 minutes)

Click the video below or visit us at ExpatRide.com

About Us

Our Mission Is to create solutions to current expat assignees’ transportation and settling-in needs. Using innovation, technology, and empathy, we strive to simplify global coordination and service deliveries for our partners and clients, with the end-user in the driver’s seat or as a passenger according to their needs!

We have offices in Denmark, Philippines, United Kingdom, and (HQ) United States.

Contact [email protected] or visit www.expatride.com/corporate