1. No Depreciation Losses
A big advantage of using a rental car compared to owning one’s own car is there are no depreciation losses when renting a car. Not only does the consumer enjoy full use of just about any type of make or model of vehicle that the rental agency offers, but the driver does not need to worry about hurting the value of the vehicle when driving the car. Once the rental contract is complete, the financial responsibility of the person renting the vehicle is over (assuming that there have been no accidents where the driver is at fault). In many cases, a new car will lose more than 30 percent of its overall value once the consumer drives the vehicle off of the lot.