Lease or buy a car? A question that is now also increasingly being asked by private individuals. While car leasing was for a time considered profitable only for professionals, there are now numerous leasing offers aimed specifically at private individuals. We show you whether leasing is worthwhile for private individuals, what to look out for and how private leasing works.
First of all, we have compiled our top leasing deals for you:
|Hyundai i10||69 €||Compare offers|
|Hyundai Kona electric||135 €||Compare offers|
|SEAT Arona||148 €||Compare offers|
|BMW i3||199 €||Compare offers|
|VW ID.4||215 €||Compare offers|
A vehicle is purchased through a certain term away with a lessor “rented“. This requires a down payment as well as monthly leasing fees. At the end of the contract period, there is the possibility of purchase or the car is returned to the lessor.
Until a few years ago, there was a widespread assumption that car leasing was only worthwhile for companies and the self-employed, not for private individuals. The reason: tradesmen can claim the monthly lease payments as business expenses and deduct them from taxes.
In addition, they often benefit from special conditions on the part of the lessor. This has changed over time. Even if Private individuals not be able to make any tax savings, enthusiasts Elsewhere, various benefits.
Is leasing worthwhile for private individuals??
To what extent private leasing is worthwhile for you depends on different factors dependent. First of all, your personal requirements play an important role: you would like to have flexible be and not be tied to a car for a long time? You would like to have the Vehicle make use of, not but own? You like to drive new cars, but the savings are not sufficient for a purchase? In this case private leasing is a real alternative.
Nevertheless, you should be aware of the fact that you will be able to pay the monthly leasing instalments over the entire term of the lease. A early termination of the leasing contract is hardly possible. Which advantages and disadvantages outweigh the disadvantages must be weighed up individually.
Advantages and disadvantages of private leasing
With private leasing, you benefit from various Advantages, starting with the purchase of the vehicle. Instead of the purchase price, only the Vehicle usage in the form of monthly leasing installments Paid. This conserves liquidity.
Dealers often offer Full service leasing including maintenance, insurance and vehicle tax. These costs are covered by the leasing rate, which means that a high Planning security is guaranteed.
Terms generally range from two to four years. Afterwards you can return the car and choose a new model. Sometimes it is also possible to take over a leasing contract from another person. In this way you can drive without risk current new cars with the latest technology.
Furthermore, you remain sales effort spared. If it is a mileage lease, the lessor bears the loss in value of the car.
Advantages at a glance:
- Expenses can be planned
- Low equity investment
- New car with the latest technology
- No sales effort
- Loss of value is borne by the lessor (in the case of mileage leasing)
With car leasing, the lessor Owner of the vehicle. This means that if you opt for a private lease, you pay monthly leasing instalments without having any claim to the vehicle at the end of the term. On the one hand, this offers flexibility, but on the other hand, you are left empty-handed.
In addition to monthly leasing installments, the start of the contract is subject to a high Down payment to calculate. Therefore sufficient liquidity should be present, because a leasing contract can be terminated only with difficulty prematurely. In the case of residual value leasing, if the residual value is not reached, the lessee bears the risk of a subsequent payment.
Disadvantages at a glance:
- lessor remains vehicle owner
- High down payment, monthly financial burden
- Leasing contract is difficult to terminate prematurely
- Possible additional payment on return (in the case of residual value leasing)
How does private leasing work?
Private leasing is subject to the same principles as commercial leasing. The first step is to find the right leasing offer. This is possible at numerous car dealerships and providers on the Internet. In the course of preparing your offer, you should choose a Leasing type decide. A distinction is made here between mileage leasing, residual value leasing and zero leasing.
The former is the most common leasing model and involves a contractually fixed annual mileage. If more kilometers are driven per year than agreed, additional costs are incurred.
With residual value leasing, the lessor determines the residual value of the vehicle to be achieved at the end of the term. If the lease price falls below this, the lessee must make up the difference.
Zero leasing represents a leasing contract without a down payment. The list price is used for the calculation of the monthly installment. Often this is higher than the new car price, so the actual savings effect is eliminated.
After you have decided on a leasing type, the lessor checks your credit rating. If this is positive, there is nothing standing in the way of signing the contract. After making a down payment, you can pick up the vehicle and use it for the term specified in the contract.
What to consider for private leasing?
Just as for financing, you need to have a positive credit rating present. If you do not have a regular income, the leasing offer is Possibility, a guarantor to be included in the contract.
The amount of the monthly leasing rate consists of different Components together: Model, optional equipment, down payment, depreciation, interest as well as maintenance and inspections. With a full-service lease, the costs are already included in the monthly rate. Otherwise, you should factor in the additional cost of insurance, maintenance and inspection. Finally, you are contractually obligated to have regular inspections performed at a brand workshop.
Basically it is recommended, a Leasing contract between two and four years to be concluded. A too long or even too low term is reflected in an increased leasing rate. When you return the vehicle, a surveyor will inspect it and record any defects and damage in a report. In case of doubt, it is worthwhile to call in an independent third party to inspect the vehicle again.
Private lease without down payment?
As a rule private leasing is a Down payment to afford. For many an enormous sum of money, which affects the liquidity. In order to keep car leasing attractive for private individuals, some lessors offer special deals with no down payment required. At first sight a cost-effective alternative.
Please note: The missing deposit is often with a increased monthly leasing rate compensates. Others, on the other hand, calculate with inflated final sums when returning the vehicle. For this reason, the offers should be checked in detail and compared with each other in advance.
Does a private lease make sense?
The advantages of private leasing are obvious. Nevertheless, the disadvantages must also be taken into account. To what extent a Private leasing makes sense is decided by the personal life situation.
If you always want to keep an eye on costs, regularly drive new cars and avoid any sales effort, you are well advised with a private leasing. If you are unsure whether you can pay the down payment and the monthly lease payments, private leasing is not necessarily the right choice.