Car leasing - Europe
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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