The Rolls Royce Phantom is regarded as the pinnacle of luxury, the epitome of refinement and engineering, and a complement for all occasions thanks to its top-notch technology, elegant exterior and interior design, and expert craftsmanship. It is a luxury vehicle created especially for the affluent, famous, and elite. These individuals fall into the categories of members of the royal family, celebrities, leaders of businesses and industries, heads of state, and performers on stage and in the movies.
Due to its high cost to purchase, car rental companies have made the Rolls Royce Phantom experience accessible to people of all income levels. These rental companies have arrived at a competitive Rolls Royce Phantom rental price. However, a number of variables went into the rental price they have determined. This article will go into great detail about the factors that impact the rental price.
What Factors Affect the Rolls Royce Phantom Rental Price?
The Rolls Royce Phantom rental price depends on several variables. These factors decide the price charged by a car rental agency. All the details will be covered in this section. Explore now!
1. Period of use
The Rolls Royce Phantom rental price depends in part on how long it will be used. The cost of renting a Rolls Royce Phantom varies based on how long you need it. For instance, a week-long rental is more expensive than one for a day, and a month-long rental is more expensive than one for a week. Nevertheless, if you rent it for a week or a month, you might receive a discount on the daily price. Depending on the luxury vehicle rental agency you go with, this choice will be made in accordance with their pricing.
2. The time of year
Every single thing experiences the effects of the season. This also applies to businesses that rent out exotic vehicles. There are some times of the year when exotic car rentals are in great demand. Additionally, there are times of year when people are less likely to rent exotic vehicles like the Rolls Royce Phantom. The Rolls Royce Phantom rental price will undoubtedly be expensive during high demand seasons. Additionally, rental prices are affordable during times of minimal demand. The cost to rent is always more expensive around the holidays. This is due to various occasions when people want to rent exotic cars.
3. The location
The location of the car rental business is another element that affects the Rolls Royce Phantom rental price. A city-based car rental agency will naturally charge more than one based in a rural area. Due to city-related growth and demand, prices are higher. Because of this, you should be aware that a Rolls Royce Phantom rental price in a metropolis will cost more than renting one in a rural area. Cities also vary from one another. The level of development and the standard of living of the people in the city where a car rental business is located affect the cost of renting.
4. Booking in advance
Booking in advance has an impact on the Rolls Royce Phantom rental price as well. If you reserve a Rolls Royce Phantom early enough before the time of need, a reduction will be applied, bringing the price down from when you reserve only a day in advance. You should schedule yours early in order to make the most of your financial resources for this reason.
5. Distance to be covered
Some car rental agencies base their Rolls Royce Phantom rental price on the number of miles the vehicle will be driven. They estimate the cost depending on the distance the exotic car will journey. The Rolls Royce Phantom will collect extra fees for additional miles driven. Some vehicle rental agencies charge an additional fee for every hundred miles rentals are driven.
6. Event types
The Rolls Royce Phantom rental price depends on the type of event you plan to use it for. Weddings, vacations and personal trips, work trips, evenings out, airport transfers, proms, special occasions, and sporting events are just a few examples of events for which it is popular to rent. You should be aware that the Rolls Royce Phantom rental price for various events differs. For instance, the cost to rent for a prom is typically between $500 and $1,500 for the entire day whereas a wedding rental costs between $1,500 and $3,000.
7. The Rolls Royce Phantom’s age
The Rolls Royce Phantom rental price is also influenced by its age. A car rental company sets the price for a recently purchased Rolls Royce Phantom higher than for vehicles that have been in operation for some time. This is a result of the fact that newer models are less common than slightly worn models from a decade or two ago.
8. The Rolls Royce Phantom’s color
There are 17 distinct color options for the Rolls Royce Phantom model. The hues are belladonna purple, anthracite, dark emerald, graphite, English white, Iguazu blue, smokey quartz, Salamanca blue, black, grey, arctic white, scarlet, diamond black, imperial jade, silver, darkest tungsten, and Petra gold. Every color is in demand to a different degree. This explains why some colors of the Rolls Royce Phantom cost more to rent than others. White is the most expensive color.
9. Cost of insurance
Every car rental business is required to carry automobile insurance, which has a cost. The money these businesses spend on insurance affects how much it costs to rent. Low insurance costs have little impact on the expense of renting the car. However, a high insurance cost has a sizable impact on the rental expense.
10. Upkeep expenses
A Rolls Royce Phantom’s maintenance costs are included in the rental fee. The amount spent on maintenance is directly correlated to the rental price.
Concluding Thoughts on the Rolls Royce Phantom Rental Price
The elements emphasized in this piece have an impact on every rental price you see. The only distinction is that each has a different impact on the Rolls Royce Phantom rental price.