Rent to Buy

Why settle for the car you can only afford to buy? Drive the car you want. When you rent don't become trapped with a car as part of a salary package - where the fleet manager makes all the decisions and not you (the driver) about your vehicle. Rent to Buy

Take Depreciation for example, this is the single biggest cost of car ownership though it's not an outlay but a capital loss (not an appreciating asset like a house) that is, a fall in the value of the car, expressed as a percentage of the cost price (including stamp duty, delivery costs, air conditioning etc). Rent to Buy

Depreciation is a hidden cost - it only affects you when you sell or trade in the car and realise how much it has fallen in value. Depreciation on cars is very high, especially in the first few years of ownership. Rent to Buy

Generally speaking, in the first three years a new car will depreciate 30 to 50 percent. It is a common truth that as soon as you drive a new car out of the yard it drops thousands of dollars in value. Rent to Buy

But it's these costs - particularly depreciation - which determine whether you are sitting behind the wheel of an economical runabout or "cashosaurus". Rent to Buy or even exceed the value

However, the older the car gets, the greater the risk of the car requiring a major repair such as an engine replacement, with not just the costs of maintenance but the inconvenience of having the car off the road. The risk with the 10 year old bomb is that the cost of a major repair will approach or even exceed or exceed the value of the car. This is far less likely to happen to a new or three year-old car. If it does, the old car is less likely to be under warranty.

Rent to Buy, exclusive to Northwest™ auto rentals since 1936 is our speciality. All information is confidential and private.