Renting Vs Buying a Car in Uganda

Have you ever asked yourself whether it is cheaper to rent a car in Uganda for a vacation or just purchasing? For visitors who are planning to travel to Uganda for a holiday, there are two options that will make your vacation to be successful in Africa. You either hire a car or purchase it! Given the strenuous part of it to plan for a safari, in most cases you run out of ideas but in case you feel that it appreciates then just purchase a car and if it depreciates then simply lease it. Owning a car is entirely everyone’s dream but there is need for you to weigh the options to help you come up with the perfect decision. To some people, they consider purchasing assets which add value and rent or hire assets that fall with time. However, long term car rentals in Uganda have become more increasingly recognized and given their flexibility, affordability and reliability compared to purchasing. To explain this, we have provided some of the hints and we hope that they will of great help to you as you plan your vacation to Uganda.

Financing problems

You may have no credit history or rather you may have the least credit record in life. Meaning banks can as well overlook at you due to this however, it isn’t the end of the journey. You can still achieve your dream with a Car Hire Company. Whereas there are certain things that are considered prior the contract approval, long tern car hire then takes the lead option when it comes to vacations in most of African destinations in case you are declined by banks.

The ownership question

Purchasing a vehicle at once and paying for it installments for certain period of time aren’t the same things at all. The monthly payments denote that you will be owing money to the banks for that whole installment period and absolutely you do not own the vehicle till you have completed the payments. Never forget that in case you purchased a vehicle with a huge payment plan, you will require to either pay over your balloon payment in one big sum or in case you aren’t in position to make a single payment, refinance it with the bank and pay it off in the following period till you become the real owner of the vehicle. This however increases your expenses as you are clearing the interest for a longer time.

Its worthiness

Before making the final decision, first ask yourself what your vehicle will actually be worth after you have finalized with the last bit of installment. You need to be aware that the value of your car will keep dropping immediately you set off to the road. This is something unavoidable as it is motoring sector’s standard that a car’s value reduces by between 18 and 22 percent as soon as it leaves the dealership. Some models have less than 40 percent of the original cost at the end of the year contract period. With this, you realize that car rentals can be the best to deal with.

Costs

Car ownership also denotes up keep and maintenance. Once you figure out in the cost of insurance, tyres, services and even a tracker unit you start to see what the vehicle will actually cost you on a monthly basis. It is only till you start to compile all these extra costs that you will realize the difference between the monthly installment cost and the actual charges of ownership. With the long term rental model the company bargains with insurance and tracking service providers on your behalf to give you the best deal. Car services are managed via partnerships with their dealer network and are therefore delivered at a more competitive and inclusive cost. With car hire, there is free regular car maintenance which is included in the car hire package and for any damage that requires replacement, it can be done free of cost.

One point of contact

The whole car hire process is puzzle free as you have one point of contact which will arrange everything for you. The application and financial approval are conducted via one source and reservation of services and the management of your insurance claims. There is no need for you to deal with different people; you can have one contact for all your vehicle requirements.

In conclusion, depending on what your travel interests are, in the long run both car hire and purchasing have both pros and cons that are worth weighing before making the final decision on which one to take.