The leasing guide will give you a crash course in everything you need to know if you are a novice to leasing, but would still like to take a closer look at the options it provides.
General information on the topic of leasing
It seems we have tickled your interest in the topic of leasing. Now you are looking for further information about this kind of mobility solution?
Besides an explanation of the underlying concept behind leasing, this section lets you see the actual benefits that leasing can offer you as a corporate customer.
Leasing dictionary – a beginner’s guide to all terms from A to Z
The leasing business is full of technical terms that are not immediately clear and need a little explanation for people who are new to the subject.
Here you will find a dictionary with explanations of the most important terms to make sure you understand everything there is to know about leasing.
FAQ on leasing, and their answers
“Can I configure my own leasing vehicle or do I have to take a predefined model?” “Who owns the leased vehicle?”
Customers frequently approach us with their questions in our daily routine. Which is why we would like to provide answers here for anyone that is interested.
What is leasing?
The ABC of leasing
A leasing contract is an atypical rental contract. The remuneration payable by the lessor represents the consideration afforded for the right to use the leasing asset.
The leasing asset remains the property of the lessor.
Reasons why operational leasing is so attractive
What are the benefits of leasing compared with other forms of financing?
Maintaining liquidity
Your leasing provider finances the vehicle. You merely pay a low monthly installment to cover actual use.
Off-balance sheet
The Lessee is not required to report the leasing asset in their balance sheets.
Predictability
The leasing payments and contractual period are clear from the start and remain constant over the entire term. As a customer, this helps you avoid unexpected costs, especially regarding maintenance & wear as you pay flat rates for services.
Price advantage
SIXT Leasing has a strong market position and our long-standing supplier relationships provide us with special discounts that we are happy to pass on to you, the customer.
Substantial flexibility
You can return the vehicle at the end of the contract period or, alternatively, you can buy it under law provisions or extend the contract. Of course, you could also select a new vehicle.
No remarketing risk
The leasing provider usually carries the residual value risk in standard operate lease contracts, which means that the lessor is responsible for remarketing the vehicle at the end of the contract. All you have to do is simply return the vehicle.
Leasing FAQ
We have tickled your interest in vehicle leasing, but you still have a few definite questions on how things work at SIXT Leasing? In this section, we have put together our clearest answers to the most frequently asked questions. This should help you understand.
Who owns the leased vehicle?
SIXT Leasing is the lessor and remains the owner of the vehicle you configure. As the lessee, you are given rights of use to the leasing vehicle for a defined period.
What insurance is needed for a leasing vehicle?
There is no difference here to paying cash for a new vehicle. It is always sensible to conclude a comprehensive insurance policy. This is why SIXT Leasing –requires insurance with comprehensive coverage.
Do I have a free choice of car manufacturers?
SIXT Leasing is a vendor-neutral leasing company. We offer the full range of car manufacturers and provide you with entirely unbiased assistance. This ensures you stay as flexible as possible when choosing your preferred vehicle.
Can I configure my leasing vehicle individually?
Leasing vehicles are new, which means that you or your users have free choice of personalizing it (paint, upholstery, accessories and special features). This means you do not have to pick a standard model. You are entirely flexible, as if you were buying the vehicle yourself.
Which data must I submit to SIXT Leasing for the credit rating check?
For the credit rating we need:
- a recent Certificate (Excerpt) issued, not earlier than 30 (thirty) calendar days prior the signing date of this Agreement by the competent Trade Registry where the Lessee is incorporated
- the annual and semestrial financial statements (the Balance Sheet and P&L account) for the fiscal year ended prior the signing date of this Agreement, duly registered with the competent Tax Authorities
- the last trial balance for current year duly signed and stamped by Lessee’s authorized representative
- a Fiscal Certificate issued by the competent Tax Authority
What delivery times can I expect?
Delivery times depend on the manufacturer and your selected model. Delivery times may also vary based on whether you select an entirely new vehicle or a stock model.
Will SIXT Leasing provide a vehicle until my own one is delivered?
We are happy to provide a so-called pre-leasing (bridging) vehicle to private customers to make sure you remain mobile and independent until your vehicle is delivered.
Where can I have the leasing vehicles serviced?
Each car requires regular and expert maintenance – your leased vehicle is no different. SIXT Leasing is happy to provide you with a replacement car, same car group with the permanent car ordered, for an unlimited period as long as your own vehicle remains in the garage.
What must I do if my vehicle breaks down?
Simply call our 24h assistance if your vehicle breaks down (021 9400). Our CRM department is on duty to help you. We are happy to provide a replacement vehicle if your own vehicle is immobilized.
What happens at the end of my leasing contract?
Returning the vehicle is a somewhat touchy subject in car leasing. Cars suffer wear and tear like any other object. Lessees are only asked to pay for unreported damages when they return the vehicle. Simply: Returning the vehicle will not be an unpleasant surprise.
Do you have any other questions?
Feel free to contact us directly if you have not found an answer to your question here. Our team would be pleased to hear from you. Send an e-mail at: crm@sixt.ro
