Luxury Car Rental Industry Takes Off
An exotic automobile is classed as as any automobile thats technical development in engine performance is considerably greater than modern day vehicles. Good examples of these types of cars are those cars designed by Rolls Royce, Lamborghini, Ferrari and Bugatti.
All these automobiles not only operate far better compared with more modest costing vehicles, in addition they cost a significant amount of money — amounts that primarily only the higher echelon of society are able to afford. Where your common vehicle might cost between 21,000 to 45,000 dollars, an exotic automobile generally costs from 145,000 to 900,000 dollars.
Seeing this difference in those who can pay for these types of cars and people who cannot, exotic automobile rental agencies offer to rent these types of autos at more affordable charges to whomever is willing to pay.
As with all automobile leasing companies, you will need to have a valid drivers license and have to meet a minimum age qualification. Exotic car rental companies are typically located in main urban centers internationally. For example, in the USA you will find an exotic car rental business in Los Angeles, New York, Chicago along with other large metropolitan areas.
In Europe you will effortlessly find this type of rental business in London, Madrid, Geneva along with other huge cities. The explanation for this is on account that there exists a much higher interest for such vehicles in these much bigger metropolitan areas. Here’s one example.
A large number of exotic car dealers will require one to possess limited liability insurance coverage of between 3500 and 7500 dollars. Many car loaners are going to offer you this type of insurance coverage if you aren’t already protected up to their particular set dollar amount. This kind of higher than average figure compares to routine car rentals that ordinarily just require 800 to 1500 dollars.
The rental cost itself for a popular exotic car for a single day may be in the low thousands, which could be 100 times as much as a typical car rental. For example a Ferrari in Los Angeles for a one day rental could cost around 1100 to 2800 dollars depending on make.
One significant likeness concerning the exotic car rental firms and the regular rental service is that weekly rates are considerably less costly than daily charges. Starting at 5500 dollars or so, plenty of exotic car rental agencies will present you with an exotic car for a whole week, which can help you save considerable dollars.
Additionally, there are other restrictions you would not often expect to find in other more standard car rental documents. For example there can be quite steep charges for exceeding the daily mileage limit, car towing is not permitted, you are not authorized to take the vehicle off-road, and you surely aren’t allowed to smoke or drink alcohol in the auto. Given the price of acquiring and keeping up these kinds of cars, enforcing these kinds of rules is a good idea.