Are you in Luxembourg? Do you want to acquire a new car, but the means are lacking? Opt for an easy solution, car leasing. This system allows you to have a new car by paying monthly installments according to the conditions of the contract. At the end of the contract, you will be able to buy the vehicle, or return it. In this text, we will tell you more about it.
Who is car leasing for?
Car leasing is dedicated to professionals and individuals. Indeed, leasing is also called LOA or Rental with Option to Purchase. This means that you may or may not become the owner of the vehicle after the end of the contract depending on the terms of the contract.
Car leasing offers many advantages. First, obtaining the contract is simple, it is enough to justify a means to repay the monthly payments. Then the rents to be paid are charges and tax deductible. This credit is the most recommended for businesses. It is also possible to change cars each time. Leasing can finance any type of vehicle, including: tractors, machinery, motorcycles, etc.
How to have a leased car in Luxembourg?
To lease a car in Luxembourg, you must first define the type of vehicle you want. Then, determine the type of financing desired, that is to say with or without contribution. Include purchase option or long term option and mileage.
All types of vehicles can be purchased on leasing. It is also possible to rent with option to buy professional equipment, particularly: machines, computer equipment, etc.
What are the advantages of leasing?
Opting for this solution has many advantages for both an individual and a professional, mainly if you do not have enough means to afford a new car.
- With leasing, you can choose the type of vehicle that suits you;
- Then, the call option can become embedded throughout the contract;
- The contract provides for the payment of repairs as well as the resale of the vehicle if you do not choose the purchase option;
- The price of the monthly payments is fixed throughout the contract;
- Additional costs are tax deductible.
In short, for professionals, leasing is a solution to adopt to have a new car without spending too much money. The duration of the contract is on average between 12 to 72 months depending on the type of contract signed.
