How to calculate lease installments

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How to calculate installments so that they are beneficial for us? Such a question is asked by entrepreneurs who use a leasing calculator. Remember that the percentage sum that the calculator will show us is not everything. In business, what counts is flexibility of offer and use, not ownership. What counts is professional advice.

1. investment of funds

The basic principle will be one thing in business - if we can invest the funds of others and not our own. That's why leasing works best in the long term with a low own contribution. It is better to do so than to deprive oneself of financial liquidity or other investment opportunities.

It should be remembered that the purchase of a car is only to a certain extent an investment. If we use the car for private purposes, we should try to invest others' money and not our own by taking leasing.

Look for an installment, not a total cost

It is necessary to determine how many years we want to use the object of lease and to this we adjust the period. The car is supposed to make money for you and not you for the car. Therefore, it is better to lease for a longer period of time and have smaller installments but a certain financial cushion for other expenses for a worse period. It is worth noting that it is no coincidence in Western Europe that leasing consists mainly in using a car for a period of 3-4 years and then in returning it and concluding a new contract. Entrepreneurs know that a car loses its value and it does not make sense to repay it in full. It is better to pay back the honor for the lost value and then take a new one.

3. you do not necessarily have to pay the full value of

If someone can't afford to pay off freely, there's no point in looking for a 50 zloty cheaper lease. It is worth trying to increase the final value of the car. This can be done in standard leasing, but the most convenient and most advantageous will be in long-term rental. Then in some variants the lease installment may be much lower. There is also no problem with leasing for a longer period of time. In good leasing companies it will always be possible to terminate the contract earlier, both in the case of standard and large purchases.

4. take into account additional costs

The cost of leasing, according to the calculator's data, will be similar in different companies. Differences of the order of one percent on the cost of leasing should not be an argument for choosing a given company. It is worth considering factors such as additional payments, insurance costs, whether there will be GAP insurance, or the company gives the possibility of early purchase of a lease. It is also worth paying attention to how cooperation with leasing services looks like, whether the advisor will come to us, what experience he has. It will be easier to assess whether the cooperation will be successful.