Buying Guide to Leasing worthwhile for individuals? – What to consider when private leasing

Most company cars are leased. Because that has significant advantages for companies. However, leasing is profitable for private consumers? This shows our overview.

The monthly costs for leasing are low. Compared to the purchase in installments but the lessee acquires no ownership interest in the car
The monthly costs for leasing are low. Compared to the purchase in installments but the lessee acquires no ownership interest in the car

Source: picture alliance / dpa

Dusseldorf - car buyers pay for their new car mostly in cash or in installments. Leases as they are typical of a company car, there are only rare for individuals. Here, the rent on time at first seems attractive: The big purchase investment omitted, the monthly payments are manageable, and in the end you the car without much effort going again.

Ralf Scherfling of the Consumer North Rhine-Westphalia still believes that leasing is profitable in most cases only for companies. "For significant advantages such as tax deductibility or balance sheet neutrality does not apply to private individuals or play for them does not matter," he says. But freelancers and independent contractors who use their leased car, especially professionally, the rates can often also issue from the tax.

Cheap rates, but no claim of ownership

With leasing, the vehicle is rented for a predetermined period of time With leasing, the vehicle is rented for a predetermined period of time Source: picture alliance / dpa

In addition, individuals can benefit from the advantage of low monthly installments. Important to note here: "The lessee never attained the private lease ownership of the thing, but gets only a right of use granted, "said Constantin Hack from the Auto Club Europa (ACE)." Consumers need to realize that they ultimately compare apples and oranges, and the mere consideration of the monthly charge not meaningful, "says consumer advocate Scherfling so.

If you only want to use a car and do not have, thereby emphasizes comfort and low running costs, but can benefit from leasing. Because the difference in monthly payments is often considerably explains Marius Rechenbach the Working Group autobanks (AKA) "Since the lease, the purchase price of the vehicle does not have to be repaid, but only the depreciation of the vehicle, the amount of monthly lease payments is often almost half less than a rate of funding, "he says.

If you lease a car, it can also adjust to his wants and needs. "Individuals can use a freely configurable, new dream car in everyday life - with affordable monthly installments," says Constantin Hack. Through so-called service packages are often the insurance and maintenance costs of the monthly payment. For drivers who like to have all costs in mind and want to take care of little paperwork, Leasing offers several advantages. "Leasing is virtually the all-inclusive holiday in the cars," says Hack.

After the end of the contract term, the customer returns the car to the agreed residual value to the dealer and then - for example again via leasing - opt for a new vehicle. "The lessee must not after the end of the lease take care of the sale of the vehicle," says Rechbach from AKA. The vehicle residual value is calculated as a rule from the selected contract term and the kilometers per year.

Damage to leased vehicles can be expensive

Provides the leasing company when returning damage to the vehicle fixed, may subsequently come costs to the lessee Provides the leasing company when returning damage to the vehicle fixed, may subsequently come costs to the lessee Source: picture alliance / dpa

But just like a real all-inclusive vacation sometimes threaten surprises: During the term must be the Lessee otherwise take care of his car, as if it were his private car.

Otherwise there can be problems with the return depending on the leasing model, because the vehicle does not meet the contractual condition. Scratches or dents on vehicle and tire wear and the interior can be expensive to pay leasing companies often.

also will be determined by the contract often the mileage that the lessee may cumulatively drive. If it exceeds this, an additional payment is due. And a lease often can terminate prematurely. According to the ADAC, there is in some contracts but a special right, as in the case of theft. Because of such subtleties recommends that the automobile club to study leases before signing thoroughly.

Who wants to drive the car even after the end of the contract term, can the dealer also arrange a so-called right of purchase, the ADAC says. The consumers should be sure to give but writing. A verbal agreement is not legally binding and in case of dispute often hard to prove. In addition, such an agreement is always concluded between lessee and distributors that behind it leasing company is not involved. Does the dealer in the meantime into bankruptcy, so that the purchase option is no longer valid.

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