According to the report published by Globe newswire, the global car rental market was estimated at USD 60 Billion in 2019 and is expected to reach USD 111.6 Billion by 2027. It is expected to grow at a CAGR of 7% from 2019 to 2026. The reports also listed the names of the top players in the luxury car rental market.
Why we are mentioning all this is because renting a car makes sense. The report also states easy booking, availability of cars for rental purposes, hassle-free money transfer, live tracking, high safety, and the rising use of smartphones and the internet help escalate the demand for the car rental market.
Luxury car rental has also turned into a popular activity across the United States, not just regular car rental. The availability of luxury cars at affordable prices is a major contributor along with the above-mentioned reasons that drive the growth of the luxury car rental market.
Here are the four key reasons why renting a luxury car makes sense:
Affordability is the main reason behind the rise of luxury car rentals. As a rule of thumb, a luxury car is priced at 1% of the actual cost of the car to rent for a day. This is ideal for those who want to rent a luxury for a special occasion or do not need to frequently travel in luxury cars. You can rent any luxury car in top condition from a good car rental company and serve the intended purpose. There is no need to spend millions on buying a luxury car.
Renting a luxury car is highly convenient in many ways. For example, if you are planning a one-way trip, you can rent a luxury car and go to your destination without worrying about dropping it back or finding a safe parking space in the new city for your car. Similarly, when you own a car, you need to take care of it and provide the proper maintenance from time to time. Renting a luxury car in LA eliminates all this.
Freedom of Choice
Luxury car rentals have an extensive fleet of luxury cars of top luxury brands. You have the freedom to choose any car you want. Not just that, good luxury car rentals in LA provide you with luxury cars to rent in top condition. Thus, you get to drive a luxury car in pristine condition by renting it for a fraction of the cost.
Protect Your Car from wear and tear
Renting a luxury car helps you prevent your car from wear and tear and save on mileage and maintenance. Many people rent luxury cars for long weekend road trips. Thus, there is no need to put your car under stress.
If you are planning to rent a luxury car in LA, at MLuxLife, we offer the top luxury cars for rent of top brands, including Audi, Rolls Royce, Mercedes, Tesla, and Hellcat.