Everything you need to know about the final instalment when financing a company car

Car leasing is a popular way to drive a new car without having to pay the full purchase price up front. An important aspect of car leasing is the final payment. There are two sides to this: the financial aspects and the practical aspects. In this blog post, we’ll give you all the information you need to know about the final payment when leasing a car.

What is the final payment on a lease car?

The final payment is the amount you must pay at the end of the lease term. It is the difference between the residual value of the company car and its resale value.

How does the final instalment work when financing a company car?

The final payment works as follows: at the start of the lease term, an agreement is reached regarding the final payment. The amount of the final payment is offset against the monthly lease payments. It is important to bear this in mind when choosing a finance lease contract for your company car, as it can affect the total cost of the lease.

Use the trade-in value as the final instalment

There is another way to determine the final instalment: by using the trade-in value. This involves trading in your current car for the new company car you are going to lease. You can then use the trade-in value as the final payment. This allows you to reduce the final payment or even avoid paying any additional final payment at the end of the lease term. This means you’ll have more money left over to spend on the new company car.

Conclusion

In this blog post, we’ve explained what the final instalment is when financing a company car and how it works. We have also discussed how you can use the trade-in value as the final instalment. It is important to bear these aspects in mind when choosing a company car, so that you do not face any unpleasant surprises at the end of the lease term. It is advisable to look carefully at the various options and consult a specialist to determine what best suits your situation. It is important to make the right choice, so that you can enjoy your new company car without any worries.

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