What You Need to Know About Car Leasing in Spain and Auto Renting in Spain
Auto leasing in Spain, or long-term car lease Spain, seems to work differently from other countries in the world. As a matter of fact, you can save a lot of money by leasing your car in Spain when compared to buying your car in Spain. Almost all of my Spanish friends lease their cars and I have just jumped on the bandwagon. Banks offer some good plans, and Sabadell Car Leasing is one of the best.
The Main Benefits of Car Leasing in Spain
A friend of mine back in the UK leases her car, but she certainly does not enjoy the same benefits as I do with my car leasing plan in Spain. Her car leasing scheme in the UK seems more like a long-term payment plan to me. The differences are huge, and unlike my plan in Spain, I am not sure her plan saves her any money. The main benefit of leasing in a car in Spain is purely economical – it can save you money. On top of that, it takes the hassle out of car ownership.
What Companies Offer Car Leasing in Spain?
All of the big car manufacturers offer leasing schemes. When I first thought about leasing my car, I did take a look at them, but the benefits of leasing directly from a manufacturer were not great. Most of the plans did not include what my local bank could offer me. If you are considering a car leasing in Spain, your best option could be to turn to your local bank.
Auto Renting Plans From Banks in Spain
The vast majority of banks in Spain lease cars. Some of them have more extensive leasing fleets than others. I found my own bank, Banco Sabadell, had the best offers and a good range of cars. However, I the following banks can also help with your car leasing plan:
BankInter
BBVA
Bankia
Caixa
Banco Popular
You may also find regional cajas and banks have lease cars available, and you can pick up special deals if you need a commercial vehicle.
What Made Me Lease My Car? Car Leasing vs Buying a Car in Spain
My car was getting a little bit old, and I sat down and worked out of how much it would cost me to buy a new one. To my surprise, a car loan would work out more expensive per month than a lease plan. Not only would I have to pay for the car, but I would also have to pay for servicing, ITV inspections after two years, tyres and insurance. When compared to my car lease plan from Banco Sabadell, it would not be cost effective.
How Much Do I Pay for My Auto Leasing Plan?
I pay 271 Euros per month for my car. It is a Kia Stonic with a one-liter engine. The purchase price of the car would have been around Euros 19.500. My two-year car lease plan will cost me Euros 6.504,00, and I think it is a good price.
What Dos my Spanish Auto Leasing Plant Include?
The plan I have with Banco Sabadell include more or less anything that you can think of when it comes to car ownership.
Tyres
Insurance
Warranty
Replacement car
ITV inspections if you keep your car over two years
All repairs
Servicing and Maintenance
Breakdowns
How Long Do Spanish Car Leasing Plans Last?
Most car leasing plans in Spain last for two years. After that, you hand your car back, and it is sold as a second-hand car. Buying a second-hand car in Span can be rather expensive, and perhaps this is one of the reasons why it is so expensive to buy a car in Spain.
What Documentation Do You Need to Lease Your Car in Spain?
First of all, I should point out that it is a good idea to turn to your own bank. However, other banks are also happy to help, but the process may take a little bit longer. You will also need to have the following to qualify for a car leasing scheme:
Last Year's tax return
Proof of Income
Credit Check
Sufficient Monthly Income
Your monthly repayment can be up to 30% of your total your expendable income. In other words, after you have paid all of your other bills, the bank will allow you to allocate 30% of your remaining outcome to your car leasing plan.
Once the contract has been completed, the rest is easy. You pick up your car from your local garage, or it is delivered to you. I picked up my car from my local Kia dealership, and to my surprise, it even had a personal license plate. Would I lease my next car? I most certainly would use the service again. I think that renting and leasing a car in Spain is an excellent option to consider before you buy a car.
The Main Benefits of Car Leasing in Spain
A friend of mine back in the UK leases her car, but she certainly does not enjoy the same benefits as I do with my car leasing plan in Spain. Her car leasing scheme in the UK seems more like a long-term payment plan to me. The differences are huge, and unlike my plan in Spain, I am not sure her plan saves her any money. The main benefit of leasing in a car in Spain is purely economical – it can save you money. On top of that, it takes the hassle out of car ownership.
What Companies Offer Car Leasing in Spain?
All of the big car manufacturers offer leasing schemes. When I first thought about leasing my car, I did take a look at them, but the benefits of leasing directly from a manufacturer were not great. Most of the plans did not include what my local bank could offer me. If you are considering a car leasing in Spain, your best option could be to turn to your local bank.
Auto Renting Plans From Banks in Spain
The vast majority of banks in Spain lease cars. Some of them have more extensive leasing fleets than others. I found my own bank, Banco Sabadell, had the best offers and a good range of cars. However, I the following banks can also help with your car leasing plan:
BankInter
BBVA
Bankia
Caixa
Banco Popular
You may also find regional cajas and banks have lease cars available, and you can pick up special deals if you need a commercial vehicle.
What Made Me Lease My Car? Car Leasing vs Buying a Car in Spain
My car was getting a little bit old, and I sat down and worked out of how much it would cost me to buy a new one. To my surprise, a car loan would work out more expensive per month than a lease plan. Not only would I have to pay for the car, but I would also have to pay for servicing, ITV inspections after two years, tyres and insurance. When compared to my car lease plan from Banco Sabadell, it would not be cost effective.
How Much Do I Pay for My Auto Leasing Plan?
I pay 271 Euros per month for my car. It is a Kia Stonic with a one-liter engine. The purchase price of the car would have been around Euros 19.500. My two-year car lease plan will cost me Euros 6.504,00, and I think it is a good price.
What Dos my Spanish Auto Leasing Plant Include?
The plan I have with Banco Sabadell include more or less anything that you can think of when it comes to car ownership.
Tyres
Insurance
Warranty
Replacement car
ITV inspections if you keep your car over two years
All repairs
Servicing and Maintenance
Breakdowns
How Long Do Spanish Car Leasing Plans Last?
Most car leasing plans in Spain last for two years. After that, you hand your car back, and it is sold as a second-hand car. Buying a second-hand car in Span can be rather expensive, and perhaps this is one of the reasons why it is so expensive to buy a car in Spain.
What Documentation Do You Need to Lease Your Car in Spain?
First of all, I should point out that it is a good idea to turn to your own bank. However, other banks are also happy to help, but the process may take a little bit longer. You will also need to have the following to qualify for a car leasing scheme:
Last Year's tax return
Proof of Income
Credit Check
Sufficient Monthly Income
Your monthly repayment can be up to 30% of your total your expendable income. In other words, after you have paid all of your other bills, the bank will allow you to allocate 30% of your remaining outcome to your car leasing plan.
Once the contract has been completed, the rest is easy. You pick up your car from your local garage, or it is delivered to you. I picked up my car from my local Kia dealership, and to my surprise, it even had a personal license plate. Would I lease my next car? I most certainly would use the service again. I think that renting and leasing a car in Spain is an excellent option to consider before you buy a car.
