Everything You Need to Know About Security Deposits in Your Car Rental

Everything You Need to Know About Security Deposits in Your Car Rental

So you’ve decided to rent a car while having your vacation in Dubai. You went to a rent-a-car company, and after choosing the car you want, the front desk personnel told you to leave a security deposit for the car. You begin to wonder why a security deposit is needed. Isn't the rental fee enough?

To make it clear to you, here are the things you need to know about this car refundable deposits.

First and foremost, a car rental security deposit is a sort of bond when in case there’s an accident that caused damages to the car that you rent, they will deduct the costs from your deposits if the said damages are not recoverable from the insurance of the car.

If certain traffic fines or penalties appear late, the security deposit can be used by car rental companies to secure payment for those fines caused by renters. You can either deposit in cash or through your credit card.

Security deposit also gives mutual responsibilities between you and the car rental company, thus giving you a sense of responsible driving throughout your stay in Dubai.

Remember that the security deposit is legally required for the purposes mentioned above. But you also have to be wary of some unscrupulous car rental companies that would promise you to return your deposit in 30 days or so. Unfortunately, these fraud companies would never return your deposits especially when you’re already gone.

To avoid any hassle in getting your car security deposit back, you should be careful in choosing the legit and professional car rental companies. Check for the reviews and feedback from their previous car renters to have a better idea of their legitimacy.

Although most companies will make you wait for at least 30 days before the car rental security deposit can be returned to you, companies like Prestige Exotic Car Rental offers a 15-day period after you return the car, so you won’t have to worry about it and you can have peace of mind and enjoyment while staying in Dubai. Check every company profile and the reviews from satisfied customers all over the world!

There are still plenty of things to keep in mind if you are planning to rent a car in Dubai. Before fixing a deal, always see to it what are the things included in the company’s policy. You must also be certain if car insurance is included in the contract agreement or not. Always settle for an insured car to avoid extra charges later in case of misfortune or accident along the way.

Also, don’t forget to secure a copy of the rental agreement signed by both parties. Read thoroughly before signing any agreement, and don’t hesitate to ask if something seems confusing on the agreement. Better clear than sorry in the later part. Lastly, even though it is just a rental car, treat it as if it is your own and you won't run into any problems along the way. Happy driving in Dubai!