Not only do we Brits love spending time with our loved ones during Christmas, we also love showing our gratitude with presents! In fact, statistics show that we are the nation who appreciates the importance of giving presents the most, as Britain spends the highest amount during Christmas, almost twice as much as France.
Last year, British people spent on average £499 on presents (1). These presents contributed to 59.2% of the total money spent throughout the Christmas period; more than food, drink, Christmas travel and decorations combined (2).
So, how many rental days would it take my car to cover all these presents?
The amount each of us spend over Christmas will clearly be different from person to person, but we will use the above average as a guide. The rental return on cars also varies wildly.
The daily rental price for your car is related to the car category. We’ve calculated on average how many days you’ll need to rent out your car for the average car in each of our 3 categories: Standard, Premium and Elite. A car’s category is determined by it’s insurance groups. The majority of cars are within the Standard category, while the Premium and Elite categories are made up of higher end cars.
Here are the average number of days for a car in each category to pay for the £499 Christmas present budget:
As shown on the chart above, on average, car owners in the Standard category will have to rent out their car an average of 10 days, or about a week and a half. Car owners with Premium cars only need to rent their cars for 6 days (less than a week), and car owners with Elite cars for 3 days or a bank holiday weekend!
Some examples of specific cars in each category are:
How can I rent my car in a secure way?
It’s very easy: list your car for free on RideLink to start earning money by renting it out when you’re not using it.
- Your car is fully insured by Allianz throughout the entire rental period.
- You can set the price for your car and when it is available.
- You decide on who rents your car.
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