Financial car leasing is a comprehensive service that includes purchase financing, registration, and insurance of the leased vehicle. Due to the unstable economic situation in Ukraine, buying a car on lease is more advantageous and cost-effective than taking out a loan with high interest rates from banking institutions. Vehicle rental with the right to buy reduces risks related to a noticeable impact on the budget.
Buying a car on lease: transaction features
One modern way to acquire your own vehicle is leasing, which is vehicle rental with the right to buy. Individuals or legal entities have the right to choose a domestic or foreign-made car, new or used, taking into account the terms of the leasing company. There are two leasing options:
- financial leasing, which provides for the possibility of later buying out the vehicle;
- operating leasing, under which the vehicle is returned after the rental term ends.
The operating rental method is suitable for legal entities and commercial institutions that need to renew their fleet. Financial leasing is chosen by private individuals who plan to buy the car in full.
Advantages of financial leasing:
- agreement preparation does not take much time;
- car buyout through fixed payments;
- the contract can be concluded for 5 years or 3 years;
- minimization of risks related to pressure on the budget;
- a wide range of vehicles, including new and used cars;
- minimal payments compared with loan programs.
Organizations that specialize in selling cars on lease offer several financing programs with an established monthly payment schedule for renting a car with subsequent buyout.
Leasing companies: specifics and selection features
Terms in different organizations have their own advantages and disadvantages, which you need to know before choosing a leasing company. Development and formation of contractual agreements with the seller depend on:
- payment term;
- car value;
- size of the down payment.
Choosing a leasing company is an important step. You should pay attention to organizations that have earned client trust during their operation and have a license to conduct financial transactions.
TRUST AUTO: favorable leasing programs
Before preparing a financial agreement, leasing companies require a certain package of documents, including a marriage or divorce certificate, an employment record book with the company’s seal, and documents confirming the place of registration of children.
The minimum list of documents includes:
- a copy of the client’s passport details;
- taxpayer identification number;
- copies of current loan agreements.
Some organizations check the client’s credit history before signing the agreement; solvency is a mandatory condition.
TRUST AUTO, in turn, always meets the consumer halfway. Credit history and the absence of an income certificate for 6 months do not affect the result when applying for leasing. After providing documents and signing the leasing agreement, the client receives a car with completed registration, CASCO and compulsory insurance, and paid tax fees.
The lease payment includes provision of:
- fuel cards with discounts;
- a replacement car in case of breakdown;
- repair after a traffic accident if the accident was not the driver’s fault.
Car leasing for individuals at TRUST AUTO is a significant saving of initial expenses, because registration and insurance costs are included in the lease payments. There is only one downside: monthly payments are higher than loan payments, but given the mutual agreement of both parties, they are quite manageable.
You can buy a car on lease without major financial difficulties. This is the most economical way to make the dream of owning your own vehicle come true. Therefore, “think for yourself, decide for yourself: to have or not to have.” You can learn more detailed information about buying a car on lease on the autolombard.in.ua website through feedback or by phone: +38 (097) 386-90-91.
