Hertz UAE is predicting 25% business growth over the next three years, with vehicle leasing continuing to outpace short-term car rentals.
Bob Farrow, General Manager of Hertz UAE, part of the Al Futtaim Group, made the forecast today while announcing the company’s latest long-term lease offering – a Toyota Yaris at Dhs1,342 per month – to companies and individuals for whom buying cars doesn’t add up.
“For a lot of people working here on fixed-term contracts leasing is far more attractive, and it’s the same for a good deal of employers offering company cars,” said Farrow.
“Apart from the immediate outlay in buying a car there are a lot of additional expenses, including insurance, service and maintenance, and annual registration, added to depreciation which has to be taken into account by someone weighing up buying against leasing.
Added Farrow: “Leasing accounts for around 85% of our business and this is where we will see far more growth in the future as opposed to short-term rentals. For the next three years we expect annual growth of 25%.”
The newest Hertz UAE leasing offer applies to the Toyota Yaris 1.3L (A) basic model which has received excellent reviews since being introduced to the Middle East Market recently.
Those who take out a four year lease pay discounted rates for a fully insured vehicle which has undergone a 40-point quality check-up and is covered by a round-the-clock back up and support service.
The Toyota Yaris long-term lease plan is available at any of Hertz UAE’s 13 car rental branches in Dubai, Abu Dhabi, Sharjah, Fujairah and Ras Al Khaimah. Customers can find out more by calling toll-free (800) 43789.
Hertz UAE has an ongoing plan to invest in expansion of its car rental network, and in recent months the company has opened a new branch in Musaffah, Abu Dhabi and doubled the size of its facility at Dubai International Airport Terminal One.
Hertz is the world’s number one car rental company and operates from approximately 7,400 locations in more than 150 countries. In the Middle East, Hertz is represented by franchise operations in Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, the UAE and Yemen and by general sales agents in Saudi and Bahrain.
