Private lease: the ideal way to drive a new car?
Private lease is a form of lease where you have a new car at your disposal for a fixed monthly price for a certain period of time. You do not have to worry about the purchase, insurance, taxes and maintenance of the car. This is all taken care of by the leasing company.
Leasing offers a number of advantages over purchasing:
- Convenience: With private leasing, you no longer have to worry about the cost of your car. You pay a fixed amount each month, and that includes all costs.
- Flexibility: With private leasing, you are not tied to a car for the long term. You can easily switch to a new car after the lease period.
- Savings: In some cases, private leasing can be cheaper than buying a car. This is because leasing companies benefit from economies of scale.
- Freedom of choice: With a private lease, you have a wide choice of car models. So you can choose the car that suits you best.
What disadvantages does private leasing have?
- Payment obligation: With private leasing, you are bound by a lease contract for a certain period of time, such as 24 or 36 months. If you want to quit before the term of the contract, you have to pay a penalty.
- Mileage limitation: With private leases, there is often a mileage limitation. This means that you cannot drive more than a certain number of miles per year. If you drive more miles, you have to pay extra. In most cases, you pay a flat rate per multi-kilometer. This is clearly stated in your lease contract.
- BKR registration: if you go private leasing, you will face registration with the BKR. At least with most leasing companies. This is something to consider, though. The amount of the registration should be clearly communicated to you by the leasing company.
To choose or not to choose private leasing
Whether private lease is the best option for you depends on what’s important to you. Want to always drive a well-maintained car and know exactly what your monthly costs will be? Then private lease is a good option for you. Want more flexibility and not be tied to a lease? Then private lease may not be the best option for you.
Private lease is a great option for people who want to enjoy the comfort of a new car without worrying about the cost. The leasing company is responsible for maintenance and repairs, so you don’t have to worry about that.
Want to know if private leasing is the best option for you? Then contact a leasing company and ask for a quote. They can help you determine if private leasing is the right choice for your personal situation.
Tips for signing a private lease
If you decide to take out a private lease, there are a few tips you can follow:
- Compare several quotes: There are many different leasing companies operating in the market. By comparing several quotes, you can find the best deal.
- Pay attention to the term and mileage: The term of a private lease contract is usually quite long. Therefore, check carefully that the term and mileage meet your needs.
- Be critical about car choice: With private leasing, you don’t have just any car to choose from. Therefore, check carefully that the car meets your wants and needs.
- Look beyond just the price: for example, look closely at the terms and conditions surrounding the private lease contract. What about deductibles, but also, for example, early termination fees.
- Private Lease Hallmark: finally, see if a provider has the Private Lease Hallmark. As a consumer, this seal of approval gives you security in several ways.
And as always, pay close attention to private lease offers!