Are you in Spain? Do you want to buy a new car, but you don't have enough money? Opt for an easy solution that is leasing. For Spaniards, find out how to lease a car in Spain?
How to lease?
You have two options for leasing:
- Long Term Rental or LLD;
- Rental with Option to Purchase.
These are two different options, because the LLD does not offer a purchase option, while the LOA allows it. Leasing is a contract that consists of renting a car for a defined period. It is a sale on credit, so you must pay monthly installments according to the terms of a contract. The lessor will then make sure that you really have the means to pay the fixed monthly payments. Here are the documents to provide for leasing:
- 3 payslips;
- CNI;
- Proof of address ;
- bank details;
- A guarantee check.
The clauses of a contract generally contain the following conditions:
- The contact details of the two parties: the lessor and the lessee;
- sureties;
- The description of the vehicle;
- The number of annual mileages;
- Monthly payments;
- The price of penalties: in the event of exceeding the authorized mileage, in the event of late payment of monthly installments;
- The duration of the payment;
- The purchase price of the vehicle;
- The withdrawal period.
Can the vehicles be redeemed in advance?
Leasing contracts allow the anticipation of the acquisition of a vehicle. However, this function is subject to a condition. You must have paid a certain amount of monthly payments between 12 and 18 months. In addition, the surrender value at the end of the contract is written into the contract. But, if the tenant has experienced a lot of delays, the amount to be paid will increase.
At the same time, it is also possible to resell the car at the end of the contract. Of course, if this option is authorized by the tenant. Therefore, if the charge is higher than the buyback value, you will get a very good price. Then, the lessor will give you a certificate of end of session to avoid registering the gray card in your name.
These articles might interest you:
- How to lease a car in Finland?
- How to lease a car in Poland?
- How to lease a car in Sweden?
- How to lease a car in Germany?
Hello
I am blocked in France for an LLD by a filing for an over-indebtedness, do you think that I can do it in Spain, how and what should be done?
Thank you Cdt LAMAZERE Alain
Hello, no idea afterwards if you are in over-indebtedness it may be the same in other countries which will still be more careful because they do not have the same laws.
If I buy the vehicle in Spain, can the monthly payments be made from my account in France?
Kan man lease en bil i Spanien som pensionist. Hvad er Ca de mdl. Afdrag
Hello, I work for Alucare, if you have a question don't hesitate to ask it on the Alucare discord: (link at the bottom of the site)