It is totally possible to have a car on leasing in Romania. This practice is much simpler, essentially if you cannot afford to buy a car through car credit. In this text, we are going to inform you how to make a car leasing in Romania?
What is leasing?
Leasing is a contract to rent a car with the option to buy with or without prior contribution. The contract stipulates that the tenant must pay fixed monthly payments every month until the end of it. The duration is between 2 to 5 years depending on the type of vehicle and the conditions imposed by the lessors. Leasing has many advantages, mainly:
Leasing with option to buy allows you to drive cheaper with a better car. Then, the amount of the monthly payments corresponds to the reduction of the car over its rental period, and not the total price of the vehicle. This is not the case when buying a vehicle on auto credit.
When to buy the lease car?
In fact, there are certain clauses in a contract that allow early buy-back of the vehicle. This means that after the first 12 months of the lease, it is possible to buy back the car. To do this, you need to check the contract carefully.
In case of late payment, you will be penalized by the lessor. The amount of the penalties is listed in the appendix to the rental contract.
How to change the name of your gray card after buying the car on lease?
Note that the car leased is first in the name of the lessor, who is the direct owner of the car. So if you decide to buy the car, there are a few steps you need to take, including:
- By carrying out the classic procedures for changing the registration card holder. These can be done online through the website of the Secured Titles Agency. You can also go through approved service providers;
- This procedure must be done during the first month of acquisition to avoid paying fines;
Once these steps have been completed, you will receive:
- A file number;
- An acknowledgment justifying the registration of your request;
- A registration certificate.
Finally, the gray card will be delivered in envelopes to your address. The advantage of buying a car on lease is that once registered, you can resell the car and get a good price. The leasing contract concerns all motorized vehicles, in particular: motorcycles, cars, etc.
