As part of a rental plan, the consumer has an obligation to properly look after the leased property. If the goods are damaged by the consumer and returned to the owner or financial company, they are allowed to send the consumer a repair bill. Car Rental (HP) is a car finance plan. After paying a relatively low down payment, rent your car with the option to buy it until the end of the contract. Here are the facts you need to decide if a rental-sale contract might be the right car purchase option for you. 0% interest rate agreements are available by some lenders for brand new cars. You can also make your monthly payments more affordable by entering into an HP contract over longer periods (p.B four years instead of three). Since you re-enter the money over a long period of time, you pay more interest during the agreement, unless you have a 0% APR agreement that does not provide interest. Leasing contracts are financing options that allow you to buy your car through easy-to-manage monthly payments. You can pay a first deposit followed by fixed monthly payments. You don`t get surprising increases, so you can budget effectively. When the contract ends, you will own the car that paid the value of the car in its entirety. You won`t be able to make it.

However, you can partially replace it and update it for a new vehicle. The contract usually includes the condition that the goods do not belong to you until you have paid the last installment and the lender can take back the car if you fall back with the payments. The cost of a lease is the difference between the cash price of the leased goods and the full rental price. If the cash price of a car is 12,000 euros and the rental price is 17,000 euros, the rental purchase is 5,000 euros, i.e. the additional costs associated with renting the car (and perhaps at some point) instead of buying it directly in cash. The rental purchase is exactly what it looks like, a lease that gives you the ability to own the car at the end of the deal. These are usually fixed costs, i.e. the Annual Percentage Rate (RPA) is set before the contract begins. The loan period is also set – usually three to four years – and the financing contract is guaranteed against the purchase of the car, which means that lenders can be flexible in their offers. Some companies offer what is called a deposit dues – typically on pcp – and hire purchase-deals – where the seller pays something for your deposit. This is actually a discount and reduces the amount you have to pay.

Low interest rates or even 0% interest rate offers are also available for some cars.