Are you in Greece? Do you want to buy a new car? Car leasing is the best solution if you are in Greece. The leasing system allows you to have a new car in your possession, essentially if you do not have a prior contribution. Find out more about this system in this text.
What is car leasing like in Greece?
Leasing comes in the form of a car loan. However, with leasing, the amount of the monthly payments is fixed according to the terms of the contract. At the end of the contract, the lessee can choose to buy back or return the car. He can also choose another model of vehicle and pay other monthly payments. The advantage of leasing is that the monthly payments are interesting, they include several features including:
- The price of the car;
- Insurance;
- maintenance costs;
These features are different from simple auto credit. The monthly payments are paid to the lessors who are the owners of the vehicle. On the other hand, the tenants must advance a check of guarantee during the meeting of the files. The latter is the equivalent of 3 months' rent and refundable at the end of the contract.
What are the advantages and disadvantages of leasing?
Indeed, leasing allows you to have countless choices on new vehicle models. The tenant will rent the car for a fixed period and can buy back the property at the end of the contract, but he can have the vehicle at his disposal without prior contribution. The amount of the monthly payments varies according to the terms of the contract: the price per mileage, the price of the car, etc. This is the best way to acquire a new car, essentially if you do not have enough means to obtain a car loan.
Leasing still has drawbacks, especially in relation to the amount of monthly payments to be paid. If you choose to pay monthly installments based on mileage. You won't have to travel far. If you exceed the imposed mileage, you will pay additional costs.
Why your leasing is refused?
When filing the leasing file, your application will be studied by the concessionaire and the financial institution, the lessor, meticulously. A refused LOA file happens to many motorists. Essentially if you choose the purchase option at the end of the contract. Once your file has been submitted to lessors, the dealer will first assess it. Then, it will be around the financial sign. For your leasing to be granted, the applicant's file must comply with the legislation in force in terms of consumer credit. Your debt ratio will be studied during the feasibility study. Then, your borrowing capacity and your provisions. If you meet these criteria, you will get your car leased easily.
Also discover in our article how to lease a car in Luxembourg ?
