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As an
example, if you lease or hire a car that could cost £20,000, but
will be worth
as a used car only £13,000 after 36 months, you pay for the £7000 difference (this is
called depreciation) plus finance costs.
When you buy a car with cash or with a bank loan, you pay the
entire £20,000, plus loan interest charges, plus fees.
This is
fundamentally why leasing or hiring offers significantly lower monthly
payments than buying, these contracts also allow you to drive a more
expensive car than you could afford if buying outright, and a new car
every two or three years.
Bear in mind
that you will be subject to a credit check by the finance house prior to
acceptance, if you know you have credit issues inform
us and we will usually source the right finance option for you.
Contact us to
quote you for your new vehicle, we will be happy to help.
More Advice about Car Leases
 Car
Leasing Advice
Why
should I lease or hire a car?
Is
there a mileage limit?
What
level of wear is expected?
What
does maintenance mean?
Does
the cost include delivery?
Business
Car Leasing
Car
Leasing Companies
Car
Leasing Offers
Cars
Leases under £150
Do I
have any ownership of the car?
How
often can I get a new car?
Do I
need to make a down payment ?
What
cars make the best lease cars?
What
happens if my car breaks down?
Car
Leasing Deals
Company
Car Leasing
Short
Term Car Leasing
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