Understand the Current Exotic Car Rental Market
The craze of exotic cars is on the next level among youth, new generation entrepreneurs, and the higher-middle class group who often find it difficult to own a luxury car. Due to the higher price tag, the majority restrict themselves to regular cars. But, the exotic car rental market is bridging the gap between the dream of the masses to drive a luxury car and getting on the wheels.
In this post, we will dive deeply into the exotic car rental market and understand the current market trends like who rents exotic cars, what cars you can rent, and how car rentals are priced.
Who Rents Exotic Cars?
From our personal experiences and various other car rental companies' experiences, we have figured out that a vast range of the population is renting exotic cars in Los Angeles. Without any surprise, the most clients an exotic car rental company receives are the ones who do not own or afford to own a luxury car. However, many car rental companies have accepted that they also have wealthy clients who already own expensive cars.
Most young clients who do not own cars rent luxury cars for special occasions such as a wedding anniversary, corporate meeting, and weekend trip. Wealthy clients often rent luxury cars just to tool around expensive sports cars or want to drive a similar type of vehicle when traveling. Thus, exotic car rentals have a vast target audience.
What Exotic Cars Can You Rent?
This is the most exciting question for most people who are looking to rent exotic cars in Los Angeles. You can rent almost any luxury car you want. Just to give you some idea, a limited edition Bugatti Veyron was available for rent for $20,000 to $25,000 when it launched.
The range of cars you can rent from exotic car rentals is pretty wide. Common brands you can find at a good exotic car rental are Rolls Royce, Lamborghini, Mercedes, Ferrari, BMW, Tesla, Ford, and Audi.
Car models available for rent vary from rental to rental. Good car rental companies often have an updated fleet of premium cars. Just to give you some idea about exotic cars offered at MLux Life — we have Lamborghini Urus, Rolls Royce Wraith, Corvette Z06, Mercedes-Benz S-Coupe, Tesla Model X, Audi Q7, to name a few.
How Are Exotic Car Rentals Priced?
Every car rental has a different strategy to price rental cars. But there is one thumb rule that almost every exotic car rental takes into consideration for pricing is — the price of a car rental for a day is 1 percent of the value of the car. However, the price of a car may be less or high depending on demand, condition of the car, and public perception.
These are the few key insights to the current exotic car rental market.
If you are looking to rent exotic cars in Los Angeles, MLux Life is a reputed exotic car rental that has a premium fleet of luxury cars in pristine condition.