Arval Lease Agreement: An Overview
Arval is a leading global vehicle leasing and fleet management company that offers a range of tailored leasing solutions to both businesses and individuals. An Arval lease agreement is a contractual arrangement between Arval and its clients that outlines the terms and conditions of leasing a vehicle, including the payment structure, the duration of the lease and the responsibilities of each party.
Key Features of Arval Lease Agreements
1. Flexible Payment Structure
Arval offers flexible payment structures to its clients, which can be customized to suit their individual needs. Clients can choose from a range of payment options such as monthly, quarterly or annual payments, and can also opt for a balloon payment at the end of the lease term.
2. Maintenance and Servicing
Arval offers comprehensive maintenance and servicing packages that cover everything from routine servicing to major repairs. The cost of these packages can be built into the lease payment, and clients have the option to choose from a range of service plans that best suit their needs.
3. Insurance
Arval also offers comprehensive insurance packages to its clients, which protect them against unforeseen events such as accidents, theft and damage. Clients can opt for Arval`s insurance package or use their own insurance provider, but are required to provide proof of insurance before the lease agreement can be finalized.
4. End of Lease Options
At the end of the lease term, clients have several options available to them. They can either return the vehicle to Arval, extend the lease period, or purchase the vehicle outright. Clients who choose to purchase the vehicle will need to pay the residual value of the vehicle at the end of the lease term.
5. Responsiblities of each Party
The Arval lease agreement also outlines the responsibilities of each party. Arval is responsible for maintaining the vehicle and ensuring it is in good working order throughout the lease term, while the client is responsible for returning the vehicle in good condition at the end of the lease term.
Conclusion
In conclusion, an Arval lease agreement is a flexible and comprehensive leasing solution that offers clients a range of benefits. From flexible payment structures to comprehensive maintenance and servicing packages, Arval makes it easy for clients to lease a vehicle that suits their individual needs. If you are in the market for a new vehicle and are looking for a reliable and professional leasing company, Arval is definitely worth considering.