Does BYD offer leasing?
You can ‘Build Your Dreams’ by leasing a car from acclaimed Chinese manufacturer BYD, as it’s one of the world’s leading suppliers of electrified vehicles. Choose from vehicles like the sleek BYD Seal saloon or the energetic BYD Dolphin Surf. Get into a BYD today with a Smart novated lease. Discover BYD, a global leader in affordable electric vehicles. With cutting-edge technology and an impressive driving range, BYD delivers value, efficiency, and safety.
Can I buy a BYD at the end of the lease?
End of Term Return the car, or potentially lease a new one or buy it out. You own the car outright and can keep it, sell it, or trade it in. At the end of the lease, you will return your vehicle to the dealership where it will be inspected. The dealership will make sure that the lease did not exceed its mileage limit and that there is not excessive wear and tear to the vehicle.
What are the 5 criteria for a lease?
If the lease meets any of the criteria, then it must be recorded as a finance lease. The five criteria relates to a bargain purchase option, transfer of ownership, net present value of lease payments, economic life, and whether the asset is specialized. There are four different types of lease: gross lease, net lease, percentage lease, and variable lease.
How does 0% leasing work?
Zero interest, zero problems? No, the crux of the matter is this: The list price is often higher than what you would pay after negotiating a direct purchase. Discounts that are common when paying cash or taking out a loan are often lost in a 0% leasing offer.