Car leasing - Europe
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Do any CPians living in Europe lease their cars? I am going to look into leasing a car and would like to get some idea as to how it works. Things like average kilometers per year, cost, etc... would be appreciated. This won't be for a holiday, so I'm talking long-term leasing here - say 3 to 4 years with the option to buy at the end. This will be a private lease - i.e. not for business...
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Do any CPians living in Europe lease their cars? I am going to look into leasing a car and would like to get some idea as to how it works. Things like average kilometers per year, cost, etc... would be appreciated. This won't be for a holiday, so I'm talking long-term leasing here - say 3 to 4 years with the option to buy at the end. This will be a private lease - i.e. not for business...
What country? I'm not sure but in mine I don't think you can lease a car, only company's can.
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What country? I'm not sure but in mine I don't think you can lease a car, only company's can.
Tom Deketelaere wrote:
What country? I'm not sure but in mine I don't think you can lease a car, only company's can.
Luxembourg. I was told that individuals could lease cars, but I just want some idea of the numbers involved. Google hasn't been helpful in terms of leasing in Europe.
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Do any CPians living in Europe lease their cars? I am going to look into leasing a car and would like to get some idea as to how it works. Things like average kilometers per year, cost, etc... would be appreciated. This won't be for a holiday, so I'm talking long-term leasing here - say 3 to 4 years with the option to buy at the end. This will be a private lease - i.e. not for business...
In my country (Spain) we can lease even if we are not companies (only a physical person) and if you are a company you can also rent the car (in which case you get a different price as several things on its maintenance are included on the price). Usually (again in Spain) it is interesting as it is good to have a renting at the end of the year when you have to give your numbers and pay taxes to the government. The prices can vary a lot, but you can check them directly on online bank offices like: Note that those links are in Spanish... http://portal1.lacaixa.es/Channel/Ch_Redirect_Tx?dest=1-52-10-00000440&loce=es-particulars-home-Homelunes-07-m02-CAIXARENTINGVOL[^] https://secure.bansalease.es/posiciones/default.asp[^] ... Probably it would be more interesting if you would tell us at which country would be living, as then the banks to be checked should be the ones there... Hope this helps...
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Tom Deketelaere wrote:
What country? I'm not sure but in mine I don't think you can lease a car, only company's can.
Luxembourg. I was told that individuals could lease cars, but I just want some idea of the numbers involved. Google hasn't been helpful in terms of leasing in Europe.
I'm sure individuals can lease a car anywhere in Europe. For individuals (in Sweden) it's basically set up as a car loan. It can cover the entire cost of the car, or just a percentage of it. When the time is up, you can choose to pay the remaining value to the car dealer, and become owner of it, or you sell the car back to the dealer. I'm sure car dealers will allow you to sign onto a new leasing deal for a new car without any fuzz.
-- Kein Mitleid Für Die Mehrheit
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Tom Deketelaere wrote:
What country? I'm not sure but in mine I don't think you can lease a car, only company's can.
Luxembourg. I was told that individuals could lease cars, but I just want some idea of the numbers involved. Google hasn't been helpful in terms of leasing in Europe.
73Zeppelin wrote:
I was told that individuals could lease cars, but I just want some idea of the numbers involved. Google hasn't been helpful in terms of leasing in Europe.
It depends on the country (don't know for Luxembourg). There are other similar options sometimes. Your best bet is to check the bank site's and insurance site's off banks / insurance company's off Luxembourg. (like others have said)
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I'm sure individuals can lease a car anywhere in Europe. For individuals (in Sweden) it's basically set up as a car loan. It can cover the entire cost of the car, or just a percentage of it. When the time is up, you can choose to pay the remaining value to the car dealer, and become owner of it, or you sell the car back to the dealer. I'm sure car dealers will allow you to sign onto a new leasing deal for a new car without any fuzz.
-- Kein Mitleid Für Die Mehrheit
Jörgen Sigvardsson wrote:
I'm sure individuals can lease a car anywhere in Europe. For individuals (in Sweden) it's basically set up as a car loan. It can cover the entire cost of the car, or just a percentage of it. When the time is up, you can choose to pay the remaining value to the car dealer, and become owner of it, or you sell the car back to the dealer. I'm sure car dealers will allow you to sign onto a new leasing deal for a new car without any fuzz.
Yes, that's what I'm interested in. I would like to know average monthly payments (say for a 2 door compact), maximum km per year, etc...
