The cost of leasing a car may be the first thing that makes you think twice about taking up this service. So, in this post we want to clear up all your doubts.
What does leasing a car involve?
Leasing is a long-term rental contract for a vehicle. Unlike buying a car, leasing can include a series of additional services such as maintenance, insurance, tire changes and, in some cases, roadside assistance. This allows you to enjoy a new or pre-owned car without worrying about the unforeseen expenses that often accompany vehicle ownership.
Factors that influence the cost of leasing
These are the most significant factors that can influence the car you are looking to lease:
- The model: high-end or premium cars have a higher leasing cost compared to mid-range or low-end vehicles, as you can imagine.
- Contract duration: leasing contracts are usually between 24 and 60 months. The monthly costs may be lower for longer terms, but you will pay more over the total duration of the contract.
- Annual mileage: the more you drive, the higher the cost of the lease.
- Services included: if you want to drive with maintenance, insurance, roadside assistance and so on, the monthly price will be higher.
- Age of the vehicle: new cars tend to have a higher leasing cost than pre-owned or second-hand vehicles.
What is the average cost of leasing a car?
As we have seen, this is not something that can be exactly pinned down. However, to give you a rough idea:
- Small and urban cars: the cost usually ranges between 200 and 350 euros per month.
- Mid-range cars: a mid-range vehicle, such as a sedan or an SUV can cost between 350 and 600 euros per month.
- High-end cars: Luxury or premium cars can have a leasing cost of between 600 and 1,200 euros per month or even more, depending on the model and any additional services included.
Advantages of leasing a car
Leasing a car offers several benefits, especially for those who prefer comfort and want to avoid any costly and unwanted surprises. Here are some of the main advantages:
- Fixed costs: by opting to lease, you will pay a fixed monthly payment that includes all car-related expenses. This way, you won't have to worry about any nasty surprises like maintenance or insurance costs.
- No depreciation: By not owning the car you will be driving; you won't have to worry about the depreciation of the vehicle. This can come as a big relief, especially for high-end cars.
- Flexibility: keep in mind that, at the end of the contract, you can choose to change to a newer model or even a different type of vehicle to suit your changing needs at any time.
- Services included: many leasing contracts include services such as maintenance, tire changes, comprehensive insurance and roadside assistance, which simplifies vehicle management. Indirectly, you will be able to save a lot of money.
Tips to reduce the cost of a lease
If you've decided that leasing is the option for you, here are some tips to help you lighten your car leasing costs to make it a much more attractive option.
Look for a bargain: most companies always have a car on offer that is highly recommended. If you want to save money and simply find the right level of functionality, this option is perfect. We have several leasing offers for you.
Choose a car that suits your needs: opt for a model that fits your daily use and does not have unnecessary extras that will only increase the cost. Think carefully about what you need and look for the vehicle that best suits you.
Think about mileage: if you know you won't be driving a lot, choose a lower mileage limit to reduce your monthly payment. You will see that this makes your contract a much more attractive proposition.
Consider the length of the contract: a longer contract may have a lower monthly fee, so it is always smarter to think about this type of solution in the long run. As a result, the overall calculation will be more favorable.
Now you know how leasing a car works and the cost with OK Mobility. If you would like to finally have this convenient option, we can help you find the perfect offer for you!
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