Buying a high-performance car requires a good budget that can be difficult to put together, especially for young buyers. Fortunately, several purchasing techniques under leasing contracts allow you to acquire the car of your dreams while not falling into the red or in debt. We are going to explain to you what leasing is and more specifically the LOAciting you moreover the 5 brands which offer the best advantages in this field, as well as the criteria to be taken into consideration in your choice.
What is LOA?
Before starting the definition of the LOA, you should know that it is a leasing contract. So what is leasing? Leasing is a process of rental or purchase of a used or new vehicle, with a payment system more accessible to small budgets. The principle is to pay monthly installments defined by a contract, for a long period of time, to ultimately become the owner or not of the vehicle. It’s a financing solution which greatly facilitates the purchase of your car.
Two leasing contracts are available in France. LLD, long-term rental, which consists of renting a car for a period ranging from from 1 to 5 years, by paying flexible monthly installments with or without contribution. The problem is that at the end of the contract, the vehicle does not belong to you. You can change the rental vehicle or opt for another method.
Then, let’s explain the subject that interests us: the LOA, or the rental contract with option to buy. Always over a period ranging from 1 to 5 years, you have the possibility of become owner of the car at the end of the contract by paying the residual value. The biggest advantage being reduced prices cars. The reductions can exceed 40%, in addition to the definition of the monthly payments in advance. You also have the option of changing the vehicle during the contract and reselling it after becoming the owner.
In any case, you can cancel your contract within a few days of signing. You benefit from several services monitoring and maintenance and you can take advantage of price reductions. The LOA is a solution that allows small budgets to acquire a quality car.
What are the 5 brands with the best LOA benefits?
Several car brands offer LOA contracts. Among those offering the best benefits, quote Citroën. You can also see all the Citroen leasing options with Agilauto, directly on the website. You have the choice of the desired model, enter your budget or monthly rent to obtain a list of vehicles that correspond to your request as well as their characteristics. Among the advantages offered by Citroën: a Unlimited mileageLOA insurance and additional insurance.
Other brands such as Renault or Peugeot offer their cars under a leasing contract. The advantage offered by the two French brands is flexibility in your choices. You can choose mileage desired year, the monthly budget and the duration of financing. Renault also offers, in addition to the LOA, the Switch Car system which allows you to opt for a thermal car during your long journeys. Peugeot also offers a manufacturer’s warranty for its new leased vehicles.
Two major luxury brands offer this simplified rental method. Indeed, Audi and Volkswagen are also thinking about small budgets and continue to offer them all the advantages mentioned above: manufacturer’s warranties, insurance in the event of an accident and vehicles High quality. Unlike leasing, Audi offers you its leasing system with the lowest credit rate. Volkswagen thinks of its customers individuals and professionals and offers options for everyone. In addition to all these benefits, you have free monitoring and maintenance for most car brands.
How to choose the brand that suits you?
In order to choose the brand that suits your needs, you should not only consider the benefits and services offered, but also car models and their characteristics: 4×4, sedan, city car or SUV. The choice depends only on your expectations. A fast and efficient car, a hybrid car that consumes less or a family vehicle that accompanies you on your journeys and trips…
We must take into account the performance of the car: engine, mileage, consumption, speed, interior comfort or exterior design. Especially now that car brands are in tough competition. Each offers more developed options than the other.
Must therefore compare agents and dealers who offer their leasing services. To do this, specialized sites make your job easier. You have all the necessary information about the services. All you have to do is choose the professional who will meet your needs and who will ensure your satisfaction!
Conclusion
To end on a note that summarizes the process, leasing and more particularly the rental contract with option to purchase (LOA), offer you an alternative to the standard purchase which requires a fairly high budget. You are free to pay your monthly payments by adapting to your monthly budget. You are also free to change vehicles in the event of a problem. You are insured, tracked and your car is maintained. In addition, you have a wide choice of vehicles from the biggest car brands.