Frankly, you'd be mad to rent a car on Hong Kong Island or in Kowloon. Maniac drivers, traffic jams, and next-to-no parking make driving here severely stress-inducing, and gasoline costs up to twice what it does in the United States. So why bother, when public transportation is excellent and taxis inexpensive? If you must have your own wheels, consider hiring a driver. Most top-end hotels can arrange this; the Peninsula in Kowloon and the Island Shangri-La even have their own fleets of chauffeur-driven Rolls-Royces and Mercedes available for hourly hire by guests. Avis can also provide chauffeur services along with car rentals.
If you're determined to drive yourself, your driver's license is valid in Hong Kong for up to a year if you're 18 to 70 years old (those over 70 must pass a physical examination before driving). You'll need an International Driver's Permit (HK$80) for longer stays. Check the AAA and Hong Kong Transport Department websites for more info.
The cheapest option for car rentals is Hawk Rent-a-Car, which has lots of models and prices; there are special rates for weekends and longer-term rentals. Rental rates begin at HK$450 per day and HK$3,700 per week for an economy car with air-conditioning, automatic transmission, and unlimited mileage. Parklane Limousine has a fleet of more than 100 Mercedes-Benzes with hourly rates for chauffeur services.
Hawk Rent-a-Car (2516–9822. www.hawkrentacar.com.hk.)
There's next to no on-street parking in Central and Tsim Sha Tsui, and the extremely vigilant Hong Kong traffic police hand out copious parking tickets.
Most people use multistory or mall parking garages, which cost up to HK$22 per hour in prime locations. However, some malls will subsidize parking if you make purchases at their shops or eat in one of their restaurants. Be sure to have the receipt validated by the staff before leaving.
Driving is on the left-hand side of the road in Hong Kong. Wearing a seat belt is mandatory in the front and back of private cars, and the standard speed limit is 50 kph (30 mph) unless road signs state otherwise. The Hong Kong Police spend a lot of time setting up photographic speed traps and giving out juicy fines. Using handheld cell phones while driving is forbidden. You can't make a right turn on a red light, and you should scrupulously obey lane markings regarding turns. Drunk driving is taken very seriously: the legal limit is 50 mg of alcohol per 100 ml of blood (or 22 micrograms of alcohol per 100 ml of breath), and there are penalties of up to HK$25,000 and three years in prison for those who disobey. You can get highly detailed information on Hong Kong's road rules on the Transport Department's website.
Hong Kong Government Transport Department (2804–2600. www.td.gov.hk.)