Frequently asked questions about Car Lease

Car Lease is available to:

• Individuals
• Self-employed individuals
• Companies or equivalent entities looking to acquire vehicles for professional use
• Central, regional, or local public administration

Car lease offers several benefits, including:

• Flexible payments that can be arranged according to the schedule agreed with Millennium (usually monthly)
• Flexibility in choosing the contract term, initial down payment, and residual value
• Option to purchase the carat the end of the contract
• Tax benefits for companies

The residual value is the amount agreed at the beginning of the contract, which can be paid at the end of the term to purchase the car.

This amount allows part of the financed value to be deferred until the end of the contract, making it easier to adjust the monthly instalments to your preferred value.

A car lease contract typically lasts between 12 and 96 months, depending on the type of vehicle and the Customer’s profile.

Yes, comprehensive insurance is mandatory.

Yes, provided you give prior notice and follow the terms set out in the contract.

During the contract, Millennium is the legal owner of the vehicle (the Lessor), and the Customer is the user (the Lessee).