Leasing for individuals: how does it work ?
Private lease: your dream car on a lease
Enjoy the unbridled pleasure of driving with a private lease in Luxembourg. For a fixed monthly lease payment, you can drive a new car of your choice with all services included.
Everything is covered with a private lease
Drive an all-inclusive car(3)(5)
Stress-free driving with a private lease
Do you want to manage your budget, save time and drive with complete peace of mind?
Discover the benefits of a private lease:
- new vehicle: drive the vehicle of your choice (make, model, colour, options, etc.);
- fixed monthly all-inclusive lease including a range of services: upkeep, maintenance, insurance, 24-hour breakdown assistance, replacement vehicle, etc.(3)(5);
- term, mileage(4): you can adjust the term and mileage of your lease;
- single point of contact: Arval Luxembourg, a leading BNP Paribas Group company specialising in long-term leases;
- simplicity: at the end of the lease, you return your vehicle without having to worry about any formalities or resale, and can choose a new vehicle.
It’s simple, convenient, and has no hidden surprises(2)!
Find out about Private Lease and its benefits in this video
Interested in Private Leasing?
You can contact our advisors between 8.00am and 6.00pm, Monday to Friday, on (+352) 42 42-2000.
Frequently asked questions about Private Lease, car leasing for individuals
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Who is the Private Lease offering aimed at?Private Lease is designed for Luxembourg residents.
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What type of car can I rent?
You can rent any new car purchased from a Luxembourg dealer with the exception of Renault group cars, luxury cars and vehicles weighing more than 3.5 tonnes authorised on Luxembourg roads.
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What services are included in my leasing agreement?
Arval Luxembourg offers all-inclusive car lease agreements (excluding fuel) with monthly lease payments covering:
- Use of the vehicle,
- Upkeep and maintenance: regular servicing, mandatory roadworthiness tests, tyre changes (depending on the estimated mileage), replacement of defective parts,
- International insurance and assistance: insurance, material damage cover, 24-hour breakdown service and towing throughout Europe, driver and passenger repatriation, replacement vehicle,
- Taxes: registration, tax disk.
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How are the monthly lease payments calculated for my car?
Determined in advance, monthly lease payments (60 months maximum) are calculated based on the vehicle’s purchase price and include the car’s residual value, the contract term, mileage and operational services.
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Is it possible to terminate my contract early?
Yes. Early termination fees will be charged depending on the number of days prior to contractual termination. The agreement can also be transferred to a third party under certain conditions.
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Do I have to cancel the insurance on my old car?
Yes. Insurance is included in our long-term lease offer. You can transfer your old no-claims bonus to your Private Lease agreement. Once your previous insurance has been cancelled, simply send your certificate to Arval Luxembourg, which will transfer your no-claims bonus to your car rental.
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Can I deduct the cost of my car in my tax return?
Arval Luxembourg remains the car’s legal owner, and no tax benefit is therefore possible under the Private Lease agreement. If you wish to take out a long-term lease as a self-employed or freelance professional, you must refer to the legal and tax framework governing your profession.
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What happens if I exceed my contractual mileage?
During the term of the agreement, it’s possible to change the term and mileage (subject to the maximum authorised term and mileage limits for the vehicle in question) up to three months before the vehicle is returned.
The monthly rent is then adjusted. It’s important to estimate your mileage carefully when the agreement is signed. In the event of any excess mileage consumption, an amendment to the agreement will be suggested taking into account a new lease payment and a new mileage allowance.
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What happens if I haven’t accumulated the mileage set out in the agreement?
Any remaining mileage will be reimbursed.
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Is it possible to buy the car at the end of the agreement?
Private Lease agreements do not provide the option of buying the car when the lease ends. The vehicle remains the property of the lessor, Arval Luxembourg, which is responsible for selling the car on the second-hand market when the agreement expires.
However, if at the end of the lease you wish to purchase the vehicle, Arval Luxembourg may sell it to you at the market price.
(2)Offer subject to conditions and approval of your application by BGL BNP Paribas and Arval Luxembourg S.A., exclusive to residents of the Grand Duchy of Luxembourg.
(3)Monthly lease prices are indicative only and subject to (i) tax status, the residual value of the vehicle as determined by the lessor, the interest rate, the book value of the vehicle, and the options, configuration and equipment selected; (ii) adjustments to the configuration and equipment. The monthly lease payment shown (including VAT) depends on the agreed term and mileage. The monthly lease payment includes: maintenance, repairs, changing and storage of summer and winter tyres depending on wear, road tax, depreciation and interest, VAT, Europe-wide assistance, a courtesy car of a lower category for any downtime longer than 24 hours, the Perfecta service (cover provided by Arval Luxembourg S.A. for the risk of damage, total write-off or theft) with application of an excess payable by the lessee under certain conditions, and insurance(third-party insurance, legal protection and driver injury insurance).
Not included in the monthly lease payment: fuel, electricity and driving fines. The CO2 rates are also indicative and depend on the options chosen and/or the data provided by the manufacturer. At the end of the agreement, the kilometres will be invoiced at the price indicated in the lease agreement. If the lease agreement is terminated early, a termination fee will be charged. There is no purchase option.
(4)Other terms and mileage possible with adjustment to lease payment. On request.
(5)**Insurance is included in the price of the lease when taken out with Arval Luxembourg SA. However, such insurance can also be taken out with the insurer of your choice. Third-party insurance is mandatory. Other types of insurance are optional.
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