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If you have a car, but are unsure whether it’s worth buying or if you’ll be able to afford it, we’ve got your back.
We’ve put together a handy guide that helps you decide when to buy.
Read more about the best car rental deal.
What’s a car rental?
The first time you drive a car in the UK, you’ll pay a fixed monthly fee.
The fees vary depending on your car rental provider and what car you choose.
The fees vary from £7 for a two-month car rental to £35 for a four-month contract.
The rate will be charged at the start of the contract.
If you rent a car through your mobile phone company, you can use your phone to book the car rental.
If the car you’re renting has a lease period, the lease term will vary depending how long you use the car.
The car you buy is not a rental, but is an investment in the future.
You’ll be responsible for paying the car fee upfront and any vehicle costs associated with it.
The terms of the car contract vary depending upon the car’s manufacturer.
Most car rental deals have a 5-year, 30-year or 60-year lease period.
The lease will run from the date of purchase and you’ll have to pay any maintenance and insurance fees as part of that.
If a car isn’t listed on your phone, you might have to call your rental company to find out whether the car is a rental or investment.
You can book the rental of a car online or through a car reservation service, which is the cheapest way to rent a vehicle.