Car rental has become increasingly popular over the years as it provides a convenient way for travelers to reach their destination. Whether for a business trip or leisure travel, renting a car frees you from depending on public transportation which may not always be reliable or convenient.

Growing Car Rental Industry
The car rental industry has witnessed steady growth globally over the past decade owing to factors like rising tourism and business travels. According to recent industry reports, the global car rental market size was valued at over $90 billion in 2019 and is projected to further grow at a CAGR of 5% during 2020-2027. The increasing demand has also led rental companies to expand their fleet sizes and introduce newer models to attract customers. Today, one can choose from a variety of car categories from economy to luxury depending on their budget and travel needs.

Key Advantages of Renting a Car
Some of the major advantages of renting a car include:

- Flexibility and independence: Renting a car gives you complete independence and flexibility to drive according to your schedule without depending on public transportation timings. You can reach your destination directly without any connecting rides.

- Access to remote areas: Renting a car enables you to access remote areas or places not well connected by public transport. This opens up more sightseeing opportunities.

- Cost savings for group travel: Renting a car works out cheaper for groups rather than taking cabs or relying on costlier air travel within cities. The per person rental cost decreases with increase in the number of travelers.

- Safety and security: Driving your own rented vehicle especially for female travelers increases their sense of safety and security compared to relying on public transportation late at night.

- Ideal for business meetings: Renting a car suits business travelers who need to commute frequently between meetings, clients, and airport. It saves time and hassles of interactions with multiple cab drivers.

Things to Consider Before Finalizing a Rental Deal
While Car Rentals provides several advantages, there are certain key factors one must evaluate carefully before signing the rental agreement:

Rental Company Reputation
It is important to rent from a reputed company with good customer reviews to avoid hidden charges or issues with vehicle breakdown coverage. Reputed brands adhere to quality standards and have efficient customer support.

Rental Policies and Insurance Coverage
Thoroughly check the rental policies regarding minimum rental period, late fees, restrictions on car usage (e.g. outside city limits). Ensure the rental includes collision damage waiver to avoid paying huge deductibles in case of an accident. Some companies charge extra for additional drivers too.

Fuel and Mileage Policies
Clarify policies related to fuel (e.g. to return with full tank or pay refueling charges), daily mileage limits, and per km charges exceeding the limit to avoid surprises later. Fuel efficient cars help save costs.

Taxes and Additional Fees
Enquire in detail regarding all possible taxes like tourism tax, vehicle tax that will be added to the final rental cost. Some destinations also have toll or congestion fees that are visitor's responsibility.

Insurance for Belongings
While the rental vehicle is covered, passengers’ own belongings and liability are not. It is prudent to take extra coverage if offered to protect against risks of theft or damage to belongings during rental period.

Fine Print of the Rental Agreement
Thoroughly read all terms and conditions including exceptions to warranty, procedures for accidents/damages reporting before signing the agreement to avoid any misunderstanding later during the rental.

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