Finance
Published by Gbaf News
Posted on July 26, 2016
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Demand for car rental will surge this summer as more Britons react to current exchange rate woes by taking last-minute staycations in the UK, according to the leading industry body for vehicle rental and leasing.
The British Vehicle Rental and Leasing Association (BVRLA) made the prediction as it published new figures showing just how important a role car rental plays in the travel plans of millions of Britons. Its research shows that:
- There were 10.9m car rental transactions by UK residents in 2015
- 18 per cent of UK adults have rented a car in the UK, and 13 per cent have rented overseas
- 63 per cent said flexibility and convenience were the main reasons for renting
Gerry Keaney, Chief Executive of the BVRLA, said: “We predict a surge in demand for rentals as people take mini-breaks in the UK due to the weak pound. In a further boost, the current exchange rate will also attract overseas visitors which can be expected to increased rental demand.
“We urge holidaymakers to look out for the BVRLA logo when renting a car in the UK. Consumers who hire from a BVRLA member will have the peace of mind that the rental company offers high quality vehicles, adheres to a rigorous code of conduct and offers a dispute resolution service for further protection.”
The BVRLA has issued the following tips for holidaymakers renting a car:
- Only use a BVRLA member as you are guaranteed a quality assured company that operates to a professional code of conduct.
- Do your homework. If you’re relying on a price comparison site when getting quotes, pay close attention to what isn’t included in the price.
- Read the terms and conditions of your contract with the rental company.
- Understand the insurance excess and waivers. Check if there are any exclusions to your loss/damage waiver or your insurance.
- Find a fuelling option that suits you. Remember what you agreed to in order to avoid gifting the rental company a free tank of fuel or paying an extra charge to have the tank re-filled.
- Tell the rental firm how you plan to use the vehicle – such as taking it abroad.
- Arrive prepared. Remember to turn up at the rental desk with the credit card you used to make your booking and your driving licence.
- Know what you’ve booked. Ensure you have thought about whether you are prepared to pay for any extra cover or an upgrade.
- Check the vehicle over before you drive away. Don’t sign any paperwork until you have read it through and are happy with it.
- When returning your vehicle, allow plenty of time to check over the vehicle’s condition with a rental agent present.
Demand for car rental will surge this summer as more Britons react to current exchange rate woes by taking last-minute staycations in the UK, according to the leading industry body for vehicle rental and leasing.
The British Vehicle Rental and Leasing Association (BVRLA) made the prediction as it published new figures showing just how important a role car rental plays in the travel plans of millions of Britons. Its research shows that:
- There were 10.9m car rental transactions by UK residents in 2015
- 18 per cent of UK adults have rented a car in the UK, and 13 per cent have rented overseas
- 63 per cent said flexibility and convenience were the main reasons for renting
Gerry Keaney, Chief Executive of the BVRLA, said: “We predict a surge in demand for rentals as people take mini-breaks in the UK due to the weak pound. In a further boost, the current exchange rate will also attract overseas visitors which can be expected to increased rental demand.
“We urge holidaymakers to look out for the BVRLA logo when renting a car in the UK. Consumers who hire from a BVRLA member will have the peace of mind that the rental company offers high quality vehicles, adheres to a rigorous code of conduct and offers a dispute resolution service for further protection.”
The BVRLA has issued the following tips for holidaymakers renting a car:
- Only use a BVRLA member as you are guaranteed a quality assured company that operates to a professional code of conduct.
- Do your homework. If you’re relying on a price comparison site when getting quotes, pay close attention to what isn’t included in the price.
- Read the terms and conditions of your contract with the rental company.
- Understand the insurance excess and waivers. Check if there are any exclusions to your loss/damage waiver or your insurance.
- Find a fuelling option that suits you. Remember what you agreed to in order to avoid gifting the rental company a free tank of fuel or paying an extra charge to have the tank re-filled.
- Tell the rental firm how you plan to use the vehicle – such as taking it abroad.
- Arrive prepared. Remember to turn up at the rental desk with the credit card you used to make your booking and your driving licence.
- Know what you’ve booked. Ensure you have thought about whether you are prepared to pay for any extra cover or an upgrade.
- Check the vehicle over before you drive away. Don’t sign any paperwork until you have read it through and are happy with it.
- When returning your vehicle, allow plenty of time to check over the vehicle’s condition with a rental agent present.