A car lease is when you pay the depreciation rate on a car for the length of time that you drive it. If you lease a $20,000 car for two years and the value drops to $12,000 at the end of the lease, you pay $8,000 in payments, during the two-year period you have the car. A short-term lease can be for several months and is much cheaper than renting a vehicle for the same period of time. This is an alternative when you are in Europe and need a car during your extended stay.
Locate a company that will lease a vehicle to you short term while you are staying in Europe. You can check the local phone book or search the Internet for companies. Peugeot offers an open Europe buy-back program for travelers that wish to lease.
Take proper documentation with you when you lease the car. Typically you will need your visa or passport and driver's license. You can also obtain an international driver's permit from AAA for minimal costs. This will transfer your license information into different languages. You must be at least 18 years of age to lease a vehicle in Europe.
Visit the Peugeot website to reserve your car online. This will save you time when you go to pick up the car.
Fill out all of the information on the website. You will need to give your age and select the class of car that you wish to lease. You will also need to give information on the desired pick-up and drop-off location of the lease and the dates of pick-up and drop-off.
Complete the credit application and agree to the terms of the conditions. Submit all of the information online. You will receive a voucher number by email.
Secure your lease with a credit card. Visit the lease agent to sign the papers and submit payment. A short term lease usually lasts for a maximum of 17 days.
