Figuring out the cost of a luxury car rental service doesn’t have to be an arcane mystery. If you’re wanting to drive in style whether simply for fun or for a special occasion, there are some basic guidelines that you can look at to help you gauge what a luxury rental might run. Read below for ways to determine the cost of luxury car rental services.
You Pay for the Name
As a general rule of thumb, the base price for the daily rental of an exotic or luxury rental is 1 percent of the car’s value, but that number can be adjusted heavily due to the demand, public perception, and assumed prestige of the vehicle. That means that while you’ll likely pay top dollar for a Ferrari or Lamborghini, you may be able to get a more affordable deal on a Porsche. While the Ferrari and Lamborghini names are highly in demand and command a certain degree of esteem, the Porsche brand doesn’t seem to bring with it the same sort of clout. If you want to save a little money, you should look for less popular vehicles that don’t have as much name recognition and fame. However, if you want that Ferrari or Lamborghini signature style, you’re going to be required to pay for it.
Mileage Is Money
Rental companies generally assume anywhere from 75 to 100 miles per day. Going over the allowed mileage will generally run anywhere from 40 cents per mile for most cars, to as much as 2 dollars a mile for the highest-end vehicles. Unlimited mileage is typically not offered, so be sure to make note of the mileage you think you’ll need and adjust your expectations accordingly.
Booking Is a Premium
If you want to rent a luxury car in Atlanta, and you want to lock down a specific car for a particular day or time period, you will be charged a premium for it. In order to guarantee that you’ll the vehicle in question, the rental company might have to turn down other customers, because it would conflict with your scheduled time with the car. That means you’ll be paying extra for the guarantee that your selected car will be available and reserved for you. Being flexible on what you’re willing to take can save you money, so be prepared to cover the extra expense if you want that exact vehicle on a certain day.
The Cost of Coverage
The credit check, background check, and driving check can be demanding, but when it comes to payment, security deposits can be as high as $10,000 or as low as one-day’s rental. Be sure to ask about the security deposit and check on your insurance. If you aren’t currently covered, you need to make sure that you are. If there is an accident, the rental company can go after you and your insurance company. Repairs for high-end vehicles can be outrageously high and a totaled car could cost hundreds of thousands if it’s a newer model. When renting an exotic of luxury car, you need to make sure that you’re covered.
When it comes to luxury car rental prices in Atlanta, you don’t have to simply guess. There are established practices and understandable reasons for how prices are adjusted. With a little bit of planning and flexibility on your part, you should be able to find a fairly affordable price on a great luxury rental.