Auto 5 chain to offer private leasing
Auto 5, Belgian brand of the French Mobivia (Norauto) group, an expert in equipment and maintenance of cars, will unveil a new service in a few days: leasing for private individuals, aged 23 years old minimum. “The public we are primarily targeting are people who are used to driving second-hand cars and who need to change because of environmental constraints,” explains Olivier Renard, B2B director at Auto 5.
The offer currently consists of six models, ranging from the Volkswagen Up! from 249 euros per month to the Ford Puma (€425), via the Peugeot 208 (€310). “We would like to have more models, but it is not easy to get vehicles in these Covid-19 times,” says Olivier Renard in an interview with La Meuse (Sud Presse).
Renard hopes to expand the offer soon. For the moment, he operates with the company Justlease, but other leasing companies are interested. “We are not functioning as a straw man. It’s our product,” insists the manager.
No hybrids or e-cars
The focus is on small, family-sized city cars in the gasoline version. There are no hybrids or fully electric cars at this stage. According to Renard, private individuals who opt for leasing, first of all, want an excellent price. “With electric motors, this is not possible. The rent would have been too high.”
The monthly price, calculated over a five-year period, includes all costs: omnium, taxes, maintenance, and tire replacement. The maintenance must be carried out at Auto 5. If there is a breakdown, a tow truck is sent free of charge with a replacement vehicle in the event of immobilization of more than 24 hours. Fuel and parking tickets are not included.
The basic formula includes 10 000 km per year. It can be revised during the course of the contract to avoid paying a surcharge at the end of the contract in case of exceeding. Winter tires are optional.
The choice of vehicle is made from a catalog. It is not possible to try it out beforehand. Delivery is made at Auto 5, at the dealership, or home. The cars in the catalog are not entry-level cars. They are better equipped. “For their category, we are the cheapest,” Renard claims. The company hopes to win several hundreds of contracts in the first year.