Car leasing

[olive]

I am thinking of chopping my car in for a newer one.

Never thought about it before but leasing might be the way forward. Anyone got experience or knowledge ?

Is it as simple as a percent non refundable deposit and so much a month for three years then you hand it back.assuming it isn’t damaged and you haven’t exceeded their annual mileage.

Who pays the insurance?

Is there an industry standard standard formula?

[costakid]

I am thinking of chopping my car in for a newer one.

Never thought about it before but leasing might be the way forward. Anyone got experience or knowledge ?

Is it as simple as a percent non refundable deposit and so much a month for three years then you hand it back.assuming it isn’t damaged and you haven’t exceeded their annual mileage.

Who pays the insurance?

Is there an industry standard standard formula?

In the uk Peugeot do a you "only pay for fuel deal", not sure if thats available in Spain. Normally you agree a rental term and annual milage and as long as the car is in good order you hand it back and either walk away or go again with a new car. Not sure it’s something I would go with in Spain as you never see a straight car and you could be up for some big costs on hand back if it’s knocked about. Exceeding the miles carries a cost of around 5p a mile in the uk.

[Enrique]

Hi olive,
Plenty of info on Web ..........until a Member that has done it sees your post.

https://www.leaseplan.com/en-es/private-lease/

https://www.expatride.com/blog/4983/spain/

https://groovyrelocation.com/car-leasing-in-spain/

[El Cid]

VW do a scheme called MyRenting which looks very flexible.

The other most common scheme is PCP (Personal Contract Purchase). 90% of private purchases in the UK use this. Pay a deposit up front then monthly payments for up to 4 years. At the end you pay the balance, give the car back or buy another. Most manufacturers offer this in Spain.

Sid

[olive]

Thanks for those links.

Had a good look at the VW renting site. Half the vehicles available I had never heard of. Gone are the days when one knew every car model on the road! Now you are doing well to know all the manufacturers.

I couldnt find a like for like swap. One lower powered and one much higher powered ( 70,000!). I like a well specc’d car but another problem is cars manufactured from July will be equipped with nanny state gadgets. I am not quite ready for that just yet.

Food for thought. Too much choice in our very consumer led society!

[Pamela1]

Just buy a second hand car, rather than leasing in Spain with the stress of parking and returning to seeing your car has been damaged.

[El Cid]

I couldnt find a like for like swap. One lower powered and one much higher powered ( 70,000!). I like a well specc’d car but another problem is cars manufactured from July will be equipped with nanny state gadgets. I am not quite ready for that just yet.
iety!

So what sort of car are you looking for?

What are these "nanny state" gadgets you are talking about - I thought that most of them were already standard.

Sid

[olive]

https://www.surinenglish.com/spain/new- ... 20-nt.html

DDD

ISA

Not too bothered about BAIID as drinking and driving dont really mix. Finally I am not too keen on cars being fitted with black boxes.

We have a reversing camera. Great gadget as an aid to driving but it went faulty. Talked to the dealer about it and he said “ ah we can change that for 603 euros. We have one in the spares dept and we had to do one last week”. The problem with all this clever tech is when ( and it will) itgoes faulty you have real problems. The camera sticking up after use actually stops you getting in the boot. Quite an inconvenience. I took it off and gave it a damn good clean and lubr and it works again.

All the interlocks are enough to drive a sane person mad. Pull up to throw a rock off the road and open the door and lean out and on comes the handbrake.

Have been looking at a Golf/Octavia/ Leon estate DSG 150CV plus.

[El Cid]

Almost all those items have been installed on cars for a long time. I bought SEAT Ateca 7 years ago and it had almost all of them. Our current VW is just over a year old and the only ones missing are the Alcocheck and the black box. Most of them can be disabled.

As for your choice of cars, I have had 3 VAG cars with that engine and gearbox option and it is one of the best choices you could make. Don't forget the Skoda Scala. If you opt to go down the SUV/Crossover route, VAG has a huge range of options.

