Neva Consultants Car Leasing Leeds
car finance, car leasing, vehicle leasing
What is Car Leasing?
Car Leasing (also known as Contract Hire) is simply the hiring of a vehicle for an agreed period of time for a fixed monthly rental. Unlike Short Term Rental or Daily Rental, a Car Lease is usually for 2-5 years, after which lease cars can simply be handed back with no further commitment or, in some cases, you may be able to purchase the vehicle if you wish.
How does Car Leasing work?
Almost all new cars and commercial vehicles are available on Contract Hire. So, the first thing you should do if you’re thinking of leasing a car or van is to decide on the make and model you want, plus any options or extras you would like – just as if you were buying the vehicle.
Then decide how long you want to keep the lease car, what your annual mileage is likely to be, and whether you want to include Maintenance in the Contract Hire agreement. If you add Maintenance to your contract, all bills for repairs, tyres, servicing and parts are paid by the finance company. If you are unsure about any of these factors, you should seek car leasing advice from a reputable Car Leasing Broker.
Your monthly payment depends on your annual mileage, the cost of the vehicle, and what it’s likely to be worth at the end of the contract hire (known as the residual value). Road Tax is usually included for the duration of the Car Leasing period – all you need to do is insure it and put fuel in!
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