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In my country (Spain) we can lease even if we are not companies (only a physical person) and if you are a company you can also rent the car (in which case you get a different price as several things on its maintenance are included on the price). Usually (again in Spain) it is interesting as it is good to have a renting at the end of the year when you have to give your numbers and pay taxes to the government. The prices can vary a lot, but you can check them directly on online bank offices like: Note that those links are in Spanish... http://portal1.lacaixa.es/Channel/Ch_Redirect_Tx?dest=1-52-10-00000440&loce=es-particulars-home-Homelunes-07-m02-CAIXARENTINGVOL[^] https://secure.bansalease.es/posiciones/default.asp[^] ... Probably it would be more interesting if you would tell us at which country would be living, as then the banks to be checked should be the ones there... Hope this helps...
Thanks. I'll look for something similar. The country would be Luxembourg.
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Jörgen Sigvardsson wrote:
I'm sure individuals can lease a car anywhere in Europe. For individuals (in Sweden) it's basically set up as a car loan. It can cover the entire cost of the car, or just a percentage of it. When the time is up, you can choose to pay the remaining value to the car dealer, and become owner of it, or you sell the car back to the dealer. I'm sure car dealers will allow you to sign onto a new leasing deal for a new car without any fuzz.
Yes, that's what I'm interested in. I would like to know average monthly payments (say for a 2 door compact), maximum km per year, etc...
I'd go to the car vendor's web site, and get their list of resellers. For instance, if I was interested in a VW, I'd go to www.volkswagen.se (replace .se with your favorite TLD). You can even request a leasing quote from www.volkswagen.se. I suspect they'll redirect you to a local reseller though... Of course, there are probably other alternatives - businesses that specialize in car leasing, and that are not brand specific. But I have no idea where to start in such cases.
-- Kein Mitleid Für Die Mehrheit
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I'd go to the car vendor's web site, and get their list of resellers. For instance, if I was interested in a VW, I'd go to www.volkswagen.se (replace .se with your favorite TLD). You can even request a leasing quote from www.volkswagen.se. I suspect they'll redirect you to a local reseller though... Of course, there are probably other alternatives - businesses that specialize in car leasing, and that are not brand specific. But I have no idea where to start in such cases.
-- Kein Mitleid Für Die Mehrheit
Ah, good idea. Thanks Jorgen.
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Do any CPians living in Europe lease their cars? I am going to look into leasing a car and would like to get some idea as to how it works. Things like average kilometers per year, cost, etc... would be appreciated. This won't be for a holiday, so I'm talking long-term leasing here - say 3 to 4 years with the option to buy at the end. This will be a private lease - i.e. not for business...
Maybe this is a stupid question, but why can't you just go to a dealer and ask? Granted you'll be given the "If I don't spend hours haggling over the price" quote, but since the same markup will be in an initial purchase quote they should be comparable. PS I wouldn't be optimistic about getting a good deal. In the US lease prices were set so that the company would make more money (after reselling it off lease) than on a normal purchase transaction. Unless you're vain enough that you need to trade your car in for the newest and shiniest every other year; you'll probably be better off buying normally and driving the car until it's worn out.
Today's lesson is brought to you by the word "niggardly". Remember kids, don't attribute to racism what can be explained by Scandinavian language roots. -- Robert Royall
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Maybe this is a stupid question, but why can't you just go to a dealer and ask? Granted you'll be given the "If I don't spend hours haggling over the price" quote, but since the same markup will be in an initial purchase quote they should be comparable. PS I wouldn't be optimistic about getting a good deal. In the US lease prices were set so that the company would make more money (after reselling it off lease) than on a normal purchase transaction. Unless you're vain enough that you need to trade your car in for the newest and shiniest every other year; you'll probably be better off buying normally and driving the car until it's worn out.
Today's lesson is brought to you by the word "niggardly". Remember kids, don't attribute to racism what can be explained by Scandinavian language roots. -- Robert Royall
dan neely wrote:
Maybe this is a stupid question, but why can't you just go to a dealer and ask?
This all has to do with a possible job change, so I'm not in Luxembourg yet. I'm still in France. I'm just trying to get an approximate idea regarding costs, etc... so I can be prepared when I actually do go to a dealership and they do the sales pitch.
dan neely wrote:
PS I wouldn't be optimistic about getting a good deal. In the US lease prices were set so that the company would make more money (after reselling it off lease) than on a normal purchase transaction. Unless you're vain enough that you need to trade your car in for the newest and shiniest every other year; you'll probably be better off buying normally and driving the car until it's worn out.
