The word "leasing" is derived from the English word "to lease". In the case of a basic lease, an asset or commodity is used for a limited period of time in return for payment. Often Vehicle finance leasing as an alternative to a car loan used. In companies, other equipment such as printers, copiers, fax machines and the like are also frequently leased. The leased equipment remains the property of the lessor until the end of the contract and can then be purchased at its residual value, if agreed. Companies can deduct the costs incurred from their taxes.
Definition of basic leasing
Basic leasing does not include the additional services of comfort leasing. With basic leasing, vehicles are leased with lower insurance coverage and less included service work. Also with Car leasing without Schufa basic leasing contracts are frequently offered.
However, you should make sure that your protection is not too limited in the basic lease. For example, some leasing providers do not offer accident insurance or fully comprehensive insurance in the basic lease. Maintenance work is also often only provided to a limited extent. It is therefore important that you check exactly which services are included in the basic lease and whether they meet your requirements. You should also compare whether it makes more sense to take out a basic lease or a comfort lease.
How basic leasing works
In the case of a basic lease, the purchased item remains the property of the lessor until the end of the contract and can then be purchased at its residual value, if agreed. Companies can deduct the costs incurred from their taxes. The lessee pays agreed monthly lease payments to the lessor.
In today's world, basic leasing is a good way to save financial resources for the purchase of a vehicle. For companies in particular, it is a good alternative to the traditional car loan. However, before concluding a leasing contract, one should inform oneself carefully and compare the conditions in detail, as this is a long-term contract. In addition, the scope of maintenance and insurance services in the contract should be checked.
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