Welcome to Car Leasing
Car Leasing companies in the UK are becoming increasingly popular with both private individuals and businesses because you can drive the car now without having to buy it! And where do you go to get these services? – The Car Leasing company which means optimal cash management for the customer.. You or your staff could be sitting behind the wheel of that BMW or Mercedes or something even sportier if that’s your wish. The advantages of leasing are numerous but as with most things it comes down to money –the option of reduced monthly payments and a minimal initial outlay. Plus you can decide to buy if you wish or just lease when it suits you!
What does having a car lease mean? Leasing a car from a Car Leasing company UK is simply a method of paying for the use of a car over a specified period of time, normally a minimum of twelve months. Monthly payments are based on the difference between the cost price of the vehicle and its future resale value. Other services can be provided by a Car Leasing company such as maintenance and roadside assistance. The car can be purchased or returned so that you or your staff don’t have to take on the problem of disposing of the vehicle. No more Saturdays sitting next to a phone! You avoid residual value and exchange risks. It is worth noting that leasing car payments are often less than the residual monthly loss experienced by the drop in value on a new car. A recent consumer Which? Report stated that to avoid losing hard cash motorists should think about car depreciation before driving off the forecourt.
The basic idea behind a car leasing company UK is that you regularly use a new vehicle. A new vehicle can be leased as soon as the current leasing contract expires, irrespective of the make and model of the vehicle. A new car is a bonus in many ways. Not only does it make a good impression but it is likely to have all the latest safety gear, is generally more reliable and fuel efficient, not to mention less polluting.
Is going to a Car Leasing company UK more expensive than traditional methods of buying a vehicle? As a rule, it is more expensive to borrow money rather than finance a purchase yourself. However, when financing a purchase yourself, you must consider the income lost as a result of not being able to make alternative investments with the cash needed for the purchase, the opportunity cost as it is known. Borrowing with an agreement from a Car Leasing company allows you to avoid any owner risks associated with a cash purchase (loss at resale, trade-in).
Cars can generally be an expensive business but a maintenance agreement from a Car Leasing company means that there are no nasty surprises. You can calculate your personal budget with fixed monthly expenses. But don’t forget about special offers that a Car Leasing company UK can provide - but be quick because they don’t last very long.
Leasing is hassle free but there are a few common questions. In the case of a car breakdown for instance, if the car lease company have provided a maintenance contract then full roadside assistance is provided. Insurance, however, is up to the user but most car lease companies can provide initial advice. Monthly payments take into account expected mileage of the use. If the amount agreed is exceeded then a penalty charge will incur but the contract can be renegotiated if the user is anticipating a change in the level of mileage they expect to use. If you fancy trying out a different type of car mid-contract- the cars can be swapped but a new contract renegotiated. It means that you don’t get stuck with the same car forever and can try out that sporty or prestige make!
Leasing from Car Leasing company UK increases your options in so many ways. For businesses, car leasing provides a reduction in administration, increased taxed benefits and a fixed expenditure for budgeting purposes. A car lease allows you to avoid any owner risks associated with a cash purchase i.e.loss at resale, trade-in. Also owing to buying power and contacts, car lease companies are able to purchase all makes and models at advantageous rates and provide efficient disposal if required which means that the least possible depreciation is passed on to customers, resulting in realistic monthly rentals.
There are many different types of leasing options available for both private and commercial clients, it’s just a matter of asking for what you want!