Home Automobile LOA / LDD: The price of monthly payments continues to rise! Auto Plus news in your smartphone Auto Plus news in your inbox

LOA / LDD: The price of monthly payments continues to rise! Auto Plus news in your smartphone Auto Plus news in your inbox

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LOA / LDD: The price of monthly payments continues to rise!  Auto Plus news in your smartphone Auto Plus news in your inbox

Even if rent-to-own is extremely important today populartrend is possible reverse.

For what ? Because interest rates banking activity is growing and monthly payments continues to increase, which removes everything interest this device. Auto Plus explains the reasons.

An increase of almost €1,500 in three years

From beginnings LOA (lease to buy) and LLD (long lease), success these practices it was never like that high

A good share rent when buying a car there is today at 80%when he was 20% in 2010.

recipe of this success: these practices allow customers to pay monthly paymentswhich is much more tolerable from a point of view from the budgetespecially during this period

Unfortunately, rates are constantly growing, as shown by our colleagues from Parisian. In average, growth it feels like more than three years in 1480 euros. Without a builder not spared

A trend that is taking hold

But why do we see? such an increase among different manufacturers? Reason: interest rates which exploded in just year.

Builders actually go through their financial institutions internal Or specialists. For example, Leasys is owned by Stellantis and Crédit Agricole.

But it turns out that these financial institutions don’t hesitate to increase rates with clients, after having suffered with themselves increase key borrowing rates of the European Central Bank.

The builders did not see customers escape for a moment, but still trend settles Really, car drivers refuse more and more ends top of the line.

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Author: Quentin Dubois
Source: Auto Plus

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