How to Lease a Car and Get Approved on the First Try?

Under the leasing program, you can get the vehicle you want from the showroom or the company's fleet for a term of a year and a half or more. Before leasing a car, it's worth clearly defining your needs and financial capabilities, contacting a company representative, and agreeing on all stages of cooperation.

Let's look at the specifics of getting a car on lease.

How does car leasing work, and who benefits from it?

If you need a vehicle right now but don't have the funds available to purchase it, it's worth considering offers from Avis Ukraine. To determine whether it's more beneficial to lease or rent a car, you need to analyze how intensively you'll be using it in the future:

• if you need the car for a few weeks or months, it's more beneficial to rent it for that period, for example, through the Avis Flex program (in this case, you won't even need to prove your solvency);
• if you'll be driving constantly, the cost per day of use will be lower under leasing terms.

Business owners usually find it more beneficial to lease a car, since insurance, taxes, and maintenance are all included in the monthly payment. And if the lessor announces the sale of cars after leasing, the business that previously used the vehicle will be first in line to purchase it at a favorable price.

How to lease a car: step-by-step instructions

To lease a car, you need to:

• choose a suitable model – this can be a new car from the showroom (vehicle financing) or any vehicle from the company's fleet;
• contact Avis Ukraine managers through the website or by phone at +38 (067) 462 05 20 or 0 800 305 303;
• provide basic documents;
• agree on the terms of the leasing contract;
• receive financing approval after your data has been reviewed;
• sign the contract;
• make the down payment.

After these steps, you can get car leasing in Ukraine from Avis for the term specified in the contract.

What documents are needed to lease a car?

The list of documents required for leasing is as follows:

• passport;
• driver's license;
• taxpayer identification number.

To verify solvency, the lessor will also need an income statement (for businesses – financial statements and information on the current balance).

How to get approved for car leasing on the first try?

Here are a few tips on how to lease a car successfully on your first attempt.

First and foremost, you need to pay careful attention to preparing your documents. For example, sole proprietors and legal entities must have founding documents, extracts from the State Register, tax declarations, and financial statements confirming a stable income.

When checking solvency, company representatives will pay attention to whether your monthly income exceeds the monthly payment specified in the contract, as well as your credit history.

It's worth noting that there are age restrictions: leasing applications are not accepted from individuals under the age of 21.

Rights and obligations of the parties under the leasing contract

You can review the general provisions of such a contract in the table below.

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It's worth noting that the rights and obligations of the parties under a leasing contract vary in each specific case, since such agreements are concluded according to individual offers.

FAQ

How can I lease a car quickly and without unnecessary hassle?

You need to call 0 800 305 303 or +38 (067) 462 05 20, provide a package of basic documents, and agree on a preliminary version of the leasing contract. Documents are signed after they've been approved by the credit committee.

How can I lease a car without a large initial down payment?

You should choose economy leasing from Avis Ukraine, which allows you to use a used vehicle from the company's fleet under flexible payment terms.

Which is more beneficial: leasing a car or getting a car loan?

Leasing is more beneficial: the down payment is smaller, and the company takes care of insurance, registration, technical inspection of the vehicle, and regular tire replacement. It's also important that no collateral is required, and it takes less time to get approved. So, in answer to the question of whether it's worthwhile to lease a car, the answer is yes.

What factors affect the approval of a leasing application?

Before leasing a car, make sure you have all the necessary documents, a positive credit history, and sufficient official income to cover the payments.

Is early buyout possible for a car that's currently being leased?

Yes, if this option is provided for in the terms of the contract.