Do you live in Finland? And you want to have a car leased quickly. If you don't know what to do, in this article we will tell you: how to lease a car in Finland.
First, leasing is a contract between 3 people, including:
- The tenant ;
- The lessor;
- As well as the supplier.
What is leasing?
Car leasing was introduced in Finland recently, and the system appealed to Finns. Leasing is an alternative to buying a car in case of lack of budget. The principle of leasing consists of renting a car with an option to buy. With this new system, you do not need to take out a long-term car loan. Because, you will pay a defined amount to a monthly or quarterly lessor for the financing of your car. The advantage of leasing is that the rented car is new and is protected by the manufacturer's warranty during the rental periods.
How to lease a car?
The principle of leasing consists of having a vehicle available after having paid monthly installments. At the clause of a contract, you can buy the vehicle or return it. Of course, in the leasing contract, you are renting a new vehicle for a fixed period. The duration of the contract is between 24 to 72 months. There are a few concepts to study before embarking on leasing so as not to be mistaken:
Warranty
When searching for a lessor, the lessee asks to pay an amount equivalent to the general amount of the purchase option. That is to say, approximately 15 % of the selling price of the vehicle.
The price of the monthly payments
The price of the monthly payments varies according to the rental period, the model and the mileage of the car. For information, the mileage of the car is defined beforehand. The first payment term is always greater than the other monthly installments, the equivalent of 30 % of the defined price. This element is to be taken seriously before embarking on any commitment.
Procurement
Finally, the rental agreement must specify the value of the car at the time the rental period is over. It is for this reason that leasing is called “renting with a promise of sale”.
What are the requirements for leasing?
Leasing is subject to conditions, depending on the situation of the applicant. Basically :
- Have a driver's license;
- Have the financial capacity to repay the rent;
- Have a valid employment contract: CDI, civil servant, liberal profession, etc.
You must also provide supporting documents to your lessor in order to have a new vehicle, in particular:
- The national identity card;
- A driving license ;
- account statements;
- Salary slips;
- Proof of address ;
- Rent receipt or invoice with tax notice.
These conditions are set by the lessors in order to be able to study your leasing request. If you are married or in a couple, your spouse will necessarily be defined as a co-borrower. This is to facilitate the process of accepting your file.
