Pros and cons of both forms of acquiring a vehicle

In everyone's everyday life, or rather in most of our working lives, a car is more of a necessity than a luxury. However, cars still create and leave us with a strong emotion. the emotion of buying one, the emotion of driving a new and smelling car, the emotion of loud favourite music coming out of good speakers or the emotion of soft seats or the ever more conveniences that cars offer us.

However, people's attitude towards car ownership itself is slowly but surely changing. A growing trend in the world is to use the car and not own it at all. The business sector is more likely to be the one that sets the trend, because it is often companies that are looking for ways to do things more efficiently and to save as much as possible on costs. However, private individuals are also stopping seeing cars as an asset and are starting to look at them as a service that brings utility and enjoyment, which is why rental companies are adapting to demand.

As an ordinary motorist, is renting profitable for you? It depends on your financial means and how important ownership is to you.

The primary 'advantage' of buying a car, if we can call it that, was the availability to individuals. It was one of the assets in your decision making, as you only needed a certain amount of cash and you were able to acquire the vehicle. Not long ago, rental or leasing companies did not have products designed for individuals, or were not attractive, and when you applied for a loan or finance lease, you could easily be turned down. The following table compares the financial indicators of vehicle acquisition.

Example. 1,0 Petrol/manual	Vehicle purchase - natural person	Vehicle purchase - medium-sized company	Vehicle lease
List price with VAT	23.940 €	23.940 €	23.940 €
Amount of discount	0 - 10 %	10 - 20 %	20 - 30 %
Average purchase price excluding VAT	22.743 €	20.349 €	17.955 €
Selling price excluding VAT after 3 years of ownership	17.955 €	9.980 €	X
Monthly cost of vehicle ownership excluding VAT	337,76 €	309,93 €	X
Monthly cost of insurance, servicing, tyres, fees, taxes, interest excluding VAT	209 €	202 €	154 €
Total monthly cost excluding VAT	546,76 €	511,93 €	456,50 €

We at Payless Car, however, have the door wide open for individuals as well. In addition to the financial savings, we offer you many other benefits that renting a car brings.

The rental fee you pay does not cover the entire purchase price of the vehicle, but you only pay depreciation, i.e. the difference between the purchase price and the residual value of the vehicle at the time of its return. In addition, the lessor will relieve you of the tedium of advertising and negotiating with potential buyers, as he will arrange the resale of the vehicle for you. Rental companies also have negotiated more favorable terms on vehicle purchases and insurance policies, thanks to years of cooperation and volumes, which they can further offer to the client. Included in your monthly rental fee is a package of services that includes vehicle tax, compulsory insurance, breakdown insurance, seasonal vehicle change, registration fee, vehicle de-registration, warranty service, roadside assistance, as well as pre-paid annual mileage. You simply lease a car with comprehensive care as well, and you can replace your fleet or vehicle on a regular basis. You don't have to worry about where to get winter tyres, where to go to change your car, how much you'll spend on registering your car, who you'll get your car insured with or whether you've forgotten to pay the tax.

Services included in the price	Purchase of the vehicle	Renting a vehicle
Registering the vehicle	NO	YES
PZP insurance	NO	YES
Accident insurance	NO	YES
Regular service maintenance	NO	YES
Tyres	NO	YES
Changing, storage	NO	YES
Vignette	NO	YES
Vehicle deregistration	NO	YES
Registration fees	NO	YES

The answer to the question of whether renting a car is more profitable is not always clear-cut. But if you want to spend time with work, family, business and relieve yourself from the administrative and manual tasks that are associated with buying a car, a carefree new car rental is the right choice for you.

The benefits of leasing:

Online booking process
Vehicles available immediately
Vehicle with no down payment of 20%
Also suitable for individuals
Termination of rental at any time
All services included in one rental fee
No burden on the balance sheet of the legal entity
Tax deductible expense up to 100% for a legal entity

IS TRADITIONAL OWNERSHIP OR LONG-TERM LEASE MORE PROFITABLE?