All You Need to Know About Rental Car Security Deposit

It seems you've determined that you would like to rent a car while on vacation in Dubai. After you have chosen the car you wish to rent at the rental agency, the front desk staff will inform you that it is necessary to pay a security deposit. The need for a security deposit starts to puzzle you. The rental fee seems adequate, doesn't it?

In order to make the security deposit more transparent to you, some information has been outlined regarding refundable deposits in this blog.

To begin with, the security deposit for a rental car is a kind of bond, in the event there is an accident that damages the rental car. The charges will be withdrawn from security deposits to cover it, provided the damages are not covered by the car's insurance.

If the renter causes any traffic fines/penalties, which may appear afterwards, then the agency can utilise the security deposit to cover the fines/penalties. Either cash or a credit card can be used for deposits.

The sum of money also gives mutual responsibilities to the renter and the agency, offering the renter a sense of responsibility all around their time in Dubai. Be mindful that this amount is legally needed for the aforementioned reasons.

However, you must be cautious of few fraudulent car rental agencies that would claim that they will reimburse the amount within thirty days or so. Unluckily, such agencies won’t reimburse the amount particularly if you are already gone.

To steer clear of such inconveniences in returning a security deposit, you must be cautious about picking a professional and credible car rental agency. Make sure you read the reviews and comments from the past renters who have availed their rental cars to get a clear picture of their legitimacy.

It’s wiser to use a credit card to pay security deposits. Although the rental companies in Dubai accept cash and credit cards, it’s often wise to pay the amount with the latter one. If you use it, the amount gets automatically reimbursed after you drop off the car. But in case you choose to go with the cash payment, the agencies agree to bank transfer the amount to your bank account shortly after you give the vehicle back.

However, the scams related to such cash transfers have not been reported. Therefore, making a payment with a card is the best option.

Deposits are sometimes returned as soon as the car is returned. However, the deposit may also be returned a couple of days following returning of the car. Whatever the case may be, the exact date on when the money will be credited to your account will be determined by your bank.

The security deposit is typically a fixed sum or found out with a particular calculation method. The exact amount is determined by a number of factors, including the duration and type of rental, the renter's location, and the kind of vehicle rented.

Whether you are interested in a particular model, however, consider the amount to be excessive, then you could attempt to find a vehicle from another rental agency. Although the two cars may be nearly identical, the other company might ask for a lower deposit.

At the counter, agencies normally offer to lower the amount, provided you purchase additional cover/insurance from the agency. Be sure to go through the paperwork thoroughly and understand the price prior to deciding to purchase the additional cover.

Keep in mind the aforementioned info and you will be able to explore Dubai with immense peace of mind.

About 4 Auto Rent A Car

4 Auto Rent A Car is the best bet for all your car rental needs, comprising of short term and long term renting, having the best rental prices in UAE. In addition to top-notch car makers namely Mercedes Benz, Range Rover, and Porsche, the agency also offers economy models such as Nissan and Hyundai that vacationists and business executives are after. From SUV Rental Dubai to Sports Car Rental, we strive to offer flexibility and courteous service in our dealings. Thus, our aim for the future is to turn out to be a one-stop solution able to cater to every form of rental car necessity.