How much does it really cost to own a car?

For many people, buying a car is one of the bigger financial decisions in life. Yet it is usually judged by the showroom price, even though the real cost only becomes clear after a few years on the road.

Few people keep a car forever. Sooner or later it is replaced, and that raises the question of how much value it has lost in the meantime and what it has cost in total.

The advantages of long-term rental over buying

The advantages of renting are easiest to see once you add up everything ownership involves. Buying requires a large sum at once, and the car starts losing value as soon as it leaves the showroom. On top of that come costs, year after year, that are easy to leave out of the calculation:

• Depreciation: it is not on any invoice, but you feel it when you sell
• Registration and third-party insurance, every year
• Comprehensive insurance, if you want full cover
• Regular servicing, maintenance and unplanned repairs
• Seasonal tyres and changing them
• The time and effort of selling when it is time for a new car

Once it is all added up, buying no longer looks quite so simple. If you change your car every few years anyway, it is worth checking whether ownership pays off at all.

The total cost of a car is the showroom price plus depreciation and the yearly cost of registration, insurance, servicing and tyres.

Why more and more drivers are choosing long-term rental

With long-term rental you pay for using a vehicle instead of buying it. The money you would have spent at once stays with you, and instead of a string of different bills through the year, you have one known monthly amount.

When the contract ends, there are no adverts, no sale and no haggling over the price of a used car. Depreciation is not your concern, which makes planning costs much simpler for private and business users alike.

Long-term vehicle rental in Serbia: terms

Wayport Rentals offers long-term rental of premium Mercedes-Benz vehicles. The rental lasts at least six months, and you choose the period to suit your plans: 6, 12, 24, 36 months or longer.

The monthly price includes servicing and maintenance, registration, comprehensive and third-party insurance, seasonal tyres and vehicle preparation, as well as technical support 7 days a week. You receive the monthly price in a quote, with clearly stated terms, before you commit to anything.

Who long-term rental is for

With long-term rental you do not tie up money in an asset that is worth less every year. The funds you would have put into a purchase stay available for your business, your family or new plans.

This model is designed for companies and management, embassies and international organisations. It suits entrepreneurs and families just as well, whenever they want a premium car without the cares of ownership.

If you would like to compare the figures with your own costs, request a quote for the vehicle and period you have in mind. Wayport Rentals will send you the monthly price and all the terms, so you can decide with clear numbers in front of you.