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How does it work? |
Long-term rental is based on the principle that the user only pays for vehicle
depreciation value for the period of use. The depreciation value is the difference
between purchase value and monetary value at the end of the period of use.
Different models of vehicles can have totally different monetary worth and are
regarded in a positive or negative light by the second hand car market.
As a general rule, European vehicles and certain Japanese ones depreciate less
than American or Korean vehicles.
This monetary worth or residual value is factored into the rent.
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