Long-term rental is constantly evolving and is an increasingly popular option for those looking for an alternative to buying a car. Over the years, this type of service has undergone several evolutions, thanks to the growing demand and the new technologies available.

In 2023, industry news promises to make this service even more convenient and efficient for consumers. This article was written in collaboration with Giovanni Spera , CEO of Finrent and long-time expert in long-term rental.

Long-term rental: all the evolutions of 2023 to follow

Long-term rental is a solution taken into consideration by both individuals and businesses . In both cases, there are considerable advantages both in economic and "personal/business" terms. But as we mentioned earlier, NLT contracts are constantly evolving .

Leasing a car or any other means for a longer period can bring with it considerable considerations to make. Among them, there are certainly all the novelties of 2023 (and of the years to follow), which could convince us more to choose this solution.

Used vehicles

The long-term rental of " used vehicles " is one of the most innovative solutions that leasing companies present today. These are options presented " as new ", precisely because the cars made available to the lessee have a very short life cycle , between 18 and a maximum of 30 months .

Nonetheless, these v Readings already used , are checked periodically, with specific checks, so that they can be evaluated as "in excellent condition". Another advantage and element, which could verify their integrity, is the fact of having traveled a few kilometers .

Means increasingly green

In a historical period where the trend seems to be related to the environmental impact , being able to give the possibility to rent electric and hybrid vehicles turns out to be an intelligent choice . Against an initial investment by the lessor company, the economic return would be almost guaranteed.

More and more Italian motorists are thinking of adopting ecological solutions and therefore suitable and aimed at reducing the environmental impact.

Nonetheless, even large cities such as Milan, Rome and Turin have already thought of imposing bans on the circulation of the most polluting vehicles . This will inevitably lead, also thanks to tax incentives, to the choice of buying or renting cars and hybrid and/or electric vehicles.

Vehicles ready for delivery

A novelty of 2023 , but actually an improvement that has just been made, is the increase in cars ready for delivery .

These are new vehicles purchased by car rental companies (thanks to their commercial and economic power), whose private request could be accepted immediately, but with delivery after 5 or 6 months .

FREE12

This is a real novelty offered by Finrent, the long-term car rental company. FREE12 is the perfect solution for those motorists (private individuals or companies), who wish to have a completely flexible option.

In this way, the rent passes to a maximum of 12 months , where the lessee can evaluate the convenience of the car or vehicle leased, and understand - without constraints - whether to extend the contract or terminate it at its natural expiry.

You pay if you use

One of the most promising news of this 2023, also offered by Finrent, is the " pay as you use " solution. Since there are motorists who have different needs, and among these there are those who use the car a few times a year, there is a way to release the motorist from the obligation to purchase.

For those who need a car, but whose use is sporadic or in any case not daily, it would be perfect to choose the "pay as you use" option, which, as you can guess, allows you to drive the rented vehicle by paying only for the kilometers paths .

There are different conditions from company to company. For example, Finrent, in addition to always including all the services in the monthly fee, gives you the opportunity to drive for free up to the first 1000 km . The solution is convenient - also according to the company - for those who travel a maximum of 10,000 km per year .

The "pay as you use" scheme does not include cash advances , let alone large installments . So the motto becomes "small installments but an excellent degree of satisfaction".

More vehicles for novice drivers

As established by the Law, a novice driver cannot drive cars that have a weight/power ratio of more than 55 kW per ton . Furthermore, the vehicle must not be more powerful than 70 KW (which is equivalent to 95 horsepower ), or at least for cars up to 3,500 KG .

With long-term rental, it is possible to rent vehicles suitable for new drivers . This affects a further saving (to be taken into consideration), or rather on the insurance policy , which thanks to the NLT fee is already included in the installment, becoming less expensive for those who have obtained their driving license for less than three years.

Opportunities for workshops

Among the solutions cataloged as a new entry for 2023 , we cannot omit the possibility of hiring a long-term rental for your own workshop. The advantage is that of having a new car, in excellent condition, ready to be sent to customers looking for a " replacement car ".

One more pretext not only to retain your customers, but also to satisfy them and ease your nerves in a moment of desperation. But that's not all, because the workshop itself could be an excellent pretext for selling the long-term rental service to your customer.

Assuming that the vehicle brought in for repair is in poor condition , that the repair involves a long period of time, or even that the damage is irreparable, long-term rental still remains an immediate alternative that could satisfy the customers of the garage.

Those who have a regular license could request and prepare ad hoc solutions in advance to expand their service package.

Low cost rental and without advance

In 2023 it is possible to take advantage of the economic long-term rental without advance payment. The low cost solutions (as you can well guess), offer the most convenient vehicles in terms of money. This doesn't mean settling for or renting a badly maintained vehicle, but on the contrary, taking advantage of vehicles in excellent condition, while paying small monthly installments .

While the option without advance , avoids the advance payment of an amount that could affect personal assets. This solution should be evaluated very well, because if you don't have enough liquidity to give as a down payment (which will actually be lost), then it's better to avoid.

If, on the other hand, you have a lot of liquidity and want to immobilize part of your capital , then it would be better to opt for long-term rental in advance . In this way – with an amount to give at will and according to one's availability – the monthly fee is reduced .

The installment of the NLT fee is defined as " all inclusive ", because it really includes everything: from maintenance (ordinary and extraordinary), to insurance coverage, from roadside assistance to the payment of road and registration charges.

These are all the 2023 news of long-term rental. But given the success, we expect to see more insights and improvements.

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