Is Renting a Car Cheaper Than Buying One?

If you want the convenience of a personal vehicle but don't want to buy a car, or hire a taxi every time you need to get around, then renting a car can make sense. This is particularly true if you're travelling to a new city and just need a car for a couple of days. This month, Carzonrent, one of the popular car rental companies, added the Tata Nano Twist as its most affordable rental option - you can rent it now for Rs. 99 per hour, Rs. 399 per day, and Rs. 6,999 for a month.

Bangalore-based Zoomcar is a newer entrant in this field, and its cars are available in Bangalore and Pune as of now. You can only book Zoomcar vehicles online. By getting the whole process online, renting a car becomes easier than ever, although Carzonrent's bookings are still finalised offline. With affordable prices and the booking process becoming easy, does it make sense to buy a car anymore? Or do rental services have hidden charges that make renting costlier than buying a car outright? We look at the fine print to find out.

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