Spreading the cost of vehicle purchases with car leasing contracts
February 1, 2010 by Editor · Leave a Comment
When it comes to purchasing a new vehicle, it can often be difficult to gather the funds in order to purchase a car or van outright – especially if you’re looking to obtain a new vehicle.
If your car is involved in an accident or has a serious costly mechanical problem, you may be faced with the prospect of having to obtain a vehicle at short notice when you don’t have the savings to cover such a significant purchase.
Rather than taking out a loan or spreading the cost between credit cards, a practical solution is car leasing.
Most vehicle leasing companies have a flexible approach to contract hire, which means you can choose to use their vehicle for a period of days, weeks or months. They will often allow you to extend this period should the need arise and you can also extend your estimated mileage in the leased vehicle in the case of an initial underestimation of the distance you will cover during the hire period.
Here at Lease4Less we offer car leasing whereby you make your agreed lease payments during the allotted contract hire period but have the option of paying off the balance and retaining the vehicle when your contract comes to an end; it’s effectively a long-term test drive.
Particularly for part exchange, several vehicle leasing companies include used as well as new cars within their range, which will lower the ultimate cost if you think you may opt to purchase the vehicle at the end of your contract.
With delivery and collection of the vehicle often included, car leasing removes much of the hassle of looking for a new vehicle.
In addition, reputable companies will source their vehicles from a manufacturer recommended UK dealership to ensure quality of machinery, and the lease will also include manufacturer warranty for any mechanical problems during the hire period.