An attached car is undoubtedly a very convenient way that allows easy movement from place to place. However, many people today cannot purchase a new or used car for themselves – precisely for this reason, leasing transactions came to the car market, one of which is financial leasing. But what is financial leasing, and why can it be a good alternative to buying a car? All the details in the article in front of you.
What is financial leasing?
The word “leasing” comes from the word Leasing in English and means rent or lease. In the past, the term used to be used Financial leasing To distinguish it from operational leasing (leasing transactions intended for the business sector), however, today it is customary to use the term “private leasing” since there is no difference between the two. Financial leasing, or private leasing, is actually a transaction in which a customer receives a new vehicle for a period defined in advance, in exchange for convenient monthly payments. Financial leasing can be treated as a kind of long-term car rental, except that at the end of the lease period, the customer can decide whether he wants to purchase the car or continue to the next deal.
Financial leasing – only in a reliable company
Today in Israel there are many vehicle leasing companies. If you are considering a leasing transaction, we recommend that you contact only a professional, well-known and reliable leasing company, in order to assure yourself that you will indeed receive a quality vehicle under the conditions that suit you. Also, with a leading leasing company you can rest assured that you are making the most profitable, fair and convenient hire, according to the routes offered by each company.
A good alternative to buying a car
So why can financial leasing be a good alternative to buying a new car? First, this is a short-term deal. This is a significant advantage, because at the end of the lease period the customer does not have to deal with purchasing or selling matters and can simply exchange the vehicle for a new deal. In addition, the customer is not affected by the decrease in the value of the vehicle and the customer has no purchase obligation at the end of the period, so the customer can enjoy a new vehicle every few years. It is also possible to choose the vehicle model and its color from a variety of models offered by the various leasing companies, so that you choose which vehicle you will drive regardless of your financial ability.
Financial leasing – who can it suit?
Leasing transactions are suitable for anyone who wants to get around in a private attached vehicle and who does not have the financial possibility to purchase such a vehicle, whether it is new or used. Also, these transactions can also suit those who are interested in buying a car but the bank does not allow them to take a loan for that purpose. In leasing transactions, the terms of the transaction can be adjusted for each and every customer, so that it is a convenient and flexible transaction that can fit almost any pocket, and that does not require taking loans from the bank.
Another emphasis
If you are thinking of making a financing leasing transaction, you must take into account that the customer is the one who bears all the costs associated with the vehicle, such as fuel, car insurance , car maintenance, payment for travel on toll roads and more. Although the vehicle belongs to the insurance company until the end of the employment period, the responsibility for the vehicle rests with the customer.
In conclusion,
There is no real difference between private leasing and financial leasing, but nevertheless it is important to understand that the two are very different from operational leasing and are intended for the private sector. Undoubtedly, there are many advantages to leasing a car, and if you are interested in a leasing transaction, we recommend that you contact a well-known and reliable leasing company that will accompany you hand in hand on the way to a profitable and convenient transaction. Successfully!