In addition to the purchase price, car ownership involves a great deal of other expenses from insurance to servicing, tyres and tyre storage. The total bill for these may be surprisingly high and often impossible to calculate at the time of buying the car.
The advantages of car leasing include stable costs and predictability. In the most comprehensive option, the monthly price covers all fixed costs related to the leased car’s use, including servicing, insurance, repairs and tyres. All the user needs to pay is the fuel for the leasing car. We also offer more flexible solutions in which the customer is personally liable for some of the car’s expenses.
Car leasing from OP – flexible and personalised solutions
OP’s dealership partners help our customers choose a leasing solution that is as cost-effective as possible and meets the customer’s needs. In addition to passenger car leasing our products also suit van leasing. In addition to the selected vehicle, the price depends on the additional services you’ve chosen to include in the agreement. Our leasing products to companies include the flexible OP Finance Lease agreement or our turnkey maintenance lease OP Leasing Plus. In turn, OP Car Leasing is suitable for both businesses and private individuals.
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OP
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OP
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OP
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For whom? |
For companies |
For companies |
For consumers and companies |
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Does it include extra services? |
No | Includes regular maintenance, replacement car, tyre replacements and summer/winter tyres and vehicle inspection | The customer can select extra services depending on the service provider |
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Does it include insurance? |
The customer can select OP Comprehensive Motor Vehicle Insurance Plus Financing (incl. motor liability and comprehensive motor vehicle insurance) | The customer can select OP Comprehensive Motor Vehicle Insurance Plus Financing (incl. motor liability and comprehensive motor vehicle insurance) |
The customer can select OP Comprehensive Motor Vehicle Insurance Plus Financing (incl. motor liability and comprehensive motor vehicle insurance) |
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Mileage |
No mileage limit | Agreed mileage | Agreed mileage |
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After the lease period
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The customer finds a new buyer for the car or agrees on an extension to the lease | The car is returned | The car is returned |
OP Leasing plus – full-service solution for companies
OP Leasing Plus is ideal for businesses that want a hassle-free company car solution. Thanks to the fixed monthly lease, your company's cash flow is predictable and the car does not strain the balance sheet. Your chosen leased vehicle will also serve as collateral. A single monthly bill covers almost all of the costs of leasing, and there is no need to worry about the vehicles depreciating in value. A suitable leasing car can be selected from a wide range of available makes and models across Finland.
OP buys the car as agreed between the customer and dealership and leases it to your customer with a lease agreement. The lease agreement agrees on a mileage limit and any included extra services, such as servicing, the availability of replacement cars, tyre changes, repairs and inspections.
The lease term is between 24 and 60 months and a fixed monthly instalment is invoiced every month. A car lease ends once you return the vehicle at the end of the fixed-term contract period.
Read more about OP Leasing plus
OP Finance Lease – flexible solution for companies
Finance Lease is suitable for businesses that want to handle servicing themselves and need unlimited mileage. The car can be selected from a wide range of available makes and models across Finland.
OP buys the vehicles as agreed between the customer and dealership and leases it to the customer with a finance lease agreement. The lease term can be set flexibly at 24 to 60 months, and the lease is billed monthly. The monthly lease depends on the car’s purchase price, lease term and residual value.
The residual value is determined in advance on the basis of the vehicles’ estimated market value at the end of the lease. When the lease comes to an end, you can either renew it or find a buyer for the vehicle. In the event that the sale price of the lease car exceeds the agreed residual value, you will be refunded the difference. But if the vehicle is sold for less than its agreed residual value, you will need to pay the difference to OP.
Read more about OP Finance Lease
OP Car Leasing - a leasing solution both for corporations and private individuals
OP's Car Leasing customers can be private persons or corporations, so private leasing is a great option for driving in addition to corporate leasing. In car leasing, the customer leases a new car with a suitable lease term, mileage limit and extra services. The lease term is typically 24 to 48 months, and the mileage limit is set according to the customer’s needs. The mileage limit can be adjusted during the lease if necessary.
The customer can also opt for extra services offered by the dealership. OP Car Leasing is offered through selected dealerships, often under the dealership’s own brand. If the customer turns in a used car, its value can be credited on the first monthly bill.
OP Car Leasing is a carefree solution for private persons, too. With private leasing, you can upgrade to a new car regularly without any need to worry about down payments, resale value or the trade-in value of the used car. A car lease ends once you return the vehicle at the end of the fixed-term contract period.
Instalments are an ownership-oriented solution both for corporations and private individuals
If you do not wish to tie up your company's assets to ownership, we recommend leasing a car for a specific period. However, if you want to own the car after paying it off, you can buy the car with a hire purchase agreement. With hire purchase financing for companies, the company owns the car after the hire purchase agreement expires.
Our lease and hire purchase solutions differ from each other in the impact the selected car will have on your company's balance sheet and income statement. In leasing, the car is an off-balance-sheet item and the leases are included in expenses in the income statement. In hire purchase, the car is included in the balance sheet and you can make depreciations in the normal fashion, even though title to the car is not transferred to your company until after the expiry of the contract.
Monthly instalments with a lease car
The monthly instalment depends on what type of vehicle you choose, the length of the lease term, kilometre limit, whether your agreement includes an insurance or extra services such as maintenance and tyre service. You decide whether you want an inexpensive leasing solution or a package that includes more extra services.
Insurance for your lease car – OP Comprehensive Motor Vehicle Insurance Plus Financing
OP Comprehensive Motor Vehicle Insurance Plus Financing is available as an insurance with both lease and hire-purchase agreements. Lease finance insurances includes both financing and motor liability insurance and motor vehicle insurance. It can be taken out for passenger cars and vans that are in private use by personal customers or companies.
Comprehensive Motor Vehicle Insurance Plus Financing enters into force at the same time as the financing agreement and the insurance premiums are paid as part of OP’s monthly car financing payments. In other words, you pay both financing and insurance on a single bill.
Learn more about the motor vehicle insurance for businesses
Leasing an electric or hybrid vehicle
Low-emission hybrid and electric vehicles are increasingly capturing the markets from traditional combustion engine vehicles. We wish to offer sustainable solutions and support the responsible choices of our customers, such as low-emission mobility.
Learn more about electric and hybrid vehicle leasing
I have access to lease financing – where can I see my financing information?
If you have access to lease financing, you can see your financing information on OP's online financing service (in Finnish). You can log into the service with your personal online banking user identifiers issued by any Finnish bank or with a Mobile ID.