Car Leasing in France explained for expats

Whether you have cleared your driving test or have been driving for years and want to opt for car leasing in France, most people are now leasing a car since the process has become more streamlined and hassle-free. Those new to car leasing may have many questions about how it works and what things to consider in getting the best deal. In this article, we will tell you the top tips you should keep in mind to get on the road without any hassle.

What is car leasing?

Car leasing is no different from rental cars France or anything else. For instance, if you rent a flat or house, you will have to pay the deposit and then you can live in it for an agreed amount of time which you will have to pay monthly rent. After the end of the contract, the property will return to its original landlord. Similarly, in car leasing, you will not own the vehicle, and when the deal ends, the car will go back to the finance company. The vehicle is inspected, and similar to the property, you will have to pay for the damages you may have caused, although normal wear and tear is acceptable. You will also face extra charges if you exceed the agreed annual mileage.

Tips to consider when leasing a car

Many car leasing deals will offer you the chance to take out the maintenance package for the additional cost per month that will cover you for most of the repairs. Following are the tips to keep in mind to avoid any extra charges at the end of the agreement.

Choose an Approved Company: renting a car in France is an essential commitment that gives you the burden of a brand-new vehicle for at least a few years. Hence, the leasing company and provider supplying you with the car should be FCA approved. Before placing any large deposit for a leased car, research online and read their reviews.

Opt For GAP insurance: GAP insurance is also called Guaranteed Asset Protection which is optional, the cover which settles any outstanding finances pending on the leased car in case the vehicle is stolen. While your primary insurance will pay the car’s current market value at the time of theft or written-off, there is still the question of the remaining owed for the tenure. The prices for the GAP insurance differ on how long you want the policy to run for, the manufacturer, personal details, and the leased model car. However, the general cost will be much lesser for the specialist provider than the dealership.

Investigate: when getting a car leasing in France, it will be decided how many miles you will put on the clock of the car, which is an essential bit of the leasing process. Being as honest with the miles you drive each year will mean that you can avoid any extra charges from the leasing company. Although it can be challenging to calculate the miles you will cover in a year, there is also a basic formula to which you can stick that will provide you with an accurate representation.

Consider Your Budget: knowing how much you can spend in a month on the car lease will help you choose the type of car, and you will get much less stress on the monthly payments. You will have to consider the initial payment price, insurance costs, and fuels.