How to find the best leasing deal for you

Before you start, it can be helpful to understand the basic terms in leasing:

Establishment cost: Some providers call the establishment cost an acquisition fee. Regardless, this is a one-time fee incurred when you enter into a leasing agreement. The cost covers various administrative expenses associated with setting up the lease, and in some cases, registration and transport costs.

Interest: This is the cost you pay to borrow money to lease the car. Even if you don't see an explicit interest rate stated in the lease contract, interest is an important component of the monthly lease payments.

Residual value: The value of the car at the end of the lease period.

Down payment: The amount you pay at the beginning of the lease to reduce the monthly payments.

To find the best deal, you should compare offers from multiple car dealers and leasing companies. Look at the total cost over the entire leasing period, not just the monthly payments. This is known as the Total Cost of Ownership (TCO). Also, be sure to check for any promotions that may be available. For example, Ayvens offers reduced prices on selected models during certain periods, providing you with favorable terms throughout the leasing period – always with a fixed interest rate.

Mileage: Most leasing agreements have a limit on how many kilometers you can drive per year. Make sure this fits your driving patterns. Exceeding the allowed kilometers can be costly. If you are a member of NAF, you benefit from what we call an "under-mileage rate," which means you get money back if you drive less than the specified amount! Learn more about the NAF Lease product through Ayvens, here. **

Maintenance and Wear**: Leasing agreements may have strict requirements regarding the condition of the vehicle upon return. Be aware of your maintenance responsibilities to avoid extra costs at the end of the leasing period. At Ayvens, NAF always conducts the assessment and prepares the condition report. Ayvens also covers the cost of the assessment, so you as a customer simply receive a receipt for the returned car.

Make sure to understand all fees and charges included in the leasing agreement. This may include:

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  Acquisition fee: A fee for setting up the leasing agreement.
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  Early termination fee: Costs for ending the leasing agreement before the agreed term.
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  Delivery fee: Costs associated with returning the car at the end of the leasing period.
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  Insurance requirements: Some leasing companies require specific insurance policies that can affect your costs.

Leasing can often be cheaper in the short term compared to buying a car, especially for newer models with high value. However, it’s important to consider the total cost of ownership, including maintenance, insurance, and any fees, to determine if leasing is the best financial decision for you in the long run.