What is car leasing?
Leasing is a modern and profitable financial instrument that is something between a rental and a loan. You receive a car for long-term use from a leasing company, paying monthly payments. At the end of the contract term, you can buy the car at its residual value, exchange it for a new one, or simply return it.
The main difference from a loan is that during the term of the contract, the car remains the property of the leasing company, which greatly simplifies the registration procedure and reduces the financial burden.
How does car leasing work?
The process of leasing a car at Autobiography is as simple and transparent as possible:
- Choosing a car: You choose any car from our catalog.
- Calculation and conditions: Together we determine the amount of the down payment (usually from 15%), the lease term (from 1 to 5 years) and draw up a convenient monthly payment schedule for you.
- Executing the contract: You provide a minimum package of documents (passport, TIN), and we quickly prepare the contract.
- Receiving the car: After signing the contract and paying the down payment, you receive the keys and drive away in your new car.
Key advantages of leasing
- Minimum first installment: The down payment is significantly lower than the first installment on a car loan.
- Comfortable monthly payments: You pay only for the use of the car, and not its entire cost, so the monthly payment is lower than with a loan.
- Tax benefits for business: For legal entities, leasing payments are considered expenses, which allows you to reduce income tax.
- Comprehensive service: Leasing payments often already include registration costs, comprehensive insurance and state fees.
- Flexibility: At the end of the term, you decide what to do with the car: buy it back, renew it or return it.
