What Is A Car Lease?
A term becoming more and more popular in the world of cars is car leasing. What was once reserved for vans and company cars is now breaking into the private market too, but just what is a car lease?
A car lease is effectively a contract that allows you to hire a new car on a long-term basis. Unlike standard car hire where you could hire a car for just a day or two through to a few weeks, car leasing allows you to drive a brand new car for a number of years. In this time, the car is effectively yours and then you simply hand it back at the end of the term.
Using a car lease can be a great way of driving a brand new car at a much more affordable price than purchasing. It also means that you do not have to worry about depreciation or worry about the hazards of possibly purchasing a second-hand car, as with a car lease you still get to benefit from the manufacturer’s warranty as well as the peace of mind of knowing that you are driving a brand new car.
A car lease is open to pretty much anyone providing that your credit is reasonable. That means that whether you are looking for a fleet of new vans for your business or whether you are simply looking for a replacement for the family car, there is a car lease to suit you.
Believe it or not, there are car leases out there for as little as £100 per month that will allow you to be driving a brand new car on a long-term basis. And with a car lease, you can even add a small monthly payment to cover all maintenance and even road tax too, meaning that car leasing allows you to budget for the entire cost of motoring in an easy way.
Rather than looking at purchasing a car next time, it may well be worth exploring the possibility of getting a new car lease instead.
Related articles
- 3 Deceptive Car Leasing Tricks (savealittlemoney.com)
- How to Avoid Extra Costs at the End of Your Lease (50plusfinance.com)
- What is Residual Value in a Leasing Contract? (savealittlemoney.com)
- How to Insure a Leased Vehicle (savealittlemoney.com)
Category: Car Lease
