Private Leasing

What is private leasing?

This involves a leasing agreement between a private individual (lessee) and a leasing company or a bank (lessor). The lessee is granted the right to use the vehicle but does not gain ownership of it. Instead, they commit to paying regular monthly instalments over a set period, usually a minimum of two years.

The amount of these monthly payments is determined by several factors, including the length of the contract, the agreed annual mileage, and any initial down payment made. The payments cover the interest rate and the depreciation of the vehicle.