Mark founded MoneyMaxim in 2008, with the aim of delivering an impartial and independent service. Mark is a regular money saving expert in the press and writes regular news and articles for the MoneyMaxim news pages sharing his views on banking, personal insurance and the utilities (gas, electricity, mobile and home phones, broadband and pay TV) market with customers.
A growing number of Brits are hiring luxury vehicles to create the appearance of being wealthy, despite the UK entering a second recession.
Within the current economic climate, a number of people are cutting back on luxury goods and whilst many can't afford the riches of the world, they can certainly try and look the part.
According to new research, 35% of people admit to hiring a flash car to ‘keep up with the Joneses'. A further 18% of people said they rented a luxury car to stand out from the crowd and 14% confessed that their reason for hiring a high-class car was to be taken more seriously.
Some of the most popular reasons for hiring a luxury car is when attending a wedding, going on a date, travelling to a job interview or meeting the in-laws.
However, luxury car hire doesn't necessarily have to come with a luxury price tag, and can actually be an affordable experience. MoneyMaxim offers a comprehensive car hire service, which allows users to compare rental cars in addition to comparing car hire excess insurance.
If motorists were to damage or have an accident in a luxury rental car, the excess could bring them close to bankruptcy in some cases. It could be well worth taking out car hire excess insurance.
From sleek Audis to popular Porsches, there is a huge range of choice available to consumers when it comes to luxury vehicles to hire.
The rescission may have taken its toll on personal finance, but it appears that there is still room for luxury car hire.
Luxury car hire is not just confined to the UK though, as those looking to go overseas may also wish to hire a luxury car.