How Much Does It Cost To Rent a Luxury Car? Top Determining Factors

You can rent a luxury car for numerous occasions, from weddings to video shoots and promotional events. Whatever your reason for renting a luxury car, you certainly don’t want to go overboard with your budget or break the bank for it.

The first step to saving money on a luxury car rental is understanding the factors determining the cost. This blog discusses essential considerations to help you make a sound decision.

Make of the Car

Some luxury cars are more expensive than others, which means that renting them could be pricier. For example, you can expect to pay a higher rate for a Ferrari or Lamborghini than a Mercedes-Benz or Audi.

The reason is that the production cost of exotic cars like Ferrari and Lamborghini is significantly higher than that of other luxury cars. The vehicles have unique features that make them more desirable and expensive.

Furthermore, due to a supply shortage, rental car agencies charge a premium for these cars to maintain supply and demand.

Model of the Car

Besides the car make, the model is also crucial in determining the cost of your luxury car rental. Generally, a newer or more advanced model will be more expensive than an older one due to its modern features and high-end appeal.

For instance, if you’re looking to rent a Lamborghini Aventador, you can expect a significantly higher rate than the Lamborghini Huracan. The reason is that the Avendator has more features, which include:
– A V12 engine, while the Huracan has a V10 engine
– A higher acceleration rate
– Exotic engine sounds which qualify it as a supercar

Considering such features, the Aventador is a more attractive choice for luxury car rentals. And this translates to a higher cost.

Location of the Rental Agency

The cost differs from one agency to the next, mainly based on location. Therefore, to save money, you can first research rental car agencies in your area.

Most companies will provide an online quote or list their pricing on their website to make it easy for you to compare prices. Make sure to take the time to compare prices between different companies to find the best deal.

Some rental companies offer extra services such as insurance, while others provide complementary services like chauffeur and delivery. Inquire about such extra services before booking a luxury car rental.

Age of the Vehicle

The age of the vehicle determines the extent of wear and tear, which affects the overall cost of renting it. Depending on the agreement with the rental company, you may bear the costs of any car repairs and maintenance.

Therefore, ensure that the car is in good condition before renting it. Make sure to check for signs of wear and tear, and consider choosing the latest model in the market, as that reduces the chances of breakdowns.

Length of the Rental Period

Finally, the duration of the rental is directly proportional to the cost. Longer rentals are more expensive than shorter ones. But sometimes, the rate goes down for every additional day you rent the vehicle.

So ask the rental company if they offer any discount for extended or multi-day rentals. You may find that it’s much cheaper than booking daily.

Now that you understand what goes into the cost of renting a luxury car, you know which strategies to follow to save money. Compare prices from different rental companies and go for the one with the best deal. Also, inquire about extra services and any hidden costs that may apply to your rental.

Royal Exotic is your go-to resource when it comes to luxury car rentals. We have an extensive fleet of exotic cars available for you to choose from at the most competitive prices. Contact us for a consultation.