Let’s take an example. The Buyback Lease information is from Kemwel, the rental information is from Europecar.
I looked at the Peugeot 308, a car that that has plenty of room for a family with luggage. I specified air conditioning, a GPS, a second driver and an automatic transmission.
First, let’s look at having the car for six weeks
Rental**
Car: $2,011
GPS: $196
Second driver: $90
Insurance: ??
Total: $2,297 + insurance*
Lease Buyback**
Car: $2,179
GPS: 0
Second driver: 0
Insurance: 0
Total: $2,179
So far the difference is mainly the insurance. But it grows the longer you have the car. For three months the rental costs $4,181 + insurance while the Lease Buyback is only $3,036. Quite a saving!
Think about it - a brand new car, total insurance coverage, lower price. And you get those stylish red plates! The French Buyback Lease program is definitely something you should check out.
Information is available from Citroen, Peugeot and Renault.
* depending on your personal coverage, this can cost well over $1,000
**These numbers are based on 2017 research and subject to change
Keith Van Sickle is the author of best-selling One Sip at a Time, learning to live in Provence