Citroen Leasing Agreement
When you go to make use of Citroen Leasing, you will find that you have five payment types to choose from. Your business is unique and Citroen realizes this. They have found that flexibility is what their customers want and need and their lease options reflect this. Here are the five types for you to consider.
Business lease-This type of lease offer low monthly payments which do not change over the length of the loan. When the contract is up, you return the vehicle. Balloon rentals may also be chosen here. With this type of lease, you lower your monthly payments and then make one large payment before you turn the car in. This is based on the future anticipated value of the car. Choose a contract from one to four years in length and include maintenance costs if you wish to. Those who are VAT registered may also receive tax advantages when this option is chosen.
Contract hire-This comprehensive package allows you to drive the car you select at a low monthly rate. You are renting a car with this package rather than purchasing is and you don’t have to worry about depreciation. A maintenance contract may be chosen with this option and you can choose how long you wish to rent the car for. When your term is up, you return the car and walk away. The only time you would have to pay more is if you went above the agreed upon mileage or the car sustained more than normal wear and tear.
Elect 3 Pro-This option is perfect for those who would like to drive a new van, but need to keep the monthly payments low. In order to accomplish this, the minimum value of the van will be put into the agreement. This is known as the guaranteed future value. When your term is up, you can return the van, pay the GFV and keep the van or choose a new van to lease.
Hire Purchase-This option offered by Citroen Leasing allows you to make monthly payments to buy the car. This is financing at its simplest. By choosing this option, you determine the amount of the deposit as well as the length of the loan. In addition, the payments are VAT free.
Lease Purchase-Many choose this Citroen Leasing option as it is what they believe a lease to be. Here you determine how much of a deposit you would like to make as well as how long you wish to make payments. If you choose to take advantage of future anticipated value or a balloon rental, you can lower the payments even more. When the lease agreement is up, you make the balloon payment and the car belongs to you.
