Long Term Rental Cars in Morocco
A more economical system, only in the short term
For example, a vehicle worth € 11,500, rented for 48 months will cost € 203 per month (49 monthly installments) to the borrower, when taking a car loan would cost him € 269 per month (48 monthly installments). On the other hand, at the end of the 48 months, the borrower will have to pay the sum of 4 100 € if he wishes to raise the option of purchase envisaged by his contract. In total, he would have more than 14 000 €, when the purchase of the vehicle would have cost him 12 900 €. If there is purchase, therefore, leasing is not always the best option. However, it generates less maintenance costs for the borrower (LOA contracts often include after-sales service) and also allows him to change vehicles regularly. It is therefore important for the client to have a good budget and to know in advance whether or not to buy the vehicle.
A "popular" solution, also for the dealer
People buy less, and rent more ... What is also the happiness of some dealers: "customers are forced to maintain their vehicle to stay in the nails of the contract, we recover cars over 5 years in excellent condition and which have lost less value, "says Yann Vas, head of used vehicle sales at Renault. After this seniority, the vehicles are no longer leased but only for sale. At the end of the day, leasing actually lowers the sales of both new and used vehicles, but it certainly makes this market more qualitative.
Long-term rental, what is it?
Access 100% local items from € 1 / month
Leasing with option to purchase (LOA) is a form of investment financing that first appeared in the 1970s and is increasingly spreading to the auto sector. It consists of the provision of capital equipment by a company against a periodic fee for a period determined by a contract. In other words, an individual can rent a car for a long time (up to 5 years depending on the dealer) against a monthly rent, with or without initial contribution. At the end of the contract, the person can decide whether to buy the vehicle permanently. This practice comes into competition with new or used car markets, since monthly leasing payments are generally lower than those of a consumer loan. However, a leasing contract includes many conditions since the customer is not the owner of the vehicle. For example, he will have additional costs if he exceeds the mileage stipulated by the contract, or if he decides to break the latter.
A more economical system, only in the short term
For example, a vehicle worth € 11,500, rented for 48 months will cost € 203 per month (49 monthly installments) to the borrower, when taking a car loan would cost him € 269 per month (48 monthly installments). On the other hand, at the end of the 48 months, the borrower will have to pay the sum of 4 100 € if he wishes to raise the option of purchase envisaged by his contract. In total, he would have more than 14 000 €, when the purchase of the vehicle would have cost him 12 900 €. If there is purchase, therefore, leasing is not always the best option. However, it generates less maintenance costs for the borrower (LOA contracts often include after-sales service) and also allows him to change vehicles regularly. It is therefore important for the client to have a good budget and to know in advance whether or not to buy the vehicle.A "popular" solution, also for the dealer
People buy less, and rent more ... What is also the happiness of some dealers: "customers are forced to maintain their vehicle to stay in the nails of the contract, we recover cars over 5 years in excellent condition and which have lost less value, "says Yann Vas, head of used vehicle sales at Renault. After this seniority, the vehicles are no longer leased but only for sale. At the end of the day, leasing actually lowers the sales of both new and used vehicles, but it certainly makes this market more qualitative.
Long-term rental, what is it?
Access 100% local items from € 1 / month
Leasing with option to purchase (LOA) is a form of investment financing that first appeared in the 1970s and is increasingly spreading to the auto sector. It consists of the provision of capital equipment by a company against a periodic fee for a period determined by a contract. In other words, an individual can rent a car for a long time (up to 5 years depending on the dealer) against a monthly rent, with or without initial contribution. At the end of the contract, the person can decide whether to buy the vehicle permanently. This practice comes into competition with new or used car markets, since monthly leasing payments are generally lower than those of a consumer loan. However, a leasing contract includes many conditions since the customer is not the owner of the vehicle. For example, he will have additional costs if he exceeds the mileage stipulated by the contract, or if he decides to break the latter.
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