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Automobile private leasing, also known as personal leasing, is a long-term rental agreement that allows an individual to lease a new vehicle for a specified period, usually 2 to 5 years, in return for fixed monthly payments. .
The price paid each month covers not only the vehicle itself, but also maintenance costs, insurance and all applicable taxes. The mileage is defined in advance. However, there is no purchase option at the end of the contract.
of a leased car
It is necessary to take into consideration the various costs associated with owning a vehicle. In addition to the purchase price of the car, registration and road taxes, costs for insurance, maintenance, repairs, tires and possibly assistance services must also be taken into account. Additionally, it is essential to consider the potential resale value of the vehicle.
High initial total cost:
Buying cash requires a large upfront payment for the vehicle purchase, followed by the full purchase price. This can be a financial burden for many people, as the total cost is usually high.
Total ownership:
When you buy a vehicle with cash, you immediately become its owner. You have title and can do whatever you want with the vehicle, including customizing it, selling it, or keeping it for as long as you want.
Absence of fixed cost forecasts:
Costs associated with vehicle ownership, such as maintenance, repairs and insurance, can vary widely and are not predictable.
CONCLUSION :
If you have enough funds to purchase the car in cash, this option turns out to be the least expensive. However, it is crucial to pay attention to your financial liquidity.
Initial cost :
Although purchasing on credit generally requires an initial payment (down payment), this amount is generally less than that required for a cash purchase. You then borrow the rest of the amount of the vehicle and repay it gradually in the form of monthly payments.
Immediate ownership:
When you buy a vehicle on credit, you immediately become the owner of the vehicle. This means you have title and can do whatever you want with the vehicle, including customizing it, selling it, or keeping it for as long as you want.
Absence of fixed cost forecasts:
Costs associated with vehicle ownership, such as maintenance, repairs and insurance, can vary widely and are not predictable.
CONCLUSION :
Unlike private leasing, which only requires you to finance the use of the vehicle, a traditional purchase requires full financing of the purchase price!
Reduced initial cost:
A private lease generally requires a much lower initial payment than a cash purchase. Monthly payments are fixed and often include maintenance, insurance and taxes.
No ownership:
In a private lease contract, you do not become the owner of the vehicle. You rent it for a specific period. At the end of the contract, you return the vehicle to the leasing provider.
Foreseeable costs:
Private lease costs are more predictable because they are included in the monthly payments. This makes budgeting easier.
CONCLUSION :
If your savings are limited or non-existent, the private lease becomes the best option to consider. Indeed, in all cases, you will have to finance the purchase of your vehicle, which involves interest costs.
Monthly repayments are lower than a purchase on credit, because you only finance the use of the car
Schedule an appointment and let’s evaluate the best options for you and your team.
BE079 819 67 66
Founded in 2015, JJFIN is a Belgian company that has quickly made its mark in the car leasing sector. Specializing in car leasing for both businesses and individuals, we offer tailor-made solutions to meet your needs.
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