Leasing no money down:
SIXT+ car subscription as a flexible alternative
What is leasing and how does it work?
Leasing offers the freedom to drive a modern car without paying the full purchase price outright. Instead of paying a large sum all at once, you enter into a partnership with a leasing company and choose a contract term that suits your needs. You lease your desired vehicle at a fixed monthly rate that serves as part of your car financing and reflects the use of the vehicle over the agreed lease term.
At the end of the term you simply return the vehicle without having to worry about residual value or resale. This type of financing allows you to drive the latest models on a regular basis** while transferring risks such as depreciation to the leasing company. Thanks to various leasing types, you can flexibly structure the monthly installment and the duration of the contract and thus make the most of your financial leeway
What is zero leasing?
In addition to classic vehicle leasing, there is an alternative with no initial payment. These leasing offers are called zero leasing and enable the lessee to obtain the right car without a prior down payment or special payment at the beginning of the leasing contract. The usual down payment for leasing is spread over the monthly leasing installments.
This model significantly reduces the initial financial burden and facilitates access to a new car. The expected depreciation of the vehicle is spread evenly over the term of the contract, making zero leasing an attractive option for anyone looking for flexibility without high initial costs.
Sample calculation zero leasing
How to lease a car, no money down: Compare the cost differences with and without an initial payment. This example is about leasing a BMW 1 Series for private use.
With deposit | Without deposit | |
|---|---|---|
List price | List price 37.900$ | List price 37.900$ |
Term | Term 36 months | Term 36 months |
Mileage | Mileage 15.000 Miles | Mileage 15,000 Miles |
Optional down payment | Optional down payment 5000$ | Optional down payment 0$ |
Monthly leasing installment | Monthly leasing installment 327$ | Monthly leasing installment 478$ |
SIXT+ car subscription or leasing without down payment?
Lower start-up costs
Traditional leasing contracts often require a substantial special payment. Leasing without a down payment makes it possible to drive your dream car immediately and without any initial investment. You can choose your desired leasing vehicle from the leasing company without the usual financial burden.
Quick purchase
Leasing a new car without a down payment also means that you don't have to save up for a down payment. This is particularly advantageous if you need a vehicle quickly for professional or personal reasons, for example when changing jobs or moving house
No additional costs
With zero leasing, the total costs remain stable over the entire term. This makes monthly expenditure predictable. With leasing with a down payment, the monthly installments are determined by the amount of the special payment and can vary depending on the initial payment.
High flexibility
In contrast to leasing contracts, which often have fixed terms of 24, 48 or 60 months, the SIXT+ car subscription can be terminated on a monthly basis. For example, as a bridging vehicle, for commuters, employees in the probationary period, where the professional cooperation may end unexpectedly, a car subscription makes sense.
Fast availability
Leasing is often associated with longer waiting times until the vehicle is available. With SIXT+ Auto Abo, the selected vehicle is usually available within a few days. This speed is ideal for people who need a vehicle at short notice, whether as a bridging vehicle or for other urgent reasons.
Complete cost control
The SIXT+ car subscription offers clarity about costs incurred. Unlike leasing without a down payment, where additional costs for vehicle tax, insurance or repairs can arise, the monthly leasing rate for the SIXT+ car subscription includes all essential vehicle costs.
Disadvantages of leasing without a down payment
Higher monthly payment
Whereas the monthly installments for leasing with a down payment are based on the actual amount of the down payment, zero leasing requires greater financial leeway in the long term. The absence of a down payment is reflected in a higher rate for the vehicle lease.
Creditworthiness required
A strong credit rating is essential for leasing without a down payment. Since the security of a down payment is waived, the leasing company attaches great importance to the creditworthiness of the lessee. Meeting the creditworthiness criteria can prove difficult, especially for customers who cannot afford or do not want to make a large down payment.
Tax disadvantages
Tradespeople and employees have the option of declaring down payments made in their tax return. As there are no one-off payments for leasing without a down payment, the costs cannot be claimed as operating expenses or income-related expenses for tax purposes.
Who is zero leasing suitable for?
Good credit rating
Persons with a high credit rating
One-off payment desired
Private customers who do not wish to make a down payment
Low starting capital
Ideal for start-ups or founders
Alternative to leasing without a down payment
Discover the SIXT+ car subscription as a flexible alternative to leasing. Monthly cancelable, without long-term obligations and at a fixed price. So you can plan even better than with zero leasing.
SIXT+ car subscription or leasing without down payment?
Lower start-up costs
Traditional leasing contracts often require a substantial special payment. Leasing without a down payment makes it possible to drive your dream car immediately and without any initial investment. You can choose your desired leasing vehicle from the leasing company without the usual financial burden.
Quick purchase
Leasing a new car without a down payment also means that you don't have to save up for a down payment. This is particularly advantageous if you need a vehicle quickly for professional or personal reasons, for example when changing jobs or moving house
No additional costs
With zero leasing, the total costs remain stable over the entire term. This makes monthly expenditure predictable. With leasing with a down payment, the monthly installments are determined by the amount of the special payment and can vary depending on the initial payment.
High flexibility
In contrast to leasing contracts, which often have fixed terms of 24, 48 or 60 months, the SIXT+ car subscription can be terminated on a monthly basis. For example, as a bridging vehicle, for commuters, employees in the probationary period, where the professional cooperation may end unexpectedly, a car subscription makes sense.
Fast availability
Leasing is often associated with longer waiting times until the vehicle is available. With SIXT+ Auto Abo, the selected vehicle is usually available within a few days. This speed is ideal for people who need a vehicle at short notice, whether as a bridging vehicle or for other urgent reasons.
Complete cost control
The SIXT+ car subscription offers clarity about costs incurred. Unlike leasing without a down payment, where additional costs for vehicle tax, insurance or repairs can arise, the monthly leasing rate for the SIXT+ car subscription includes all essential vehicle costs.
Frequently asked questions about leasing without a down payment
What are the costs of leasing or a car subscription?
The costs of leasing arise mainly from the monthly leasing rates for the vehicle. However, these rates do not necessarily cover insurance costs. With a car subscription from SIXT+, costs such as registration, vehicle tax and maintenance are included in the fixed monthly price.
Is zero leasing suitable for commercial customers?
Zero leasing is particularly attractive for commercial customers who want to maintain their liquidity. This model promotes efficient cash flow management and is suitable for start-ups and smaller companies that need flexibility without making high upfront expenses. It offers the same advantages as traditional leasing, but without the initial financial burden.
Is there leasing without a down payment for new and used cars?
Yes, leasing without a down payment is available for new cars, year-old cars and used cars. The condition and age of the vehicle determine the leasing costs. The availability of many vehicle options increases the choice. With the SIXT+ car subscription, you also get new and fully maintained vehicles.
Mileage leasing is a leasing option where the costs are calculated based on the actual mileage. This model is ideal for lessees who can accurately estimate their mileage and want to avoid unforeseen costs for over- or under-mileage. The terms of the contract stipulate a specific number of kilometers per year, and at the end of the term, an invoice is issued based on the actual mileage.
When concluding a leasing contract, certain requirements must be met. One of the most important is proof of good creditworthiness, as the leasing company wants to ensure that you can reliably pay the monthly installments. Providers attach great importance to a positive credit check, especially when leasing without a down payment. Other requirements often include the submission of proof of income. This is not necessary for concluding a SIXT+ car subscription.
Sixt+ car subscription
Enjoy full flexibility with the SIXT+ car subscription. Choose your dream car and keep it for as long as you like, pause for up to 3 months or cancel monthly. Avoid expensive acquisition costs. One price - all inclusive*.
© Sixt 2024