What is medium-term rental?
The LMD is a rental contract lasting between 1 and 24 months, renewable. Beyond 24 months, you'll need to take out a long-term leasing contract ranging from 24 months to 60 months. For less than one month, you'll need to take out a short-term leasing contract (LCD).
LMD is therefore a good solution for those who want flexibility. However, this flexibility comes at a cost. In fact, the LMD is more expensive than a LLD, which is normal given that you are leasing the vehicle for a much shorter period. The lessor also charges you for the time it takes to find a lessee for the vehicle after your rental period. That's why an LMD should only be a temporary solution, not a long-term one.
In what situation is LMD recommended?
As described above, the LMD is a medium-term emergency solution. Medium-term leasing of your electric vehicle will benefit you in certain specific cases.
For example:
- You've just finished your previous leasing contract and are waiting for your next vehicle to be delivered. The LMD contract can serve as a transition between the two vehicles.
- Another possible situation: you're traveling by plane or train over a long period of time, and you need a ride on the spot. LMD is there to save the day.
- If you'd like to test drive a car before taking out a leasing contract or buying it outright, the LMD is for you!
Medium-term leasing is also suitable for more professional use. For a long business trip, or a temporary contract in a city far from home, LMD can be a good solution. Your employer can pay for it.
The advantages of medium-term leasing for electric vehicles
The LMD has a number of advantages that will convince you to take the plunge. As we said in the previous section, this type of financing will be of great benefit to you during the transitional periods of vehicle changes and long-term stays. The main advantage of this financing method, which is relatively short compared with a leasing contract, is its flexibility. Since you don't keep your vehicle for long, you have more freedom than with a leasing contract.
Another notable advantage is that your contract includes a wide range of insurances. These include
- Vehicle anti-theft warranty
- All-risk insurance
- 24/7 medical and technical assistance
- Maintenance
So you can relax.
Our medium-term electric vehicle leasing offers
As always at Beev, we go out of our way to bring you the best deals. Whether for individuals or professionals, our aim is to bring you the best prices while simplifying the purchasing process, because Beev takes care of everything!
Our LMD offers for private electric cars
Beev offers the following electric cars for private customers:
- Hyundai Kona electric
- Fiat 500 electric
Our LMD offers for electric utility vehicles
For commercial vehicles, we offer 3 types of van to choose from in the following volumes:
- 4,3 m³
- 5 m³
- 10 m³
They are available for rental for a minimum of 3 months and up to 24 months. Monthly payments range from 772 to 1225 euros, depending on the length of the contract and the vehicle selected.
What are the differences between the various forms of lease financing?
| Lease with option to buy (LOA) | Long-term leasing(LLD) | Medium-term rental (LMD) |
Input | Not mandatory | Not mandatory | No |
Kilometric cap | Yes | Yes | Yes |
Possibility of buying back the vehicle at the end of the contract | Yes | Yes | No |
Right of withdrawal | 14 days | No | 14 days |
Insurance | At the tenant's expense | Not always included / may be charged to tenant | Included |
Maintenance | Included according to offer*. | Included | Included |
Assistance | Included according to offer*. | Included | Included |
Restoration costs at the end of the contract | No | Yes | Yes |
For more information, we've put together a guide to this topic to explore the different aspects in depth:
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