Lease vs buy
Which construction is suitable for your business?
Do you need a new company car, but don't know how to move forward? Is it worth buying the car or would you rather use it as part of an operational leasing service? When choosing between the two options, you have to consider several aspects. Let's look at the main differences between leasing and buying so you can make an informed decision.
Leasing or buying
If you are looking to get a new company vehicle, you have several options to choose from, but you need to decide whether to lease the car or buy it. Let's examine the most important differences between the two alternatives!
Initial costsLeasing Starting to lease a new car usually means a minimal upfront cost, when you can decide whether you want to pay a self-effort, which can also reduce the monthly fee for the service.
Buying Buying a car is a big expense when you have to pay the entire amount up front. All of this ties up your capital, which you cannot use for other purposes.
Financial predictabilityLeasing One of the most important advantages of leasing is that it provides financial predictability through fixed monthly fees, which include maintenance and other services associated with the operation of the car, so you can effectively plan your budget without unexpected expenses.
Buying If you own the car and you take care of its operation, a breakdown or damage can lead to unforeseen costs that make it difficult to plan your budget.
FlexibilityLeasing The leasing contract can be flexible depending on the term and mileage you need, and it is free from the risk of residual value, so you don't have to worry about the costs arising at the end of the term.
Buying If you own your car, you can sell it at any time, but you may have to take into account unexpected depreciation costs, as well as the risk of residual value at the end of use.
Option to upgrade to newer modelsLeasing The leasing scheme gives you the opportunity to get into a new car every 3-4 years and enjoy the latest technologies from car manufacturers.
Buying When buying a car, upgrading to a newer model usually involves selling the current vehicle, which typically happens less often and can be more time-consuming.
Day to day ease of useLeasing During the leasing contract, Ayvens keeps in touch with his colleagues, who take care of the administration, maintenance and servicing of the car. So you only have to concentrate on driving.
Buying If you own the car, you have to take care of all tasks related to car operation, and negotiating with service providers can be time-consuming and expensive.
Leasing FAQs
Are there any maintenance costs I'll need to pay for? If you have a full-service contract, the monthly fee includes general maintenance costs and replacement of wear and tear parts. We will inform you of any additional costs outside of the standard services before the work begins.Can I buy the vehicle at the end of my lease? At the end of the term, several options are available to you regarding continuation, including purchasing the car by the driver (Driver sales). We will discuss the options with you near the end of the rental agreement.How long can I lease a vehicle for? The term is flexible and can be adjusted to your needs, ranging from short-term agreements to multi-year leases. We help you choose the offer that suits your goals. If you are not sure how long you will need the car or if you want to try new models, we recommend our Ayvens FLEX service, as this option can be canceled at any time without penalty.What happens if I exceed the contracted mileage? If you exceed the contractual mileage, additional costs may apply. Predictability is one of the biggest advantages of the operational lease, so we will inform you in advance of any fees that may arise in this case.
Do you need help to decide?
Our expert colleagues are ready to help you find the right construction!
Contact us
