The car loan with lease: advantages, financing, requirements, interest rates and durationCar Loan
The car loan with Leasing is a particular form of financing with rent that provides for the signing of a contract under which a financial institution buys a car and sells it for use to a company for a determined period of time. of signing the contract. For the use of the car, the company pays a fee, a sort of fee, which constitutes the monthly payment. At the end of the established lease, which constitutes the duration of the amortization plan, the company has the option of redeeming the car, becoming its owner, upon payment of a fee: a final maxi-trip.
The car loan with LEASING: THE RENTAL FEE
In the first phase of personal car leasing, the finance company buys a car, but not just any car. It is the company itself that requires the company to purchase a specific car based on its needs. In this way it is possible to choose a car of any price, without affecting the financial balance of the same company and being able to take advantage of the most convenient means for its own work activity.
To use the car, the company has only the obligation to pay a monthly sum of money, or the leasing fee, which according to the criteria of the personal loan, corresponds to a sort of monthly installment. The first amount of lease payment is usually higher (the initial maxirata) as it is the sum that must cover any insolvency situations on the part of the company that uses the car.
The car loan with lease allows the seller to immediately collect 100% of the value of the car and for this reason, during the phase of signing the loan contract and negotiating the maxi final installment to redeem the car at the end of the contract, it is also possible to obtain particularly convenient and personalized prices based on the number of cars purchased and the needs of the company.
The car loan with LEASING: WHO CHOOSES THE CAR?
The auto loan with leasing allows the car salesman not to sell the asset immediately but to pay a rent to use it : it is a sort of personal loan that allows the leasing company to obtain agreements from the car manufacturers that propose from time to time their price based on the number of cars, company name, etc.
By signing the car leasing personal loan agreement, the leasing company acquires ownership of the car. In the first phase of signing the contract, even before granting the lease, the company in question starts the preliminary investigation phase which allows the assessment of the possibility of regular payment and return of the entrusted capital. The car user, upon payment of the leasing fee, becomes directly responsible for the asset and at the end of the contract can decide whether to redeem it, paying the residual sum of the car, and become its owner.
Car loan with LEASING: 100% FINANCING
As mentioned above, the leasing company immediately collects 100% of the value of the asset that is loaned to the company for which it has purchased the car. thanks to this payment method it is possible to get prices on particularly affordable cars that are immediately paid. The car user, only at the end of the car leasing personal loan contract decides whether to redeem the car or not.
The car loan with LEASING: THE COSTS AND HOW TO CHARGE THE EXPENSES
In the personal car loan contract with leasing, the purchased good is not accounted for in the balance sheet of the user and does not have to pay VAT on the asset, but only the VAT on the monthly fee, monthly or less. Also in this case, the same leasing fee is 100% deductible for the entire duration of the contract, allowing the purchase costs of the car to be amortized with a reduced timing. To summarize and better understand, also observe the following table:
|COSTS AUTO LOAN WITH LEASING||COSTS NOT DUE IN THE AUTO LEASING LOAN||DEDUCTION OF EXPENSES IN THE AUTO LEASING LOAN|
|VAT ON THE LEASING FEE||GOOD IS NOT ACCOUNTED IN THE COMPANY’S BUDGET THAT USES IT||100% DEDUCTIBLE LEASING FEE|
|VAT ON GOOD|
The car loan with LEASING: BECOME OWNERS OF THE CAR
The company that buys a car with a personal car leasing contract becomes a direct owner only if it wishes, at the end of the depreciation plan established during the stiupla phase, and only through the payment of the remaining or missing sum to cover the 100 % of the sum of the car calculated in the first phase of signing the contract. This means that the price of the car has already been determined and the company that used the car up to that time, if it wants to become its owner, must pay a sum of money until it reaches the total amount established.
The car, even if used by the company that pays the leasing fee, remains the property of the company that purchased it for the duration of the contract and until the company decides whether or not to redeem it. This particular feature of the car loan with lease is particularly convenient in the case of goods subject to wear, such as cars, which, following a malfunction or wear due to time, may also not be redeemed at the end of the contract and sign another lease.
The car loan with LEASING: LIMITI
The auto loan with leasing has numerous advantages for companies that also need numerous cars for their employees, as there is the possibility of paying a fee less expensive than buying several machines at the same time; moreover, the particular solution makes it possible not to redeem the car in case of wear and to buy / pay the rent always for new cars.
Despite this, even this type of personal loan has its limits: until the natural expiry of the leasing contract, and only following redemption, the asset / car cannot be sold or rented. This means that the car is really only for rent and the user has no direct access to the good. He acquires only the possibility of having a sort of car loan and a loan to be able to use the car and redeem it but nothing more.
The car loan with LEASING: FOR SUMMARY
With the car leasing purchase method you can get the car you want without cost problems. The total price of the asset is financed in full and for companies particularly convenient, as we have noted previously. When paying the leasing fee, the direct user can also request to change the amount or pay the fee to be paid in advance, starting the procedures to have ownership of the car through redemption.
To summarize the general characteristics of the car loan with lease, also observe the following table which summarizes the different 5 phases of the subscription of this type of loan with rent, starting from the choice of the car up to the moment in which the company user of the property becomes the direct owner of the property upon payment of the remaining sum at the total price deducts the amounts of the fees paid :
|LOAN AUTO LOAN||OPERATION AND CRITERIA OF ACCESS TO THE AUTO-LEARNING CREDIT|
|FIRST PHASE||THE FINANCIAL COMPANY PURCHASES A SELF-CHOSEN PRODUCT BY WHO SHOULD USE IT|
|SECOND PHASE||PHASE OF INSTRUCTURE IN WHICH THE POSSIBILITY OF SETTING THE PAYMENT OF THE LEASING FEE IS ASSESSED|
|THIRD PHASE||THE COMPREHENSIVE PRICE OF THE CAR AND THE LEASING FEE IS ESTABLISHED|
|FOURTH STAGE||THE FINANCIAL COMPANY SELLS THE USE OF THE CAR BEING PAYED FOR A LEASING FEE FOR A CERTAIN PERIOD OF TIME:
|FIFTH PHASE||AT THE END OF THE DURATION OF THE REFUND PLAN WITH LEASING FEE YOU CAN BECOME OWNERS OF THE CAR BEHIND THE PAYMENT OF THE RESIDUAL SUM ESTABLISHED IN THE CONTRACTUAL|