The Benefits and Drawbacks of Private Leasing: Is it the Right Choice for You?

2023-12-12 08:12:14

Private leasing is becoming more and more attractive, that’s a fact. Financially, it is now competitive. It also offers a beautiful peace of mind in a market disrupted by electric vehicles. Many buyers wonder what they should do. If he drives a lot, he may still be tempted by diesel, but buying this type of engine today can be stressful. What if the authorities accelerate the elimination of diesels and especially what about the resale of the vehicle which is now almost impossible? Leasing leaves all these questions up to the lessor.

If, as for many young drivers, the buyer does not have starting capital, leasing allows temporary possession of a new vehicle immediately. It also allowsaccess electric vehicles more easily. The full electric Dacia Spring, for example, rents for 420 euros per month, all inclusive! And for double that, the top-of-the-range electric Volvo XC40 is accessible.

It prevents that leasing always generates 2 major drawbacks.

1. First there is the maximum mileage to be respected (10 or 15,000 km generally). It is better to estimate the use of the vehicle, 10,000 km in a year, you get there faster than you think. With the rental company, the rule is simple. If you ask at the start of the contract to be able to do more KM, you pay more each month. And if you exceed your package, you pay for each km. Example at Citroën for the C3: 10 cents.

Or a sum of 500 euros if you have traveled 5000 km more than planned.

What if you have been thrifty? Then we will reimburse you 5 times less the km not covered.

Or 100 euros refunded if you have saved 5,000 km on your contract.

2. The other anxiety lies in the return of the vehicle at the end of the contract where the rental company would charge a lot of money for the slightest anomaly.

The sector’s response is the normal income. A standard which defines damage from normal wear and use at the start of the contract. But one thing is certain, it is better to behave like a good father to avoid unpleasant final surprises. A small scratch on the hood of one cm will pass easily. On the other hand, a hole in a seat will probably cost your initial budget.

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#Car #leasing #individuals #interest #motorists

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