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Car Leasing Explained!

Leasing can be a long or short term rental agreement offering the sole use of a vehicle over a set period of time at a fixed monthly rate. It offers an alternative, and often cheaper, funding solution to buying a new vehicle via expensive vehicle retail outlets or your bank. Car leasing helps you avoid any unexpected costs by offering a fixed monthly payment for the term of the lease. The customer also doesn't have to worry about depreciation or selling the car as this job falls to the lease company.

How Vehicle Leasing Works

• From the start of a contract the customer pays a fixed initial rental which can be based on either 3, 6 or 9 monthly payments.
• The vehicle will be delivered free of charge to any UK mainland destination the customer requires. Delivery mileage may apply!
• Then from month 2 the customer/company make a monthly payment for the duration of the contract term i.e.: Either 2, 3 or 4 years.
• At the end of the contract the vehicle will be collected from any UK mainland destination free of charge unless you have decided to purchase the vehicle from the funder, however most customers prefer to lease another new vehicle.

Vehicle Leasing vs Outright purchase

There are many practical reasons to leasing a vehicle over buying a vehicle.

Features include:

• Fixed rates based on lower monthly costs
• Cheaper upfront payments
• Includes road fund license for term of contract based on Contract Hire
• Variable contract duration and mileage terms
• Optional maintained contract which help to spread servicing and tyre's costs.
• Vehicles are always under full manufactures warranty's. (Depending on Make and manufacturer)