Car Leasing Guide

Leasing a car is a great way to drive a new vehicle for a fixed monthly amount. All you need to worry about is insuring the car, with fully comprehensive cover required. Leasing also suits those who do not have large amounts of capital to invest in a car upfront with low to zero initial rental payments available.

There are several reasons that make car leasing a smarter way to drive your dream car. Firstly, with a lease you can drive a more luxurious car as you will not need large amounts of cash paid upfront. Secondly, the monthly payments during your lease contract cover the cars depreciation for the agreed amount time you have it for. The result is you do not need to worry about the cars drop in value at the end of your contract.

At the end of your lease contract you simply hand the car back. The car will be subject to a quick fair wear and tear check, to ensure there is no significant damage to the vehicle, following which you simply hand back the keys. You are then free to visit our website, or speak to your leasing advisor, and order a new one.

While there are many advantages to leasing over buying, there is a few potential disadvantages to bear in mind. Some of which include: You will need to add the cost of insurance to your lease car, on top of the monthly rental payments. You will also have to stick with the agreed mileage parameters you have set for the duration of your contract or additional mileage charges will apply. Lastly, a lease agreement will be subject to an early termination fee should you wish to cancel the contract early, so please ensure you can afford to pay the monthly costs for the duration of your contract.

The simple answer is yes. Your credit rating will play a key part when applying for a car lease and you will typically require a great to excellent credit score. Acceptance can vary depending on the funder so please check with your leasing advisor before applying.