When considering acquiring a vehicle, not everyone opts to buy a new or used one. There are other options in the market that, depending on the individual’s needs and how the car will be used, might be more suitable and even cost-effective. Renting is becoming an increasingly popular option among users.
Let’s take a closer look at the characteristics and advantages of this type of subscription to help you in your decision-making process.
How Does Renting Work in Chile?
In general terms, renting is a long-term subscription for leasing a 0 KM vehicle (12, 24, or 36 months). The person renting the vehicle does not have the option to own it at the end of the subscription, as in other modalities, but can only use it for the duration of the contract. However, MITTA GO does offer the option to purchase the vehicle at the end of the period.
This leasing system not only facilitates access to the vehicle but also handles all the related processes and paperwork (registration, insurance, circulation permits, etc.). It also includes maintenance, inspections, taxes, tire replacements, and more.
The fixed monthly payment established by the renting service allows for better planning and more effective management of expenses, which often results in lower costs compared to purchasing a vehicle.
To determine the monthly fee for renting, factors such as the exact model of the vehicle, annual mileage, subscription duration, and additional services (such as a replacement vehicle in case of breakdown or accidents, additional drivers, deductibles, etc.) are taken into account. Finally, renting subscriptions typically expect the user to cover fuel costs, as well as fines and tolls.
Advantages of Vehicle Renting
One of the main benefits of this type of property leasing subscription is its adaptability to the specific needs of the user.
Additionally, as mentioned earlier, renting allows for better and more timely planning of expenses, since the monthly fee includes taxes, repairs, maintenance, and unexpected costs right from the start.
It’s important to highlight that renting subscriptions allow users to worry less about maintenance and legal issues related to vehicle ownership, as the company providing the service handles those matters.
Can an Individual Access Renting in Chile?
Unlike operational leasing and rent-a-car, renting is a subscription service aimed at individual users or private individuals, and it is becoming increasingly popular due to the benefits mentioned earlier.
For more information, we recommend contacting the MITTA GO team, a company with over six decades of experience in the leasing industry, offering services not only for renting but also operational leasing and rent-a-car.