Whether out of necessity, or out of pure pleasure, acquiring a car is not always easy. The main difficulty: the immediate provision of funds to be able to benefit from the vehicle purchased. In recent years, however, there has been a financing system that has changed the situation: rental with purchase option (LOA). Contrary to what one might believe, LOA is also accessible on the second-hand market, particularly thanks to specialized platforms such as Vivacar.fr.
LOA: how does it work?
Rental with purchase option (LOA) comes in the form of a financing contract. So, like any other credit, it binds you and must be repaid.
This contract offers you the possibility of having a vehicle in return for a fixed amount, to be paid every month. It is in a way a rental system, but the difference with the long-term rental offered by certain dealers is that at the end of the contract, two options are available to you: buy the vehicle by exercising the option purchase price (set at the start of the contract based on several criteria such as mileage, rental period, make or model of the vehicle) or return it to the dealer, to move on to a new vehicle or not.
The LOA therefore constitutes a rather advantageous solution, both for individuals and professionals who wish to benefit from a vehicle without having to pay the entire amount at the time of purchase. Unlike a purchase by traditional credit, the LOA is more accessible and it offers a certain flexibility.
Choosing the right vehicle
To find the vehicle that suits you without having to tour all the dealerships, you can use specialized platforms like Vivacar.fr. Second-hand LOA is also the specialty of this site which currently offers more than 35,000 vehicles from dealers throughout France. For novices, the site also provides a nine-page guide, written by financing experts, to present the LOA system.
If you have a specific idea about the vehicle model, searching via Vivacar is extremely easy. On the home page, simply enter the model (or brand) and start the search. If you have a specific geographic area, you can also indicate it in order to target the results. When these are displayed, you also have the possibility of adding information (rent, contributions, rental duration, price of the vehicle, desired energy, type of gearbox, etc.) in order to be able to find the offer that will be the best. more suited to your needs, and above all to your repayment capacity.
If, on the contrary, you are one of those who want a car but don’t know which one, don’t panic, Vivacar has everything planned. The site offers the possibility of searching by rent and/or price. You just need to have an idea of the budget you want to put into the car. And if again you don’t know how to do it, you can estimate your budget by answering a series of questions. In its mission of advice and information, Vivacar goes even further by making purchasing guides available on its auto blog, blog.vivacar.fr. These guides, written by automotive experts, present a selection of vehicles highlighting different characteristics likely to interest buyers. All you have to do is compare and choose the model that suits you before starting your search.
