Ebrahim K. Kanoo B.S.C.(c)

Leasing vs Buying

Kanoo Vehicle Leasing owns the largest fleet of vehicles available for lease in The Kingdom of Bahrain, offering customers a wide selection of passenger cars and commercial vehicles from different commercial brands. It is also the leader in providing private companies and government entities with long-term contracts.

Leasing

Buying

Requires no down payment. Requires some down payment / collateral.
Hassle-free acquisition and maintenance hassle free. High maintenance cost.
Lower monthly payments. Higher payments applicable.
New vehicle every 2 to 4 years at a lower premium. Same vehicle for the stipulated period of time.
Zero capital investment. Exact budget cost per annum. Very high capital investment. Reinvested in core business. Buying is a big ?
Additional insurance provided with breakdown assistance. Standard insurance policy, zero additional benefits.
Guaranteed resale value, despite future market conditions. Risk of low resale value.
Zero depreciation costs. Highly depreciating asset.
Service and maintenance free. Uncertain service and maintenance costs.
Flexibility of return dates.(diplomatic clause). Hassle of sell off and settlement with bank / finance house.
Zero downtime / 24 hours accident replacement. Uncertain accident downtime, no replacement. Loss of business income due to vehicle being 'off the road'.
Economic crisis - leasing is a temporary solution. Economic crisis - business future uncertain.
No additional employment costs. Employment of staff costs - Fleet Manager etc

 

Frequently Asked Questions :

What is the minimum and maximum period of a lease?
The typical minimum period is 2 years and the maximum is 4 years


Can I purchase the car at the end of the lease period?
Yes—there are several options that enable you to do this


Is maintenance cover included?
Yes—all routine service and maintenance + insurance, replacement vehicle and 24hour roadside assistance are included


Where do I take the vehicle to be serviced?
You can take your vehicle to KVL service centre at Isa Town, alternatively your vehicle can be collected for service by prior arrangement.

What is the range of manufacturers offered by KVL?
KVL can source almost any vehicle to suit your needs and budgets