FB What is car leasing?


Car Leasing - The Basics


What is car leasing?

Car leasing is one way of getting a new vehicle. It is becoming more popular with both businesses and individuals.

Car leasing is the same as car contract hire.

You have an agreement to use the car for 2 or 3 years. You pay an amount per month. You also pay an amount at the start typically equal to three of your monthly payments.

The agreement includes how many miles you expect to drive per year over the three years of your contract.

You can choose to add maintenance to your contract. This means you pay an extra amount per month to cover the costs of servicing your car over the three years, replacing tyres when they are needed. It's a good idea if you want peace of mind and need to know what your car costs are going to be going forward.

At the end of your contract the car is collected. And that's it!

Or rather you start all over again.

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