Leasing Explained..... So many options available but which one is the right one for me?
Leasing is effectively a long-term rental agreement, 2 or more years with a fixed monthly payment.
With leasing, you never obtain ownership of the car you drive – you “rent” it for an extended period of time.
At the end of the period you hand the car back and walk away or, by signing a new agreement, choose a new car.
As an individual the rental agreement will be financed, we work alongside some of the worlds biggest banks and finance houses offering the best rates available.
Most often, the monthly payments on a car lease may be significantly less than those you would have incurred had you financed a loan on the same vehicle.
Effectively, it may cost less to lease a new car over a short period of time, than it would cost to buy the same car and trade it in.
Leasing is often a good option for people looking to consistently drive newer cars.
There is also the option for private individuals to Lease Purchase; especially popular if you are new to leasing - the security of being able to purchase the car at the end of the contract is appealing.