장기렌트카 조건 Saving money with a long-term rental car: advantages and disadvantages, insurance conditions and what to do in case of an accident

장기렌트카 조건-You do not have to pay vehicle purchase costs, acquisition tax, or public bond purchase costs.
-Because the company’s commercial vehicles are insured, there is no need to pay separate insurance premiums, and there is no premium surcharge in the event of an accident.
-It is not counted as an asset, so it does not affect your credit rating when taking out a loan.
-Easy to process expenses, and VAT refund is possible.

-Select the vehicle you want, contract period, mileage, etc.
-Write a contract with the rental company and submit the necessary documents and deposit.
– Receive the contracted vehicle and pay the monthly fee.
-When the contract ends, you can return or take over the vehicle.

-The license plate begins with ‘Ha, Huh, Ho’, so peripheral vision may be a bit burdensome.
-Because your insurance experience is not recognized, your insurance premiums may be higher when you purchase your own vehicle later.
-If you drive more than the contracted mileage, you may be charged a fee.
-The price may be lower when you pick up the vehicle, or damage costs may apply when you return it.

-Identification card (resident registration card, driver’s license, or passport)
-ID card
-Seal impression certificate
-Seal stamp
-Copy of automatic transfer bankbook

-Certificate of Employment
-Withholding tax receipt or proof of income amount
-Property tax payment certificate

If it is difficult to prove your income, you may need guarantor documents. In the case of self-employed individuals, additional documents such as a copy of business registration certificate, value-added tax certificate, and income amount certificate are required. For corporate businesses, additional documents such as business registration, certified copy of corporate register, corporate seal registration certificate, corporate seal, corporate bankbook, and financial statements are required.

Required documents may vary depending on the rental company, so please consult with the company for more accurate information.

Long-term rental insurance conditions may vary from company to company, so please check with us for accurate information.

-Advertisement: Infinite
-Object: 100 million won or 200 million won
-Descendants: 100 million won
-Uninsured accident: 200 million won
-Emergency dispatch service
-Customer contribution for automobile damage exemption: KRW 100,000 – KRW 500,000

Insurance terms may also vary depending on the driver’s age or vehicle model. If you sign up for insurance under the terms and conditions of being over 26 years old, you can receive a discount on your monthly rent.

Long-term rental insurance premiums vary depending on vehicle type, options, color, insurance conditions, etc. Typically, insurance is included in the monthly rent, so there are no additional costs.

Insurance premiums are set differently for each company, but a rough example is as follows.
-Spark 1.0 LT: 280,000 won per month
-Avante 1.6 GL: 350,000 won per month
-K5 2.0 EX: 450,000 won per month
-Tucson 2.0 Diesel Premium: 550,000 won per month
-Grandeur IG Hybrid Premium: 650,000 won per month

Each insurance premium can be treated as an expense to enjoy tax savings for individual or corporate businesses.

Insurance terms can change depending on the individual driver’s age or vehicle type. Any changes to your insurance terms will be reflected in your monthly rent. For example, if you increase the property insurance from 100 million won to 200 million won or lower the customer deductible for self-vehicle damage exemption from 300,000 won to 100,000 won, the monthly rent will increase, and conversely, the property insurance will increase from 200 million won to 100 million won. If you lower or increase the customer liability for automobile damage exemption from 100,000 won to 300,000 won, the monthly rent will drop.

And changes to insurance conditions are possible at any time during the contract period. If you change your insurance terms, your monthly rent may increase or decrease starting from the next month. If you would like to change the insurance conditions, please contact the long-term rental company you signed a contract with.

-In case of damage to the other party’s vehicle or person: It will be processed as insurance money according to the insurance conditions. The compensation is infinite for the person in charge, 100 million won for the object, and 100 million won for the descendant.

-In case of damage to your vehicle or body: If you pay the customer deductible for self-vehicle damage exemption, the long-term rental company will be responsible for the remaining costs. The customer’s deductible for self-vehicle damage waiver can be set between 100,000 won and 500,000 won, and the monthly rental fee varies accordingly.

-In the event of an accident, you must contact the long-term rental company’s call center and move the vehicle to a designated repair center. Otherwise, you will not be able to receive compensation for your expenses.

Long-term rental has advantages such as initial cost savings, tax savings, and insurance and maintenance services, but it does not require insurance experience and may incur costs for picking up or returning the vehicle. Therefore, individual or corporate business owners must choose a reasonable method between long-term rental and purchase according to their circumstances.

TEL. 02.1234.5678 / Pangyoyeok-ro, Bundang-gu, Seongnam-si, Gyeonggi-do
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