Lease or buy?
Picking up a new car? Each time you feel the same rush of euphoria as when you first received your driving license.
Are you thinking about a private lease contract, but still wondering whether to buy the car yourself? On this page, we summarise the main differences between a Private Lease and buying your own car.
Driving should be fun, easy and affordable. You need to be free to enjoy yourself and drive around without worrying. So which is the better option today: buying or leasing a car? Of course, this depends to some extent on your situation.
Do you enjoy driving a fast sports car or do you drive a lot of kilometres? Then a Private Lease may not be the best solution for you. Do you need a practical car for commuting, shopping and fun trips with family and friends? Then a Private Lease is the best solution for you.
Selecting a car
Private Lease
You can configure the vehicle exactly how you want it. Stock and second-hand cars can also be available for quick delivery.
Buy
You can configure the vehicle exactly how you want it. Stock and second-hand cars can also be available for quick delivery.
Paying for the car
Private Lease
- You select the car, we buy the car, you rent it
- From then on, you will pay a fixed monthly amount with no financial surprises. This allows you to hold onto your savings or use them for something else
- You lease a car for a period of between 25 and 60 months
- When the contract expires? Then you simply change over to a new car
Buy
- You visit different dealers and/or individuals to get the best deal, and you may also negotiate on the price.
- Found a deal? Then you pay a lot of money in one go, without 100% certainty about your purchase or any possible additional costs
- Selling the car? This is always possible, but there is no guarantee of the residual value and you must put the vehicle on the second-hand market yourself.
While you are using the car
Private Lease
- From maintenance and changing summer tyres (and optionally winter tyres) to repairing unexpected damage: everything is arranged for you, even collecting your vehicle in the event of a breakdown. All you need to do yourself is schedule the maintenance appointments
- You always have a reliable new car without issues caused by wear and tear
- Services are included based on what you need
- The insurance (third-party liability insurance, legal assistance, driver’s insurance) for your car can be included in your contract if you wish
- You can contact our Service Centre if you have any questions
Buy
- You need to arrange your own insurance and find a reliable garage
- Breakdown or damage? This often means unexpected costs and, in the event of a claim, perhaps even an increase in the insurance premium – and all at your expense
- Any additional services are also at your expense
At the end of the contract
Private Lease
- You can immediately choose a new car if you wish
- You return the car to Arval. If you have ordered a new car, you can hand in your old car at the delivery dealership
Buy
- You must sell the car yourself on the second-hand market
- Then you need to reinvest in a new car
