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Is leasing for a young license possible?

Le monde automobile 23/08/2021 37

Is leasing for a young license possible?

Reminder on leasing

Leasing or Rental with Purchase Option (LOA) is a long-term rental contract which has the possibility at the end of being terminated by the vehicle purchase. The tenant pays a fixed sum each month for a period of 2 to 5 years. At the end of the contract, three possibilities are available to you:

Return of the vehicle (and repair) Renewal of the LOA contract (a new contract) Purchase of the vehicle for the amount of the value

Please note that during the entire rental period, you are not the owner of the vehicle, unlike a classic car loan.

Leasing, for whom?

In the absence of not being able to acquire a new or used vehicle, leasing gives a motorist the opportunity to own a car, but he will not be the owner. Cars wishing to change vehicle regularly will find their account in leasing. Indeed, the LOA gives the possibility of changing vehicles every 2 or 3 years.

Note that the leasing contract gives the possibility of traveling a limited number of kilometers (the contracts generally provide for a maximum total of 20,000 km per year for diesel cars, and 15,000 km for gasoline cars). Rather suitable for a young novice driver who will not make long journeys daily and who is able to limit his mileage. Be aware that if you exceed the predefined mileage with the specialized establishment, penalties will be added to your first monthly rent.

Why rent a vehicle?

If you are a young driver and are looking for a car, leasing can offer you many advantages. What is interesting is that it will necessarily be consistent and above all better suited to your financial capacities (often limited by being a young driver). Indeed, the monthly payments remain cheaper than a traditional car loan. Buying a car can quickly become a money pit, especially if you threw yourself into the first deal that seemed interesting to you. If you buy a vehicle, whether new or used, avoid scams.

At the end of the rental period, you choose whether or not to leave with the vehicle where you have the possibility of renewing the subscription. You do not engage directly with a vehicle that you must then assume. That’s the whole economic benefit of leasing.

How to rent a car?

Young permits are often frowned upon by specialized companies. This is because their financial capacity is lower and the risk of loss is higher than a confirmed driver, so their request will be easily rejected, but not always. Don't be too greedy when it comes to choosing your first rental vehicle. Start by becoming a less expensive, city-type vehicle rental company. You can also choose a used vehicle which will be very good for a first car.

Do you know Kyump / CapCar? Intermediary for sale of used vehicle between individuals, Kyump / CapCar offers you a number of important of quality car offers and inspected under 200 control points by professionals. If you want to become the owner of a vehicle, the best solution is to go through a professional like Kyump / CapCar who will allow you to sell and buy simply and at the best price!

Buy a car at the best price

Checked on 200 points and 6 months warranty

PREV: Change car while on loan

NEXT: Leasing buyback: principle and operation

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