Private leasing

Under classic leasing, you rent a car on a long-term basis. You lease the car from a leasing company, which owns and has also paid for the car. The invoice is therefore in the name of the leasing company. The leasing company arranges for the insurance, pays the TES (Tax on Entry into Service) and has the car registered in its own name. You are a lessee and are permitted to use the car, which is the property of the leasing company. Require repairs or maintenance? The leasing company will bear the cost.

Under private leases, 99% of the cars are returned at the end of the contract. You may also buy the car, but this rarely happens. Do you still want to buy the car? Whether your contract is still running or has expired? Then the leasing company will calculate the acquisition price at the time of asking. You therefore do not know the price in advance. And then, as a lessee, you would have to have the car transferred to your name and pay TES again.

Cardoen Lease

As already explained, Cardoen Lease is not classic leasing. It is a combination of a Cardoen car loan and a Service+ maintenance contract. So you don't lease the car, but start paying it off immediately under your financing plan. This means that the invoice is in your name from the start, and you are therefore the car’s owner. The car will therefore be registered directly in your name.

The Service+ contract includes all repair and maintenance costs. You also have an extended warranty, free travel assistance, and extensive breakdown assistance. So you are only required to obtain your own fuel, insurance and to pay your annual road tax. You have 3 options when your contract ends:

• You can choose a new car
• You can retain your car. In that case you still pay 35% of the value.
• You can return your car to Cardoen. You pay nothing more after that.

We also determine the exact value of your car from the very start of the contract. So no unpleasant surprises if you want to buy the car at the end. You simply pay 35% of the agreed value.