Hertz UAE is predicting 25% business growth over the next three years, with vehicle leasing continuing to outpace short-term car rentals. Bob Farrow, General Manager of Hertz UAE, part of the Al Futtaim Group, made the…
Hertz UAE is predicting 25% business growth over the next three years, with vehicle leasing continuing to outpace short-term car rentals. Bob Farrow, General Manager of Hertz UAE, part of the Al Futtaim Group, made the forecast while announcing the company`s latest long-term lease offering to companies and individuals for whom buying cars doesn`t add up.
For a lot of people working here on fixed-term contracts leasing is far more attractive, and it`s the same for a good deal of employers offering company cars, said Farrow.
Apart from the immediate outlay in buying a car there are a lot of additional expenses, including insurance, service and maintenance, and annual registration, added to depreciation which has to be taken into account by someone weighing up buying against leasing.
Added Farrow: Leasing accounts for around 85% of our business and this is where we will see far more growth in the future as opposed to short-term rentals. For the next three years we expect annual growth of 25%.
The newest Hertz UAE leasing offer applies to the Toyota Yaris which has received excellent reviews since being introduced to the Middle East Market recently.
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