Sid

[spanish_lad]

Have been looking at a Golf/Octavia/ Leon estate DSG 150CV plus.

if it might be of interest, servicing on the golf is 2x the price of servicing on the seat, even tho its the same engine / same parts 90% of the time - one of our drivers had a golf, found that out and swapped it for a seat leon fr.

if you are looking at leasing - you get everything. Insurance, tyres, brakes, servicing.. its all in the price. we used to have one for work, but it was about 500€ a month? (for a Ford Torneo)

[Lyric]

Is there a difference between 'Renting' and 'Leasing'

Is there an age limit ?

I am awaiting a Write off decision so contemplating.

[El Cid]

I posed that very simple question to an AI program - ChatGPT. Here is the very comprehensive answer - who needs Google!

Sid


In Spain, as in many other countries, car rental and car leasing serve different purposes and cater to different needs. Here’s a detailed breakdown of the differences between the two:

### Car Rental

**Duration**: Car rentals are typically short-term, ranging from a few hours to a few weeks. They are ideal for vacations, business trips, or temporary transportation needs.

**Cost**: The cost of renting a car includes a daily rate, which can be higher per day compared to leasing. The rental price often includes insurance, maintenance, and sometimes unlimited mileage.

**Flexibility**: Renting a car offers high flexibility. You can easily pick up and return the vehicle at various locations, making it convenient for short-term use.

**Variety**: Rental companies provide a wide range of vehicles, allowing you to choose a car that suits your immediate needs, whether it's a compact car for city driving or a larger vehicle for a family trip.

**Requirements**: Renting a car usually requires a valid driver's license, a credit card, and being of a certain age (often at least 21 or 25). International visitors might need an International Driving Permit (IDP) in addition to their home country license.

### Car Leasing

**Duration**: Car leasing is for longer-term use, generally from 1 to 5 years. It's similar to a long-term rental but structured more like a financing agreement.

**Cost**: Leasing involves monthly payments, which are typically lower than loan payments for buying a car. However, you may need to make a down payment or pay fees upfront. The lease agreement usually covers depreciation, taxes, and some maintenance.

**Commitment**: Leasing a car involves a contractual commitment for the duration of the lease term. Ending the lease early can incur significant penalties.

**Ownership**: Unlike buying a car, leasing does not grant you ownership. At the end of the lease term, you return the car to the leasing company. Some lease agreements offer the option to purchase the car at the end of the lease term.

**Mileage Limitations**: Lease agreements typically include mileage limits (e.g., 10,000 to 15,000 miles per year). Exceeding these limits can result in additional fees.

**Customization**: Leased cars cannot be easily customized as you do not own the vehicle. The car needs to be returned in good condition, considering normal wear and tear, as defined in the lease agreement.

**Suitability**: Leasing is ideal for those who prefer driving new cars every few years, want lower monthly payments, and do not want to deal with the long-term maintenance issues of older vehicles.

### Summary of Key Differences

| Feature | Car Rental | Car Leasing |
|-----------------|-------------------------------------|------------------------------------------|
| **Duration** | Short-term (hours to weeks) | Long-term (1 to 5 years) |
| **Cost** | Higher daily rates, includes extras | Lower monthly payments, possible down payment |
| **Flexibility** | High, easy to switch or return | Lower, early termination penalties |
| **Ownership** | None | None, option to buy at end |
| **Mileage** | Often unlimited | Limited, fees for excess mileage |
| **Variety** | Wide range available | Fixed car for the lease term |
| **Customization** | Not applicable | Limited, must return in good condition |
| **Ideal For** | Short trips, temporary needs | Long-term use, new car every few years |

### Conclusion

Choosing between car rental and car leasing in Spain depends on your needs. For short-term, flexible use, car rental is the way to go. For a longer-term solution with potentially lower monthly costs and the experience of driving a new car, leasing is more appropriate. Understanding these differences will help you make an informed decision based on your specific transportation needs.

[Lyric]

Well that answers that - thanks.