Auto leasing. What is car leasing for individuals?

In the event that it is not possible to buy a car immediately for cash, individuals have to look for other ways to get what they want. Recently, the scheme of buying a car for leasing is gaining popularity.

For a long time, the possibility to use the leasing contract existed only for legal entities. At the moment, this way of acquiring a car becomes real for individuals.

Previously, citizens could quickly get a car at their disposal, only by buying or renting it. Now everyone has the opportunity to buy a car on credit or in leasing. The only difference is that under the loan agreement a person uses his own car, and under a leasing agreement - a vehicle leased from the lessor firm.

What is car leasing for individuals?

Let's consider this issue in more detail. To understand what a car leasing is for individuals, you should refer to the legislation. Federal Law No. 194 "On Financial Lease (Leasing)" proposes the following definition: it is a scheme in which the lessor assumes the obligation to buy in his possession the property indicated by the lessee (in our case, a car) from the seller chosen by him, Property in possession and use for a previously agreed payment with the right of subsequent repurchase. In the contract there is an opportunity to indicate that the choice of the seller and the acquired property can be carried out by the lessor.

Thus, the leasing agreement is three-sided. But the main actors, between whom there are long-term relationships, it is the lessor and the lessee. Previously, such an agreement was popular with legal entities and individual entrepreneurs, who used it to generate profits during the lease of a vehicle. Now it became convenient to use it for individuals.

Pros of leasing for individuals

Buying a car for leasing for individuals involves a number of advantages compared to other forms of acquisition with a deferred payment. Among the main positive points are the following:

• More loyal to the borrower than with car loans, often the credit history is not checked;
• A minimal package of documents is required for registration;
• Passing the vehicle inspection, its insurance, registration is carried out by the lessor (including the relevant costs);
• Leasing companies are not interested in the credit history of the lessee;
• More loyal loan conditions, including the possibility to receive a deferred payment or extend the contract if necessary;
• The opportunity at any time to abandon the car.

Disadvantages of buying a car for leasing

In addition to the advantages of buying a car for leasing, there are also drawbacks of such a scheme. And the disadvantages of leasing a car of individuals are usually much more interesting. After all, everyone wants to know what pitfalls can wait for such a deal. The disadvantages of leasing include the following:

1. An individual is not the owner of a car, but only uses it by proxy. The machine in this case belongs to the lessor.
2. An individual who leased a car can not in any way change anything in the vehicle, exploit it 100%. The lessor firm, by agreement, prohibits any actions, such as painting, traveling abroad, etc., on the collateral. In addition, periodically the lessee will need to appear to inspect the car in the office of its owner, as well as coordinate each action planned for the machine.
3. In the case of an accident or in the presence of problems with driving, the lessor company is entitled to apply penalties.

It turns out that in some cases it may be preferable to take a car loan, rather than to buy a car for leasing, for individuals.

Requirements for the lessee

There are a number of requirements for the lessee, which are made in almost all firms that lease cars for individuals:

• For registration of the contract it is necessary to have a driving license;
• The requirement of Russian citizenship and registration;
• There must be a permanent place of work and work experience, respectively, and a permanent income;
• The preferred age of an individual is 20-60 years.

The simplest requirement when concluding a leasing agreement will be the provision of a passport of a citizen of the Russian Federation and a driver's license. A certificate of permanent income is fully justified, since the lessor needs to be sure that he will receive the amount due to him. But the latter is insured against non-payment by the fact that the property belongs to him completely, up to the final calculation. Therefore, if payments cease to arrive, the car will be returned to the lessor, and the money paid before will be accounted for under the contract as payment for the lease.

Agreement conditions

Depending on the company with which the cooperation is carried out, the conditions under which the lease agreement of the car with the individual is drawn up may vary. Nevertheless, there are a number of points that are always taken into account.

Payment order

One of the important sections that everyone is interested in in the leasing agreement is the payment procedure and the terms for making payments. All schedules and conditions are determined by the leasing company itself, and it is up to it to decide what will be the terms of leasing for individuals to the car.

Most often, the time to buy a car is from two to five years. Naturally, the longer the period, the smaller the monthly payment. A schedule is agreed between the parties, according to which the lessee is obliged to pay the amount due.

Also, the contract indicates the possibility of early repayment of the car. This procedure will save some money. It should be attentive when signing the documents: often the lessor means in them fines for early cancellation.

