Posted: Mon Jun 29, 2020 1:42pm
I guess it depends if you're a 'head' or 'heart' decision maker?
The 'heart' says - I like to own my car, I know it, I look after it and I enjoy driving it, I chose it for it's practicality / style / performance / colour.
The 'head' says - what's the best convenience / cost way to have access to a car when I'm at my holiday home?
Renting - A lot depends on what you want from the car. Most competitively priced rentals are for small hatchbacks, which may or may not suit. You can usually rent for less than £5 per day in the low seasons (I've paid as little as £2 per day between November & February for a small hatchback), but maybe £15 a day in the high seasons, so £150 - £450 per month, which is a big variation. You can usually rent for a maximum of 28 days at a time, at which point the car rental company want to check the car or exchange it for another, which is really only a minor inconvenience. These costs, obviously, include your insurance, road tax, maintenance, etc. - all you need to add is fuel.
Owning - If you buy a car, you will probably want to leave it with one of the airport parking companies (e.g. planeparking.com), who will store your car for as little as £50 per month if you have a long-term contract with them and collect / drop it at the airport for you when you leave & arrive. So, if for example, you spend 6 months here, then you'll spend £300. However, your car may be sitting idle for months on end, possibly in the baking sun, which won't be good for it. You then also have the usual costs of owning a car - insurance (say, £300pa), road tax (£100pa), annual service (£300), maintenance, tyres, depreciation, etc. etc.
Ownership (excluding depreciation) - £1,200pa
Car Hire - (4 months low season, 2 months high season) - £1,500pa
The other thing to consider is that the used car market is a lot smaller than in the UK, so there is less choice and prices are higher than in the UK. This is mainly due to 2 reasons - firstly, company cars are uncommon in Spain, so there are few ex-fleet cars filtering into the used car market; and secondly, families tend to pass cars on to family members and run a car into the ground.
In my personal opinion, I would rent unless I lived here full-time - but that's just my opinion...
Hope this helps!