3 min
If you're thinking of getting your dream car – whether new or second-hand – you'll no doubt soon be asking whether vehicle financing through a lease is right for you. After all, in addition to paying in cash or taking out a loan, leasing is just one of the possible options for buying a car.
The advantage of leasing is that you don't have to pay a large amount of money in one go. What's more, most leasing vehicles are also newer models that have either hardly been used or not used at all. As a result, these vehicles usually incur lower repair costs than older used vehicles. Another advantage is that you can accurately incorporate the monthly lease payments into your budget planning.
The following parameters must be considered when calculating your monthly lease payment:
Any other services included in your agreement also play a role (which payment protection insurance you select, for example). The lessor must also calculate the vehicle's loss in value in advance, and this depends, for example, on whether you buy a new or a used car. So there is no simple formula for all of these different parameters. First of all, you need to know the details of the lease agreement.