Prepayment

The contract establishes the amount of prepayment, which can vary from 0% to 50%. The introduction of such a payment is advantageous because the larger the amount the lessee deposits in advance, the less he will subsequently have to pay each month. The minimum prepayment is beneficial for those who have little money to buy a car.

In addition to the above, there are other significant terms of the contract :

• The order of obtaining the machine;
• How will the vehicle be checked, the maintenance schedule is specified;
• Penalties for failure to comply with the terms of the contract;
• The procedure for car insurance.

Before taking the car for leasing, individuals should carefully study the terms of the contract. If you disagree with certain aspects of the document, you should immediately discuss them.

Lessor choice

You should observe some precautions when choosing a company to purchase a car for leasing. It is important to take a responsible approach to checking the firm with which the contract will be concluded.

The lessor must have a certain degree of trustworthiness and work in the market for a time. If such a company is part of a large holding company, this is an undoubted advantage.

A reliable organization has some list of supplier companies with which it operates. Also, it must provide leasing services to individuals and have free access for their services.

To understand whether a transaction is beneficial, it is important not only to know what a car leasing is for individuals, but also to choose the lessor correctly. To this end, you should collect the maximum amount of information about the companies that provide this service.

The leasing of cars in Minsk for individuals provides a huge number of organizations. How not to make a mistake with the choice, do not stumble on scammers? What to look for?

There are several rules that will help you choose a reliable lessor:

1. The company's experience can be estimated by how long it works in the market. It is this term that makes it possible to judge that the lessor is reliable enough and is not a one-day company.
2. The presence of a full Internet site at the organization is a sign of seriousness of intent. It is worthwhile to carefully study the resource. It is desirable that there was not only information about the organization, but also useful articles on the topic, the calculator of the preliminary calculation.
3. It is important to check the contacts for communication with the lessor. It is advisable that there should be a round-the-clock consultation. In the future, when an unusual situation arises, this can be very useful.
4. Until the conclusion of the agreement, the lessee must provide all necessary information (for example, a payment schedule), explain all incomprehensible points. On a mandatory basis, the client should be told where and on what terms the car will be serviced.
5. Having chosen the preferred lessor company, the buyer should study the reviews about it on the Internet. But do not blindly believe each of them. Very often reviews write to order the organization itself or its competitors. Usually, truthful opinions are written in plain language, without any understatement, with a specific description of the situation.

Stages of registration

The procedure for leasing cars for individuals usually involves the following stages:

1. There is a choice of the car.
2. The lessee applies to the lessor's company. At the same time, applications can be submitted to several companies.
3. Companies give their response to the application with a calculation of the cost and schedule of payment. That is, they make their proposal on a specific case. At this stage the lessee has the opportunity to choose the prices and terms.
4. Upon receipt of a positive decision, an individual visits the office of the company to complete the transaction.
5. The office regulates all disagreements, preparing a final version of the payment schedule and the amount of payments.
6. Prepayment is paid. Cash is transferred to the seller's account.
7. The car is registered in the ownership of a leasing company and transferred to the use of an individual.

Is car leasing acceptable for individuals?

The acquisition of a car in leasing is very beneficial and convenient for citizens who for various reasons do not want to appear in various documents as the owner of a vehicle. There may be several reasons for this. For example, not to divide it in divorce or to conceal property from bailiffs.

Many leasing companies have partners in expensive car sales outlets. Such salons provide their customers with pleasant discounts and bonuses.

If a citizen is going to buy a car that has already been in use, then there are some special moments. Of course, this type of car is much cheaper and by age of exploitation does not exceed 5-7 years. All maintenance, as in the case of a new car, is maintained at the expense of the lessor. And this is a big plus, since the lessee should not worry about how to replace this or that part.

In connection with the high cost of a truck for leasing for individuals also make out extremely profitable.

Leasing is also convenient for those who are accustomed to regularly change cars. At the end of the existing payments under the leasing agreement, the machine can remain in the full ownership of the lessor, and can become the property of the lessee. Leasing agreement, unlike a loan agreement, can be terminated much faster and easier. The citizen gets the opportunity to change cars more often without the time spent on resale.

Having thoroughly studied what is a car leasing for individuals and what are its features, everyone should draw conclusions for himself personally. The most convenient way to purchase a car depends on the specific situation and personal preferences of the consumer. Moreover, everyone can identify the advantages and disadvantages of such a scheme, which will manifest themselves precisely in his situation. It turns out that it is up to the consumer to decide whether to formalize leasing or not to do it. Let's note one: existence of similar ways of purchase of the car rescued many, and more than once.