Lease for New Cars TAEG 6.3%
Your new car with lower installments
At the end of the contract you can choose to buy the car for a lower amount
At the end of the contract you can choose to buy the car for a lower amount
Branch only
Lease for New Cars TAEG 6.3%
Your new car with lower installments
At the end of the contract you can choose to buy the car for a lower amount
At the end of the contract you can choose to buy the car for a lower amount
Branch only
Loan charges and rates
Now on to the math
Annual Percentage Rate of Charge (TAEG)
6.3%
Annual Percentage Rate (TAN)
5.736%
6.3% TAEG and 5.736%¹ TAN with monthly installments of €336.28, for a calculation of a €30,000 loan with an 84-month term, a down payment of €6,000 and a residual amount of €1,500. Total amount charged to the consumer: €35,725.74including file fee (€150), fees, interest and Stamp Duty over the added cost of the rent and file fee. Interest rate indexed to 12-month Euribor plus spread, determined by client's risk profile and operation.
Conditions valid until January 31, 2025.
Conditions valid until January 31, 2025.
These are the terms and residual amount
Term
between 12 and 120 months
Residual amount/ Purchase option
between 1% and 5%
And these are the charges and expenses
File fee (plus Value Added Tax at the rate in force)
VAT over the monthly payments
Fees (registration at the Vehicle Registry Office)
The information shared here doesn't replace the need to consult the legally required pre-contractual and contractual details.
1, 2, 3 and that’s it!
Applying for a lease is simple
Go to a Millennium branch
Go to a Millennium branch
and apply for a lease for new cars.
and apply for a lease for new cars.
Confirm the application
Confirm the application
after carefully reading all the legal documents.
after carefully reading all the legal documents.
Sign the contract
Sign the contract
after the lease has been approved and hit the road with your car.
after the lease has been approved and hit the road with your car.
What do you need?
What do you need?
To be over 18 years old and have a current account at Millennium
To be over 18 years old and have a current account at Millennium
The last 3 payslips and the IRS validation code
The last 3 payslips and the IRS validation code
ID documents of all participants
ID documents of all participants
Pro forma invoice for the purchased car
Pro forma invoice for the purchased car
Tax compliance declaration (for leases exceeding €50,000)
Tax compliance declaration (for leases exceeding €50,000)
Mandatory car insurance
Mandatory car insurance
1, 2, 3 and that’s it!
Applying for a lease is simple
Go to a Millennium branch
Go to a Millennium branch
and apply for a lease for new cars.
and apply for a lease for new cars.
Confirm the application
Confirm the application
after carefully reading all the legal documents.
after carefully reading all the legal documents.
Sign the contract
Sign the contract
after the lease has been approved and hit the road with your car.
after the lease has been approved and hit the road with your car.
What do you need?
What do you need?
To be over 18 years old and have a current account at Millennium
To be over 18 years old and have a current account at Millennium
The last 3 payslips and the IRS validation code
The last 3 payslips and the IRS validation code
ID documents of all participants
ID documents of all participants
Pro forma invoice for the purchased car
Pro forma invoice for the purchased car
Tax compliance declaration (for leases exceeding €50,000)
Tax compliance declaration (for leases exceeding €50,000)
Mandatory car insurance
Mandatory car insurance
Want to apply for a lease?
Before making a decision...
Consider if you need to make this purchase taking into account different factors.
Make sure the installments won’t compromise the budget of your household.
Verify the conditions of the lease and read all the pre-contractual and contract information.
If you change your mind after applying, you can cancel it on the website or app within 14 days.
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