Car leasing: What is it actually?
- The term "lease" means as much as "renting" or "leasing". The most common and easiest to understand Form of leasing, the car leasing.
- The conclusion of a Leasing contract can be good with a lease compare. The car dealer provides the vehicle for a certain period of time available. For this you pay a monthly fee, the rent for the car.
Simply stated: How car leasing works
- The term of a Leasing contract is usually between 2 and 5 years. The car belongs legally to the dealer, for a fee (rent) you will receive a temporary right of use. Repairs, maintenance and insurance you must pay for yourself.
- In order for the lease to the dealer is worth it financially, there are some limitations. The maximum mileage, so the mileage will be determined in advance. The value is exceeded, you will be asked to pay up. Fully comprehensive insurance, as well as binding to the contract workshops is also often part of Leasing contracts.
- The Leasing contract runs out after a few years, you can complete a new contract for a new car. The sale of the car must the dealer take care of. Alternatively, you can purchase the car at the port itself.
New car: lease or buy?
Advantages and disadvantages of leasing a car Overview
- Leasing has several advantages. They are by other high spending short on cash or you're self-employed, buying a car is often not advisable. By Leasing the monthly costs in the amount of some Hundred Euro, the same plan.
- The self-employed can deduct the monthly Installments even of the tax. As you get through the lease, always a new car, the cost for repairs in a very manageable framework. New cars are less susceptible to expensive damage, and on the other a lot of damage in the first few years are covered by the warranty.
- Through a Leasing agreement, you are not allowed to use the car only, it belongs to you. Even small scratches need to let the contract immediately for repair. For a lot of drivers Leasing contracts can also be quite expensive. Here may be worth the purchase and the subsequent sale of a new car rather.
Electric car lease
All about electric cars, visit our E-Mobility Portal EFahrer.com. There you can also arrange trial trips, to lease an electric car or to buy.
In the next practical tip we will show you how Computer-Leasing works.
