Brand new a car is the dream of every driver. Advertising campaigns keep us up to date on the new technological features and the efficiency in consumption of the new models. Seductive options that in most cases can collide with your economic possibilities. But what if you could change your car as much as you like without having to assume the outlay of buying a new vehicle?
Car leasing is an alternative to the traditional forms of payment through financing or cash that, to a certain extent, is capable of cushioning an investment of this magnitude for your pocket. More and more specialized companies and financial institutions offer this service from which approximately 15% of drivers in Spain already benefit.
To enjoy a rental car, you must sign a commercial contract with the leasing company by which both parties determine the term and price for the temporary use of this real estate. It is an option accessible to individuals for which there are two contractual modalities according to your needs. On the one hand, there is fixed leasing, which implies a medium or long-term commitment in exchange for brand new the car and choosing the model and the different levels of benefits and extras.
Flexible leasing offers greater facilities for drivers. In this way, the company provides you with a car quickly, with the characteristics you choose, which you can return without penalties. You can agree on the duration of the contract with the company, from 1 month to 2 years, as well as the establishment of fixed or variable installments in quarterly or annual payments, depending on the use you have planned for the vehicle.
Having a rental car is a guarantee of savings for drivers, since it avoids the initial outlay involved in buying a new or second-hand vehicle. Within the amount of the pre-fixed installments are included the common expenses of maintenance, the repair or replacement of parts, as well as all-risk insurance. In addition, you can change vehicles according to your needs, since this modality facilitates access to models with state-of-the-art security systems and less polluting. At the end of the contract, you can hand over the car without further ado or renew it for another season.
On the other hand, depending on the conditions of the contract, as a driver you must continue to pay the ITV, municipal circulation taxes and also the non-deductible VAT included in the quotas. Keep in mind that you must act as a lessee and not as the owner of the car, which will limit you when making modifications or repairs on your own. You can only take it to those workshops with which the leasing company has an agreement and you will not be able to exceed the kilometer limit that you will declare to do while using the vehicle.
