Address
Street Dr. Teófilo Braga, 21, 2670-480 Loures
Telephone
219 886 346
Car
Credit
Auto Credit Solutions
Is it time for a new car? We can help! With an Auto Loan, you can quickly and easily purchase the car of your dreams
Leasing, ALD, Renting, or Auto Loan: Which option suits you best?
Car financing can seem overwhelming with all the options out there. To simplify your decision, we’ll explain the differences between Leasing, ALD, Renting, and Auto Loan with Retention of Ownership.
Auto Credit Loan
This is the most traditional way to finance a car. It works as a loan, where you purchase the vehicle and pay for it in installments. At the end of the contract, you become the owner of the car.
ALD
Long-Term Rental (ALD): Similar to Leasing, ALD is a long-term rental agreement. The main difference is that maintenance and assistance services are typically included in the monthly payments. At the end of the contract, you can either purchase the vehicle or renew the agreement.
Leasing
In Leasing, you rent the vehicle for a fixed period, making regular monthly payments. At the end of the contract, you can choose to purchase the vehicle for a residual value or return it. It’s an intermediate option between buying and renting, offering greater flexibility.
Renting
This is the option closest to traditional renting. You use the vehicle for a specified period, making fixed monthly payments that include maintenance, insurance, and other services. At the end of the contract, you return the vehicle and do not become the owner.