Car leasing is an opportunity that professionals and companies can take advantage of to have a vehicle available for their profession at advantageous conditions. Leasing is in fact a type of contract that provides for the possibility of using a vehicle, paying a periodic fee, and possibly buying it at the end of the contract. However, leasing should not be confused with car rentals: we will explain the difference.
How does the leasing contract for vehicle work?
The applicant, said user , must first of all forward the request to a subject that deals with these services, called the grantor . For example, a company could use this form of contract to provide its employees or collaborators with a fleet of vehicles to be used for their professional activities. In this case, the user is the company itself, while the leasing company is the grantor, who turns to a supplier , from which he purchases the vehicles.
The one just described is the classic operation of financial leasing, the most widespread form of leasing
In the automotive sector, however, another possibility is also available, called operational leasing : the user directly addresses the vehicle manufacturer, without going through a specialized company. Unlike financial leasing, the operational one does however provide for shorter contracts and, usually, higher installments, because insurance and maintenance costs are often included.
Precisely these costs are the main difference between a financial lease and a long-term rental of a vehicle, two solutions that could appear very similar. In reality, long-term rental ensures the customer that the cost also includes maintenance, insurance and assistance costs. The payment of the periodic leasing fee does not include these cost items (unless it is the particular form of the operating lease).
However, the real difference between the two contractual forms is constituted by the fact that all forms of car leasing (financial and operational) allow the user to be able to purchase the vehicle at the end of the contract, by paying a predetermined fee that will be however lower than the market value of the asset. The rental, even in the long term, does not provide for the transfer of ownership. The leasing of used cars allows instead to adopt the procedure described of the financial lease also to vehicles that are not brand new.