The repurchase of credits makes it possible to combine in a single contract several loans contracted over time, real estate loans as consumer credits. What about leasing operations? LOA and LLD are in the field of credit redemption!
Credit Clustering and Lease with Purchase Option (LOA)
Leasing is also known as leasing or leasing and gives individuals the opportunity to rent a property for a period of 2 to 5 years and then acquire it for sale. end of the contract. This formula is widely used since it represents more than half of automobile financing in France at the end of the first quarter of 2018 (1.7 billion euros, + 15.4% compared to 2017 according to figures from the French association of financial companies).
The LOA involves three actors: the seller, the acquirer and a lending institution. The latter assumes the purchase of the property concerned from the seller, then grants the lessor a credit to finance the operation.
Good news ! This relatively new financing formula can easily be included in a credit pool, which will allow the tenant to quickly reduce the amount of their monthly payments by spreading them over a longer period.
loan consolidation and long-term leasing (LLD)
As is the case for the LOA, long-term leasing (LDD) can also be perfectly integrated into your loan consolidation contract. A popular alternative to conventional car loans, the LDD is subject to a lease agreement between a dealer and a lessor.
Not imposing any initial capital, this type of financing seduces in particular by its flexibility. The rent paid will thus depend on several factors, particularly the length of the contract, the price of the new vehicle, the authorized mileage and the desired levels of service.
Reduce monthly payments thanks to loan consolidation
When you combine several credits of a different nature, it is sometimes difficult to manage your monthly budget effectively. The variety of interlocutors also contributes to the complexity of the process. The repurchase of credit is there to facilitate the repayment of your loans and reduce the debt by lightening your monthly payments.