Just roam around the city. You will see almost double or maybe higher numbers of luxury cars that were there 10-15 years ago (just a random guess). However, if we talk about the exact statistics, the global market size for luxury cars is expected to have grown from 245 billion euros in 2010 to 503 billion euros in 2020 as per Statista. This clearly depicts the two things: first, luxury cars have become affordable, and second, people’s buying potential has increased a lot. But still, only a fraction of luxury cars you see on LA City roads are owned. Most people rent luxury cars in LA.
If you are also wondering what some common reasons why people rent cars from luxury car rental in LA are, here are our top four picks:
The major reason people rent luxury cars from car rental is the special occasions. Even here at MLux Life, we receive most booking orders from clients who need luxury for special occasions like weddings, birthday parties, reunions, anniversary celebrations. Most of the clients are the ones who do not own a luxury car. The major reason why they all prefer renting a luxury car over buying is that renting a luxury car is a financially sensible decision to fulfill your desire. The cost to rent a luxury car for a day is hardly 1% of the actual price of the car.
Another most common reason why people here in LA rent exotic cars is for business-related trips. Both local residents and visitors often hire exotic cars to attend business conferences or key business meetings with clients. Visitors arriving at LAX airport, rent luxury cars to drive to the business meeting’s location in a luxury car. Driving in a luxury car adds to the impression and sends a positive message to the client.
It is not all serious. Exotic car rentals have young customers too. Many young adults hire luxury cars for the weekend gateways. It is indeed a great way to spend your weekend in style. Luxury cars not just look good, but they also have advanced safety features and enhanced comfort that make your long drive and weekend getaway an amazing experience. Not just that, by renting a luxury car, you can save the mileage of your own car. There is no need to put your car through unnecessary wear and tear.
Yes, it is true. There are many wealthy clients, who own luxury cars, rent luxury cars. The purpose is clear for them; they just want to drive that particular model of the car. However, the reason for the test drive might vary. Some just want to drive the same car before buying, some just have a knack for driving in different types of luxury cars, and some just want to drive limited versions that are not available for sale.
So these are the common reasons why people rent luxury cars in LA.