Leasing with Option to Purchase, also called LOA, is a form of financing that allows the lessee to use a new or used vehicle for a period of 24 to 84 months by means of the payment of rent to its financier. It is also possible to become the owner of the vehicle at the end of the contract by exercising the purchase option.

Leasing is the generic term for rental solutions, including LOA (Rental with Purchase Option) in the same way as LLD (Long Term Rental). With an LOA, you are the lessee of your vehicle. At the end of the contract, you have the choice: buy the vehicle by exercising the purchase option, return it or renew your contract by choosing a new model.

During an acquisition by total or partial financing, you can opt for a Long Term Guarantee. This guarantees the vehicle for the duration of the financing (up to 7 years) and takes effect from the day of delivery of the vehicle. The Long Term warranty covers mechanical, electrical and electronic breakdowns, without upfront costs. In the event of a breakdown, you benefit from a replacement vehicle for up to 90 days. You can take your vehicle to the competent garage closest to you to claim your warranty.

Shortly before the end of your contract, you will receive a letter at your home explaining the steps to take at the end of a contract. In particular, you can make one of the following choices: Return the vehicle, acquire the vehicle by exercising the purchase option or renew your contract by choosing a new vehicle. When returning the vehicle, you will be accompanied by an automotive expert who will carry out a visual and mechanical check of the condition of the vehicle. Following his specifications, the expert will determine the level of wear of the vehicle. If the condition of the vehicle is consistent with its age and mileage, no charges will be incurred. On the other hand, if anomalies are present on the vehicle, the financing organization will reserve the right to charge repair costs.

Yes, a PL on a used vehicle is possible if it meets the following conditions:

• Used vehicle less than 5 years old
• Less than 150,000 km
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The duration of a PL contract is between 24 and 84 months for private customers and between 36 and 84 months for professional customers.

The OK for a used vehicle allows you to have access to a greater choice of vehicles (several thousand used vehicles available in PL on our site). In addition, all our used vehicles are reconditioned before sale and are available immediately. As a result, you are not subject to the waiting times for new vehicles. The second-hand PL also allows you to reduce your monthly payments. Indeed, a new vehicle suffers the greatest discount during its first year, so you will not have to bear the loss of value of your vehicle and thus reduce your monthly payments.

In the event of a problem with the vehicle, you are covered by the guarantee that you will have selected when creating your contract. Depending on the problem found, you will need to find out about the coverage of your warranty and thus determine if it applies to your problem. If you are covered by your warranty, all you have to do is go to the nearest garage to carry out the necessary repairs and then send the invoice to the Reezocar After-Sales Service. Thanks to the Long-Term Guarantee, you are covered for the entire duration of your contract and you have no upfront costs to make. In the event that you have not subscribed to one of our warranties, it is your obligation to repair the vehicle, at your expense.