So, recently, the demand for monthly car rentals has grown by 501% in Brazil, according to research. This is because this option has become cheaper than buying a vehicle, and with some advantages. Let's find out how monthly car rentals work, and if it's worthwhile.

Furthermore, by choosing to rent a car monthly, you will be free from having to pay for maintenance, documentation, and insurance, among other advantages.

Thus, nowadays, in addition to traditional rental companies, some automakers such as Volkswagen, Fiat, Renault, and even Volvo, with their hybrid SUVs, already offer this option.

Okay, before deciding whether to buy or rent a vehicle, you need to do some calculations to figure out what's the best option.

Therefore, first of all, you need to choose the vehicle model you want and the rental period you require.

Therefore, you should consider that, when buying a car, you will have all the expenses related to documentation and tax payments.

And also, knowing that you will be responsible for the costs of vehicle maintenance and insurance, for example.

Therefore, consider the total of all these expenses and divide it by the number of months you intend to rent a car. This way, you can compare whether it's more worthwhile to buy, or to rent monthly or even annually.

Also, you need to consider how often you'll use the car. It's not worth paying for a monthly rental and having the car sitting idle in the garage most of the time.

And finally, in addition to all these considerations, it's important to bear in mind that when you buy a car, you're not making an investment in the strict sense.

Because over time, the vehicle will depreciate, which will decrease the car's value at the time of sale.

Therefore, take all of this into account when deciding whether to buy or rent a car.

So, let's learn a little more about monthly car rentals and how they work.

First, let's understand the differences between traditional rentals and monthly rentals.

Therefore, in daily rentals, the price charged is determined by the number of days the car will be rented, and also by the mileage to be driven.

With monthly rentals, a fixed amount is charged each month, and the contract includes all expenses for maintenance, documentation, and insurance.

Additionally, when renting, you should check what other benefits the rental companies offer, such as progressive pricing tables depending on the monthly mileage.

Furthermore, will a security deposit be required, and what will the amount be?

Importantly, monthly rental agreements do not allow the lessee to use the vehicle for profit-making purposes.

For this purpose, there are other rental options.

You can also opt for an annual lease if you will be using the vehicle for that entire period. This way, you will be able to get progressive discounts on the monthly fee.

That's right, renting a car on a monthly basis offers several advantages compared to buying a vehicle.

So, when you buy it, you will have expenses related to all the documentation, which includes: registration, licensing, DPVAT (mandatory traffic accident insurance), and IPVA (vehicle property tax).

Furthermore, owning a vehicle includes additional maintenance costs, such as oil changes, tires, and regular servicing.

And also, it's always a good idea to ensure your safety and get car insurance.

Well, with a monthly car rental, you won't have these costs, as they are all included in the rental agreement.

Therefore, the only things you'll have to worry about are paying the monthly fee and refueling the vehicle.

The monthly payment also decreases if you anticipate using the car for a longer period.

Consider the following example: at the Movida rental company, the daily rental rate for an economy car is around R$130.00.

For monthly rentals, the price drops to R$ 56.00. That is, a saving of 56% on the amount you will spend.

So, if you plan to use the car for more than a year and opt for an annual contract, you may be able to get a discount on the monthly payment.

So, these are the advantages to consider when choosing between buying or renting a car.

Great, with this new trend you'll find many options for renting a car by the month.

Let's explore some of these options:

The traditional car rental company Localiza has a monthly rental plan called Localiza Meoo. Its benefits include the ability to choose the car model to be rented.

Furthermore, there is a progressive pricing table, depending on the mileage to be driven in the month.

Another traditional rental company, Movida, offers the Movida Monthly Rental Flex plan. Its advantage is the decreasing monthly cost for rentals of 24 months.

And you can also rent a brand new car. With the National plan, you can rent the car in one city and return or exchange it at any agency in Brazil.

We also have the Unidas rental company, with its Unidas Mensal Mais plan. It also offers the same advantages such as: a progressive pricing table and the possibility of returning or exchanging the vehicle at any of the company's branches.

Okay, we've only listed one of the three most traditional and well-known rental companies here. You can find many other rental options in this new trend.

Furthermore, the car manufacturers themselves offer rental options, already eyeing this promising market. They also offer various alternatives and advantages for renting a car on a monthly basis.

So, all you have to do is research and find the best solution for your needs, and make a good deal.

So, if you want more information about monthly car rentals, we suggest reading our article where we talk about Movida car rentals.

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