Rental with purchase option

Without unpleasant surprises: all the parameters of your contract and the amount of your investment are defined at the signature and are fixed during your commitment. By grouping all the costs related to your car (rental, warranty extension, maintenance) in your LOA contract, you spread your expenses, which allows you to have good control of your budget and a clear vision of your investment.

Auto leasing

The leasing car for rental with purchase option (LOA) is undoubtedly the formula that meets the greatest success with private motorists. Its operating mode is simple and safe. You choose the car you want (model, finish, motorization, etc.), you indicate the duration of your contract (24 to 60 months), the number of kilometers you think you are going (from 10,000 to 120,000 km on any duration) and the amount of your contribution, knowing that it is optional. From these freely defined criteria, you will get the amount of your monthly rent, which you can complete with a warranty extension and maintenance and assistance services. You will also immediately be aware of the residual value of your car at the end of the contract. The latter corresponds to the sum which you will have to pay if at the end of your auto leasing contract in loa you decide to keep your car. It’s not an obligation. With the LOA, you can also return the car to your lessor and possibly renew your contract with a new vehicle. Financial investment in a car is often complicated to master. At the purchase price you must add the maintenance and revision costs that will grow as the kilometers traveled. By choosing to finance your new or used car with a LOA, the amount of your all -inclusive rents (rental, warranty and maintenance costs) is defined when your contract is signed and will remain the same for the duration of your commitment. It is appreciable financial security.

Long -term rental

The long -term rental car lease (LLD) is based on the same principle as the LOA, with the difference that there is no purchase option and that at the end of your LLD contract restore your car. This is a pure rental and the criteria to define the amount of your rent are the same as for the LOA, namely the configuration of the car, the duration of your commitment, the estimated number of kilometers and the contribution, which is also optional. In the same way, you can complete your LLD contract with a warranty extension.

Leasing

Leasing is the professional counterpart of the LOA. This self -leasing formula is frequently used by companies and professionals to finance their car parks. The criteria determining the amount of the rent are the duration of the engagement, the contribution (always optional) and the optional guarantees. At the end of the contract, the Pro tenant can become the owner of his car (or his car fleet) by paying the residual value or returning it to the lessor. The only peculiarity that distinguishes leasing from the LOA concerns the destination of the contract: leasing only for professionals, LOA for individuals or even companies.

Rental with purchase option

And take advantage of our exceptional discount, make your choice among more 9000 models and 30 brands With or without the options.

Finance and roll

The principle is simple, Elite Auto finances the difference between the delivery price of the vehicle and the vehicle repurchase value:

With Elite Auto, you benefit from a significant discount on the price of the vehicle. Discounts can go up to 40%. You master your automotive budget.

You only pay the real cost of use of the vehicle, about 40 to 50% of its value over the duration of the contract. Financing without contribution of your vehicle.

Pleasure driving a new car.

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Rental with purchase option or LOA is car financing in leasing. Initially reserved for businesses, car leased extended to all motorists and the LOA, a financial product dedicated to the general public, quickly established itself as a credible alternative to traditional car credit.

Top of our brands in loa

What is the rental with the purchase option ?

Leasing in LOA is undoubtedly the most suitable formula for this beginning of the century. It meets new mobility standards and promotes the renewal of the car fleet by focusing more on the use than purchasing a car. The purchase of a LOA car is leasing funding for individuals which consists of renting a car for a determined period (from 24 to 60 months) and for a defined number of kilometers. LOA car rental with or without contribution is an all -inclusive financing solution. This means that you can pay the car rental and all the additional costs (guarantee extension, insurance contract, maintenance and driver assistance contract offered by the car agent). Your rental contract with purchase option offers you the possibility at the end of the commitment either to return your car to renew your contract with a new model, or to lift the purchase option and become owner by setting its residual value (buyout value). Note that for professionals, there is a funding solution suitable for company vehicles or utility vehicles, this is leasing.

LOA, freedom or constraint ?
The ideas received

Realated idea n ° 1
The LOA costs more than a conventional credit.
With the LOA you only pay for what you consume, the price you pay per month is therefore defined according to your needs. The LOA offers a monthly cost much lower than a credit over the same duration and an identical contribution (example 36 months and 3,000 euros in contribution). You do not have a resale constraint of the vehicle at the end of your contract.

Missed idea n ° 2
At the end of the LOA, I have nothing left.
At the end of your LOA you have the choice, either you make the vehicle, or you buy it at the value of the forecast coast defined at the start of the contract, no unpleasant surprise !

Realated idea n ° 3
The repair costs are too high to return the vehicle.
The repair costs are not systematically applied as soon as the returned vehicle is in standard condition. When you sell your car or you would have it repaired or you would sell it cheaper.

Misconception n ° 4
I cannot change my contract.
You can change the duration and/or mileage of your contract, upwards and downwards, to adjust it to your use up to 3 times.

What are the advantages and disadvantages of the LOA ?

It is important to consider the advantages and disadvantages of auto financing for rental with option to purchase to be able to make a reasoned choice and also because a contract engages you. Discover the advantages and disadvantages of this mode of financing increasingly acclaimed by individuals.

The advantages of the LOA

Rental with purchase option is a formula adapted to the current automotive market. It guarantees you tailor -made, economical, safe and flexible funding, and allows you to keep up the innovation pace of manufacturers.
Custom: it is you who determine the duration of your rental with option to buy, the number of kilometers you think you are browsing, your contribution (optional), as well as the additional services subscribed for the maintenance of your car or the ‘Contract insurance. It is also you who at the end of the auto contract in loa decide whether or not to keep your car.

Without unpleasant surprises: all the parameters of your contract and the amount of your investment are defined at the signature and are fixed during your commitment. By grouping all the costs related to your car (rental, warranty extension, maintenance) in your LOA contract, you spread your expenses, which allows you to have good control of your budget and a clear vision of your investment.

Economic: the purchase of a car in LOA with or without contribution is often more economical than traditional credit because, to have an equivalent coverage, it is necessary to add an extension of the warranty and a maintenance contract. In the case of a car loan, these options are independent of the car, while the LOA finances an all -inclusive service. This different vision of mobility gives the advantage to car rental in LOA.

Flexible: flexibility is another LOA attribute. You will be able to modify your duration and mileage criteria during the contract to adapt them to your real use, without fear of overcharging in case of exceeding your kilometric package. The possibility of freely choosing to keep or return your car to your dealer gives your funding in LOA another significant competitive advantage vis-à-vis other more rigid formulas. This allows you to regularly change a car without having to worry about the resale of your old model.

The drawbacks of the LOA

Car rental in LOA can have certain drawbacks, such as:
– The payment of a higher first rent because it is increased by the security deposit.
– Overcharging kilometers beyond the initially defined package.
– Costs are billed in the event of early termination of a leasing loa.

Find out which loa is made for you