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“One journey, different paths" - Buying, Leasing or Renting

3 min to readLeasePlan Studies
Are you buying a car? LeasePlan helps you understand which model is best for you - Buying, Leasing or Renting?
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"Should I invest my savings in a car? Will I still have the same need a year from now?" In order to help SME and Privates, LeasePlan's consultancy team has developed the study "One journey, different paths" - Buying, leasing or renting?, an exercise which analyzed the costs of use and described each management/acquisition model - buying, leasing or renting -, demystifying not only the elements to be taken into account for an effective financial comparison between the various models, but above all showing the advantages and disadvantages of each management model.

The uncertainty with which we are currently confronted often leads us to question whether what we usually do already is undoubtedly the best option to be taken. Not only companies, but also individuals, are increasingly facing needs that were not considered a priority a while ago, such as mobility, flexibility, and accessibility. These new challenges lead us to look for other options, to question the current options, and to analyze the various hypotheses that the market offers us.

In comparing the various management models, the study "One journey, different paths" - Buying, leasing or renting? presents five main conclusions:

At LeasePlan, we believe that we are differentiated by the consultative approach and quality of service that accompanies our offer. The study 'One journey, different paths' - Buying, leasing or renting? is another example of this, by answering a doubt that is increasingly present in the lives of the Portuguese, so that each can take an informed decision, transforming a complex analysis into an accessible format that focuses on identifying opportunities for cost reduction and optimization in a simple and clear way.

Ricardo SilvaLeasePlan's Commercial Director

But which is the most advantageous acquisition model after all? Buying, leasing or renting?

In the current context of uncertainty, renting is undoubtedly the model where contractual flexibility emerges as one of the most important criteria to be taken into account. The added value of being able, at any time, to adjust the vehicle to new needs or even terminate the contract early allows the customer not to mortgage his decisions and to enjoy a freedom that is difficult to find in other acquisition models.

But it is also obvious that each consumer values different issues, and therefore there is no single truth. Each customer will certainly have his or her own preference in his or her vehicle management model, based on his or her prioritization of needs.

Published at June 23, 2021
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June 23, 2021
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