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Tips for car leasing
If you need a new vehicle, you often cannot put the entire purchase price on the table. There are therefore different ways in which a new car can be financed. One method is leasing a new car. Leasing has many advantages, such as lower insurance costs.
Use instead of purchase
With leasing, it is actually not a purchase but the use of a vehicle that is negotiable. the Lessee pays a small down payment and can then continue to use the car by paying monthly installments. After a certain period of time, the lessee can decide whether to keep the car and pay off or swap it for another new car.
This is a great advantage of leasing because customers can always the latest VW or drive an Audi. What exactly has to be observed, however, are the maintenance intervals, for example. In addition, the drivers are tied to certain workshops. If you want to lease a BMW, for example, you cannot have maintenance and repairs carried out in independent workshops, but are tied to contractual partners of BWM.
Different offers
Who one New cars least, he can usually choose between two offers. The first variant is the so-called kilometer leasing. An upper kilometer limit is set, which is free during the year. If this upper limit is exceeded, the additional kilometers must be paid in addition. The advantage is that even if the usage is below average, depending on the contract, a refund can even be made. The kilometer leasing is chosen most often because it hardly involves any risks or changes in the leasing rate.
The second version is residual value leasing. In this case, when the contract is concluded, not only is the leasing rate fixed, but also the residual value of the vehicle at the end of the contract period. If the driver has driven significantly less, which means that the residual value is higher than specified in the contract, the subsequent rates can be significantly reduced in this case. However, this form of leasing presents a great risk, because the residual value is usually lower than agreed in the contract. Even an accident can, for example, significantly reduce the residual value of an Audi or BMW.
Occasionally there are other offers that, for example, continue to pay the lease payment provide, but this happens in the form of a conversion into a loan and the customer keeps the car.
Avoid return problems.
The leasing period for a new car is contractually agreed. As a rule, the residual value is still relatively high, which is why customers repeatedly decide to keep the vehicle and continue to pay the installments for it. This pays off especially with high-priced models such as an Audi or BMW. However, those who lease cheaper models such as a VW, where new models appear on the market more often, often benefit from a return. With the conclusion of a new contract, the latest model from VW, for example, can be driven again.
It is important for lessees that the vehicle should be returned in very good condition. Here it is also worth investing in professional cleaning, because a dirty car can have an impact on the residual value.