That's what I'm trying to figure out. I also don't really want a car loan at the moment.
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dan neely wrote:
Maybe this is a stupid question, but why can't you just go to a dealer and ask?
This all has to do with a possible job change, so I'm not in Luxembourg yet. I'm still in France. I'm just trying to get an approximate idea regarding costs, etc... so I can be prepared when I actually do go to a dealership and they do the sales pitch.
dan neely wrote:
PS I wouldn't be optimistic about getting a good deal. In the US lease prices were set so that the company would make more money (after reselling it off lease) than on a normal purchase transaction. Unless you're vain enough that you need to trade your car in for the newest and shiniest every other year; you'll probably be better off buying normally and driving the car until it's worn out.
That's what I'm trying to figure out. I also don't really want a car loan at the moment.
Won't breaking a lease contract screw up your credit just as badly as defaulting on a car loan?
Today's lesson is brought to you by the word "niggardly". Remember kids, don't attribute to racism what can be explained by Scandinavian language roots. -- Robert Royall
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Won't breaking a lease contract screw up your credit just as badly as defaulting on a car loan?
Today's lesson is brought to you by the word "niggardly". Remember kids, don't attribute to racism what can be explained by Scandinavian language roots. -- Robert Royall
dan neely wrote:
Won't breaking a lease contract screw up your credit just as badly as defaulting on a car loan?
Only if the reason I break the contract is because I can't make the payments. If I break early due to job change, moving out of country, etc..., then I pay a penalty. I am about 95% sure that my credit rating doesn't suffer.
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dan neely wrote:
Maybe this is a stupid question, but why can't you just go to a dealer and ask?
This all has to do with a possible job change, so I'm not in Luxembourg yet. I'm still in France. I'm just trying to get an approximate idea regarding costs, etc... so I can be prepared when I actually do go to a dealership and they do the sales pitch.
dan neely wrote:
PS I wouldn't be optimistic about getting a good deal. In the US lease prices were set so that the company would make more money (after reselling it off lease) than on a normal purchase transaction. Unless you're vain enough that you need to trade your car in for the newest and shiniest every other year; you'll probably be better off buying normally and driving the car until it's worn out.
That's what I'm trying to figure out. I also don't really want a car loan at the moment.
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73Zeppelin wrote:
I'm still in France
Banks in France have almost all leasing contracting. French car companies have leasing contracting. Since Luxembourg is not that far away from France, you could give it a try in France, I think.
Rage wrote:
you could give it a try in France, I think.
Might be worth looking into - possibly it's cheaper in France. Thanks!
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Do any CPians living in Europe lease their cars? I am going to look into leasing a car and would like to get some idea as to how it works. Things like average kilometers per year, cost, etc... would be appreciated. This won't be for a holiday, so I'm talking long-term leasing here - say 3 to 4 years with the option to buy at the end. This will be a private lease - i.e. not for business...
Not sure about Europe, but I got a great deal on a Volkswagen in the US. The lease rate was about half what the monthly payment would be. The best part was when my daughter wrecked it (total loss), not only did the insurance pay off the remaining lease, but sent me a check for $3,200 in addition. Evidently VW Jettas were holding their value more than was expected when the lease started. :)
SS => Qualified in Submarines "We sleep soundly in our beds because rough men stand ready in the night to visit violence on those who would do us harm". Winston Churchill
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Not sure about Europe, but I got a great deal on a Volkswagen in the US. The lease rate was about half what the monthly payment would be. The best part was when my daughter wrecked it (total loss), not only did the insurance pay off the remaining lease, but sent me a check for $3,200 in addition. Evidently VW Jettas were holding their value more than was expected when the lease started. :)
SS => Qualified in Submarines "We sleep soundly in our beds because rough men stand ready in the night to visit violence on those who would do us harm". Winston Churchill
Ok. This is what I was thinking too - lease payments much less than loan payments. Thanks!
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Ok. This is what I was thinking too - lease payments much less than loan payments. Thanks!
because you're only paying interest + expected depreciation. At the 3 year point in a normal car loan you've got a decent chunk of equity. That only happens in a lease if the leasing company botches it's projections.
Today's lesson is brought to you by the word "niggardly". Remember kids, don't attribute to racism what can be explained by Scandinavian language roots. -- Robert Royall