Info Leasing
Currency
EUR Euro.................... 4,2403
GBP............................ 4,8287
The difference between leasing and credit
The difference between leasing and credit becomes obvious when we talk about rapidity, sparing the available money, related services (customs dues, registration and insurance) and last but not least, about the total cost of purchase of the financed goods.
A first difference between leasing and credit is represented by the time for analysis and approval of the financing request. If in the case of credit this process may take several weeks, for the leasing the application is solved in 48 hours.
If, in the case of leasing, the car is “rented”, being the property of the leasing company until the cease of the contract, in the case of credit, the moral wear is supported by the customer, being the owner of the car.
Customs services, operations of registration and insurance are in the charge of the leasing company. Following the existing protocols betweeen these companies and the insurance ones, the costs of these operations are lower than in the case of full payment or credit.
In the case of credit, the immediate repayment can be done when the customer has the necessary financial possibilities. For leasing, the reimbursement can be done after at least 12 months after the concluding of the contract.
Among the differences between the two types of financing is also the possibility of choosing, at the end of the lease, if the car goes into your possession, if you extend the lease period or if you give up the leasing contract.
