Auto Leasing individuals

To date, leasing is a way of buying a car. Bank.ru talk about how leasing works. In fact, leasing - a car rental with the possibility of redemption. Thus, the client leasing company enters into a contract with her, gets into the use of a car and a monthly pay for a loan. It would seem that the same scheme as with car loans, in fact, the difference is obvious. For example, when a person takes a car loan, car becomes the property of the borrower, as well as a deposit in a bank is only its PTAs. In the case of leasing a car is assigned to the lender and becomes the property of the customer only after he completely pay off the loan. On the one hand, this is a plus for the company's lender, which risks are significantly reduced, while on the other hand, can be frustrating to the borrower, which is before the expiry of the contract can not feel as full owner of the car. But it's more of a psychological factor. Meanwhile, often leasing offers lower rates than auto loans and connected it again with the fact that rental vehicle. In addition, auto leasing by individuals can help out those who do not meet the requirements of the bank. Thus, the leasing company is not always asked for an income statement, collateral or guarantee. Therefore, assuming these parameters become a client of the leasing organization much easier. How to apply? Your lease is quite simple. First, the client provides the minimum set of documents that's just usually includes: passport, driving license, TIN certificate from the employer stating the position (if any) and copies of agreements with key partners (and only if available). Then within a few days of one-company or a bank makes a decision. If the request is satisfied, the manager of the company and the borrower is entering the stage of negotiations, discussing the conditions of the lease agreement. If the negotiating sides come to a common denominator is a contract and perform all necessary actions to purchase a vehicle: made an initial payment of leasing, auto insurance is a contract, the machine is made in the ownership of the company and the borrower gets a vehicle for personal use. Features of leasing cars to individuals - typically lease provides for a fairly high initial contribution (at least 20-25% equity) - Loan period is considerably reduced compared with the same car loans (up to 5 years) - Spb Finance, which is paid for notarization lease a car, will cost the borrower more in 1% of the contract; Lenders leasing transactions may act as banks and investment companies. I must say that our country is the most popular car leasing and leasing of used cars. True, the magnitude of the "popularity" can hardly be compared with Western characteristics. And yet Leasing is one distinct advantage. So, legally, leasing is a rental and is included in the list of costs that are attributable to the cost. Expenditure on leased-deductible expense, including payments on bank interest and taxes.