Do you live in Italy? Is there a brand of car you want to drive? But you can't afford it? The leasing contract is made for you. This type of contract provides for the rental of a car with the option to buy. In this article we will tell you a little more about how to lease a car in Italy?
What is leasing?
Leasing is a system for renting a car with an option to buy after the end of the contract. This contract is very interesting, essentially if you have no contribution. It is still important to differentiate between Long-Term Rental and Rental with Option to Purchase. These are two different contracts, but the principle remains the same, renting a car from a lessor. The LLD rental system does not provide for the option of buying back the vehicle at the end of the contract, unlike the LOA.
What is the principle of leasing?
In other words, leasing is also called Renting with Option to Buy. That is to say, a rental with a promise of sale, more precisely leasing. The contract mainly concerns the purchase or rental of a motor vehicle, in particular: a motorcycle, a car, etc.
The goal is to allow a company or an individual to have a new video without input. The duration of the contract is determined according to the clauses of the contract. Then, the tenant will have to pay monthly installments to the landlords. What differentiates this type of rental from others is that at the end of the contract, the lessee can return or buy the vehicle in question. Leasing has many advantages, mainly if you want to acquire a car directly from a dealer:
The best solution to finance your car
Leasing provides consumer credit. The contract allows the tenant to have a car without personal contribution on his part.
A possibility to change vehicle
The duration of the contract is generally between 24 to 72 months. At the end of the contract, the lessee can return the vehicle, in addition, he can choose another model if the latter does not want to buy the vehicle.
How to buy a leased car without down payment?
Even if you don't have a down payment, it's still possible to lease a car from a dealer. However, before you buy a leased car, read our article, Is it worth buying a leased car? Leasing a car is a leasing contract managed by a bank, not the dealer. Certain information must be included in the leasing contract:
- The contact details of the tenant;
- The contact details of the lessor;
- A description of the rented vehicle;
- The purchase price of the vehicle: the amount, the monthly payments, the remainders to be paid, etc.
- The duration of the contract ;
- The obligations on the part of both parties;
- The terms in the event of a dispute;
- The withdrawal period;
- The authorities concerned;
- The terms providing for the purchase of the property at the end of the contract.
In short, this type of rental is perfect for an individual who wants to drive a new car.
