Many folks are afraid of considering an ex-rental car (ERC) for purchase. We are by no means giving a blanket endorsement of such a purchase but there are mitigating factors to consider, and in some cases it can be just the option needed. Check out this link (ERC) and see if this may be an option that deserves more investigation on your part for your particular circumstance.
You may be offered a 0% interest loan on a car purchase at the dealer. We have even heard from our clients stories of banks directing customers to visit the dealer and apply for the loan there so they can get these 0% offers. We call this offer "smoke and mirrors" to read more on this subject click on this link "smoke and mirrors" to understand some of the dangers of this particular offer.
What passes as a lease today in Israel many times is not a lease at all; it's a residual note or balloon financing plan
The difficulty now is that many companies and banks are selling these as "leases" and us folks from the West are expecting a different reality when we hear the word lease. Read More on this
We have real American style closed end leases if this interest you.
In Israel there is an insurance restriction which stipulates a representative from the company must be with you on the test drive. This can cause a problem because the representative usually wants to be back at the office signing contracts, or drinking coffee and smoking a cigarette.
Insist on a full test drive including getting up to highway speed to see how the car handles. This is when shakes and noises become more apparent.
Before you drive turn the radio on, judge the quality of the sound system then shut it off, and don't let the rep turn it back on. You need to listen to the machine you are thinking of buying.
Turn the AC on even if it is chilly outside to see how the car handles under load, your going to be using it a lot here in Israel.