Car hire in Cairns is one of the best ways for tourists to get around, but what if you live here or are here for an extended period of time? Is a car hire in Cairns the best idea for you or should you consider leasing or buying? Let’s take a look at the benefits of each of these strategies, so you can make an informed decision for yourself.
Leasing a car involves a long term commitment, usually 36 or 48 months. This might not be something that suits your needs, however there are also other factors to consider. For example, whilst the monthly payments for the leased car are usually lower than those of a loan, you won’t build up any equity in the vehicle. You can’t sell it and get your money back (or a portion of your money), but you can buy it at the end of the lease.
A big benefit of a leased car and most probably, one of the biggest benefits, is that you can opt for a luxury car, one that you would never be able to afford to buy (car hire in Cairns includes luxury cars!). You can also update to the newest models at the end of the lease, so you always have the best ride in town. Another benefit to leasing is that all the services will usually be covered by the dealership, so you don’t have those expenses. Yet another benefit is that if you use your leased car for work, you often receive a bigger tax deduction than if you took out a loan to buy a car for business use.
So you’ve decided to buy a new car, rather than a leased vehicle or car rental in Cairns? If you want more money in your pocket, then in the short term, a leased car seems like the better option. However, you can’t sell a leased car and you don’t own any of it. So at the end of the lease, you have nothing. When you buy a new car, however, you can sell it on after two or three years, retaining a good amount of the value and buy yourself an updated model. Some people would never lease a car, always preferring to own their vehicle, knowing that they will get a return when they sell it after a few years. It’s often a personal preference.
One of the downsides of leasing is that you have to pay for the kilometres you drive, so if you drive a lot of kms, your payments can be fairly hefty (they can also have penalties for going over the assigned kms). If you buy your own car, however, you can put your foot to the pedal and not worry about how far you drive. Wear and tear, as well as minor scratches can also be an issue with leasing, as you might have to pay a fee to cover the company’s repair costs.
When you buy a car yourself, these are just part and parcel of ownership and generally, most of us take them with a pinch of salt. So if you want to build up equity in a car, drive for as far as you want, and you don’t want to worry about minor scratches, then buying a car in Cairns might be better than leasing.
If buying or leasing a vehicle seems like a bad idea to you, then a long term car hire in Cairns might tick all the right boxes. One of the benefits of renting a car for an extended period of time is that you can hire a luxury car in Cairns. Luxury car hire is definitely one way to treat yourself, but it might also be a great way to promote your business. Sometimes you just need to ‘dress’ the part to help your business grow and expand, so a long term car rental in Cairns gives you that opportunity without all the expense of buying a car or being locked into a lease contract.
Other benefits of long term car rentals include flexibility, because you can change your car as often as you want so that you always have the latest model. There’s also no worries about paying for services or repairs with long term luxury car hire in Cairns. In fact, Cairns luxury car hire is the perfect choice for a long term car hire in Cairns. With choices from Mustangs, convertibles, Porsches, 4WDs and SUVs, we have a rental vehicle to suit your needs. We even have formal car hire options in Cairns for when you really need something special for a memorable event.