The leasing contract is a long term rental of some high depreciation, and vehicles.Through it, users rent a car in exchange for afixed monthly payment for a given period of time. This is usually between 36 and 48 months and the amount to be disbursed varies depending on the chosen model, mileage or services demanded.
The leasing contracts signed with specialized financial companies or car manufacturers. No two identical contractual relationships, as they are tailored to the specific needs of each client and individuals. Yes, there are common provisions that require, for example, the car not sublet or use only by authorized persons.
With renting, you may brand car every few years and forget to pay for insurance, taxes or revisions. You only need to pay the monthly fee established by the respective company. Buy a car leasing scheme can lead exciting benefits , although it is advisable to know beforehand the fine print.
Leasing contracts include administrative actions such as purchasing, registration and transportation from the factory. Also cover the following aspects:
- Repairs in case of breakdown and preventive maintenance.
- Replacing tires as contract deadlines.
- Insurance claims and theft (usually the "no excess" is used).
- Roadside Assistance.
- Claim administrative fines.
- Replacement vehicle in case of breakdown.
It is important to note that, in general, do not include refueling , the user fines or repairs that are due to misuse of the car by one.
In leasing , financial acquires the vehicle you want the user and rents it to it in exchange for monthly payments over the life of the car (in the renting, the rental period is variable). Another difference is that the related costs are not included or arising from the car (insurance, tax, servicing, repairs ...), unlike what happens in renting.
Despite the many advantages of renting holiday scheme, the system also has some disadvantages . The first is that the owner of the vehicle is the company with which the contract is signed. Furthermore, there is an obligation to comply with the contractual relationship if you do not want to pay the appropriate penalty for early cancellation . Also, it should be noted that you can not make changes to the vehicle by the user, the repairs have to be made in the workshops identified by the company and there is another penalty if the miles are scheduled annually exceeded.
According to the Spanish Association of Renting Vehicles , in 2013 the fleet of leased cars under this scheme exceeded 400,000 units in our country and more than 110,000 cars were registered.
