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In Indonesia, automobiles remain the preferred mode of transportation. For urban residents, cars have evolved into a lifestyle statement, making car ownership seem almost mandatory.
However, the decision to purchase a vehicle warrants careful consideration, as many overlook the recurring expenses associated with car ownership.
Those aware of a vehicle’s depreciating value often opt for rentals. But does this alternative truly offer better financial benefits?
To make smarter choices, check out this comprehensive comparison between private car ownership and car rental services.
The main advantage of owning a private car is the flexibility of use. Owners can utilize their vehicles for daily commutes without concern for rental periods. Additionally, car ownership confers a sense of prestige.
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Perhaps the most gratifying aspect of private ownership is the ability to customize the vehicle. From upgrading wheels to enhancing the audio system or altering the paint color, these modifications can provide significant emotional satisfaction.
However, car ownership comes with notable drawbacks. One of the most noticeable aspects of car ownership is the routine costs involved. When buying a car with cash, you need to be prepared to spend hundreds of millions to billions of rupiah.
Miscalculating these expenses can significantly impact your financial stability. On the other hand, if you opt for a car loan, you will have to contend with substantial interest rates.
Regardless of whether you buy in cash or on credit, the car’s value will depreciate over time, representing one of the biggest financial drawbacks of car ownership.
Additionally, as an owner, you must be ready to cover ongoing expenses, including periodic services, as well as annual and quinquennial taxes.
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There’s insurance expense, too, if you apply for one. If neglected, problems can escalate and require more costs. Another disadvantage is that the car will age over time, which certainly affects its performance.
Car rentals can be an alternative to using a vehicle without having to expend a lot of energy and costs. Some people rent only for specific needs, such as traveling or handling office assignments. But there are also those who rent long-term, such as monthly or yearly.
With car rentals, you don’t need to spend a large amount of money to buy a car. You also avoid the risk of credit interest that must be paid each month. This way, cash flow will be much more stable.
In other words, you will have more freedom when renting a carbecause all of that becomes the responsibility of the rental provider. You just “use” it.
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Moreover, rental cars are usually available in various brands and latest types. You can switch car types according to your needs without having to own multiple cars.
With numerous benefits to gain, renting a car for daily activities offers greater efficiency. Opt for a reputable and professional rental provider, like TRAC.
As a pioneer in vehicle rentals, TRAC consistently offers reliable transportation solutions for both corporate and personal needs, providing flexible options such as daily self-drive or chauffeur-driven car rental services.
The available car choices are diverse, well-maintained, and certainly ready to use. There are SUV options suitable for daily use, such as Fortuner, Rush, Terios, or BMW X5. For more details, check here.
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For a seamless transaction experience, you can make reservations directly on the TRAC website. Alternatively, you can use the TRACtoGo application, available for download on both the Play Store and the App Store.