Long term rentals are simply when you take a rental agreement out on a vehicle for a longer period of time then the typical short term daily or weekly rentals that are more popular with individuals hiring a car.
There are a few benefits to long term rentals that can make it particularly appealing to businesses. Unlike with other fixed term finance agreements, such as contract hire or contract purchase, there is no set contract length. However, you may secure a better rental rate if you commit to an agreed term.
You will also be able to arrange a short-term rental with little notice, with some available as quickly as a couple of hours.