What is car leasing in simple terms?
Leasing is one of the forms of financial services that is available to both legal entities and individuals. With its help, they purchase expensive goods: automotive or special equipment, equipment for enterprises, computers, real estate.
In simple terms, leasing is a long-term lease with a subsequent right to purchase.
On our website Vodi.su, we have already considered the main differences between leasing and credit and came to the conclusion that leasing is more profitable, especially for enterprises and legal entities. If we talk about the benefits for ordinary citizens, for example, when buying a car in this way, then it is also present, although minimal.
In Europe and the US, approximately 30 percent of all cars are purchased on lease, 30 to 60 percent on credit, and 40 percent for cash. In Russia, the statistics are completely different when it comes to the purchase of cars by individuals:
- the share of leasing is only 3 percent;
- 35-50% (depending on the region) - under various credit programs;
- 50 percent for cash.
What is the difference between leasing and rent and loan?
The differences between rental and leasing are minimal, the only difference is that the lease agreement is concluded for a certain period and after its expiration, the tenant is obliged to return the vehicle to the owner safe and sound.
The leasing agreement is also concluded for a certain period of time, but at the end of this period the property becomes the full property of the lessee. As long as the leasing agreement is valid, the formal owner of the vehicle is the lessor.
The advantage of leasing over a loan or a purchase is that by signing a loan agreement or paying the entire amount at once, you become a full-fledged owner of the property and are obliged to maintain it in working order yourself, register it in accordance with all the rules, purchase insurance policies for OSAGO and, if desired, for CASCO .
However, if you buy a car on leasing, then the lessor does all this. Your task is to regularly make the payments specified in the contract. If a person fails to fulfill his obligations, his property is confiscated and he must pay overdue payments and interest.
Leasing for legal entities
Today in Russia, leasing is most in demand among legal entities. There are a number of lessor companies in the country, they are intermediaries between the manufacturer of equipment and the end consumer. For example, if a young construction company needs to replenish its fleet with equipment - tower cranes, soil rollers or something else - then the best way is to draw up a leasing agreement.
The intermediary will contact a foreign or domestic manufacturer, purchase the necessary equipment and, under the terms of the contract, put it at the disposal of the lessee.
This puts forward a number of requirements:
- the period of activity of the enterprise on the market is not less than six months;
- recent positive balance.
That is, the lessee must be able to prove that his company will cope with its obligations. There are also different programs, but some of which require you to pay an initial fee, arrange collateral. However, there are also programs under which property is transferred without down payments and collateral.
The advantages of this form of acquisition are as follows:
- optimization of tax expenses - equipment is not listed on the balance sheet of the enterprise;
- accelerated depreciation - we have already talked about this on Vodi.su;
- quality assurance;
- insurance and registration - all this is done by the lessor.
Typically, a leasing agreement is concluded for 1-5 years, with an initial payment of 15 percent.
And of course, there is a leasing percentage, it is called the percentage of appreciation per year and can range from five to 15 percent per annum. However, there is a specificity here - the percentage of appreciation is reduced due to the correct redistribution of the repayment of the value of the property. That is, for the first year you need to pay, for example, 15%, for the second - 10%, for the third - 5%. In any case, experts will calculate everything so that both parties to the contract are satisfied.
Leasing for individuals
Ordinary citizens of Russia recently got the opportunity to purchase cars in this way.
There are two main types of leasing for individuals. persons:
- with the right to buy;
- without redemption.
The contract is concluded for a period of up to three years, while the buyer must confirm his solvency - bring a certificate of income, a tax return or a copy of the work book. To complete the contract, you must make an initial payment - from ten percent. In addition, the buyer can pay the full amount for the car in a shorter period, while no penalties will follow.
If a person does not plan to buy a vehicle at the residual value, then he pays a certain amount every month, and at the end of the contract, he can rent another car.
All associated costs - insurance and registration - are paid by the lessor, but they are included in the monthly installments. Fines, taxes and repairs are paid by the lessee. It is also worth noting that the cost of the car decreases annually and by the end of the contract (after 3 years) is usually no more than 80% of the original.
Typically, leasing is issued for cars, the cost of which exceeds 1 million rubles, as well as for trucks. If you buy budget cars, then you will not feel much difference between leasing and credit.
This video provides additional information about leasing and its legal framework.
Loading…
