Want to drive a new car on the roads of Austria? Can't afford to buy on credit? Leasing is an advantageous contract for you. Whether you are an individual or a professional. In this text, we are going to tell you: how to make a car leasing in Austria?
What is leasing?
There are two types of leasing: Rental with Purchase Option and Long-Term Rental. They are two different types of contract. Indeed, with the rental with purchase option, the tenant pays monthly payments which vary according to:
- The original price of the car;
- The duration of the rental;
- Authorized mileage;
- Other services;
At the end of the contract, the lessee has two options: either buy the car or return it to the lessor. Long Term Rental was reserved for professionals. The contract does not provide for the possibility of purchase at the end. Today, many individuals opt for this type of rental. The tenant will pay a monthly amount to have a car at his disposal. The price of the monthly payments depends on the conditions defined by the contract. This will be returned at the end of the rental contract.
The leasing contract is very advantageous regardless of the type of contract chosen. The amount of the monthly payments is paid regularly to avoid unpleasant surprises. The price of the monthly payments is lower than that of the car loan, but the durations are determined. In addition, the renter can change vehicle each time. It also benefits from assistance in the event of a problem.
What are the documents to provide for a leasing contract?
Leasing is a contract reserved for professionals and individuals. The documents to be provided are as follows:
- A valid ID;
- A driving license ;
- A proof of income;
- A rib ;
- Proof of address ;
These files are to be provided to the lessors so that they can examine them. They will give feedback after careful selections.
What are the conditions imposed by the contract?
Before making any decision, you must first comply with the conditions required by the leasing. The first thing to do is to choose the type of vehicle, essentially:
- The brand ;
- Finishing ;
- Equipment;
- Engines ;
This information is necessary to define the monthly payments and taxes included. There are still mandatory terms in the contract, including:
- The duration of the rental;
- The design of the vehicle;
- The amount of the monthly payments;
- Mileages;
- The terms in the event of a dispute or problem;
The provisions of a contract must be defined by both sides in order to protect each other from possible problems. Leasing conditions are almost all the same in any country, if you are in Spain find out here how to lease a car in Spain?
