Cheap Car Leasing Deals
”If you cant see the car your looking for just ask we have all models available 12/48 months business and personal contracts.”
Welcome to Official Car Leasing! We are one of the UK’s leading car leasing companies, and we strive to offer vehicles to as many qualified drivers as possible. Here, you’ll find a brief overview of leasing and other important information that you’ll need to know to decide if a car lease is right for you and, if so, to find the very best car lease deals to meet your budget and your needs. Happy driving!
When it comes to car leasing deals, you might be surprised to learn that many people, even those who have already entered into a leasing agreement, often don’t have a clear idea of what leasing is all about or exactly how it works. You don’t want to be one of those people who simply signs on the dotted line; you deserve to always know exactly what you’re signing and agreeing to.
You can think of leasing as a rental agreement. Just as you lease or rent a flat in order to live in it for a period of time, you lease a vehicle to be able to use it for a period of time. And, just as you would pay rent on your flat each month, you pay rent on your car on a weekly, monthly, or bi-weekly basis. In most cases, leasing a vehicle will be more affordable than actually buying one on your own. Plus, there’s a lot less worry and hassle when you lease, rather than purchase, a vehicle. It doesn’t matter to you if the car gets older, loses value, or will be difficult to sell in the future—the leasing company will take care of that, not you!
When they enter into car leasing, UK drivers typically pay a large down payment to begin using the car and then make much smaller payments for the rest of the rental or leasing period. When the leasing period is complete, the car is returned and the deal is over. With some contracts, however, there may be an option to actually purchase the car at this point.
In addition to being cheap, car leasing has many other advantages over actually buying a vehicle of your own. While you will have to make a down payment when you lease a vehicle, it is often much smaller than the down payment that must be made on a car you intend to buy. Furthermore, when you buy a car you are generally responsible for taking care of any problems it experiences, whether it’s something as small as a flat tire or as major as a troubled engine. When you lease, however, you can usually sign up for a maintenance and/or warranty plan that will help you take care of any repairs or regular services your vehicle needs. Leasing also tends to come with other nice extras, such as your road tax being included in your payment or the availability of free towing and/or roadside assistance services. And, of course, when you lease, rather than buy, you’re not stuck with same vehicle for years and years. By the time the car you’re driving goes out of style or you get bored with it, it will likely be the end of your lease and you can try something new! If you get bored easily or if you just like to stay on top of the latest trends, then leasing is obviously the better choice for you.
Business Car Leasing Options
Leasing a vehicle isn’t just for individual drivers; it’s also a possibility for many qualifying businesses. One of the most common business car leasing options is what is known as a “contract hire.” There are very specific rules on which types of organizations can qualify for a contract hire agreement, but those that do typically enjoy many perks, such as tax breaks on their value added taxes. Most companies that enter into a contract hire agreement will rent several vehicles to perform various work related tasks and will enjoy all of the major benefits of owning commercial vehicles without the high costs. As with individual leasing, contract hire leasing will require the business to make regular payments on each leased vehicle and to return the vehicles at the end of the rental period.
For those companies that do want to eventually own their own vehicles, a similar but alternative agreement that may be entered into is known as a contract purchase. With this agreement, the organization still enters into a leasing agreement and is still responsible for making regular payments. If the organization meets all requirements as set forth by the leasing agreement, it will be able to purchase the vehicle or vehicles at the end of the leasing period for an amount that was determined when the leasing agreement was drawn up. Determining the amount in advance helps companies to get a better rate on their vehicles and also serves as an incentive for organizations to meet all terms of their leasing agreements. Furthermore, when businesses enter into a contract purchase agreement, they do not have to pay a value added tax on their regular payments.
Personal Car Leasing Options
Most drivers in the UK today have taken advantage of personal car leasing options or are currently doing so. In fact, leasing to own, also known as a lease purchase agreement, is one of the most common ways in which people buy cars. As with most other leasing agreements, the driver makes a down payment at the beginning of the leasing period and then makes regular payments for the duration of the contract. The major difference, however, between a lease purchase agreement and a standard leasing agreement is that, with a lease purchase agreement, the driver has already made it clear that he or she wishes to own the leased vehicle and is leasing it with this end goal in mind. Once the leasing period is complete and all obligations have been met, the driver will then own the vehicle, which will have been registered in his or her name throughout the leasing period. This makes for a much smoother transition from being someone who is leasing a car to being the owner of your very own car!
Car Leasing Explained
There are many benefits to leasing a vehicle, and by choosing a trusted dealership, a customer can obtain a lease that offers exceptionally low monthly payments.
The sales representatives at dealerships know that performing certain tasks, such as changing the oil frequently, rotating the tires and changing the brake pads when they begin to wear out, can ensure that the vehicle remains in excellent condition for a very long time.
As a result, many auto dealerships will perform routine maintenance for a vehicle that has been leased for free.
A customer who leases a vehicle can sign up for a service package, and the service package will ensure that the costs of any major repairs are fully covered by the dealership.
When a customer signs up for a lease, the customer must prove that they have an auto insurance policy, and the policy must offer comprehensive coverage and full financial protection in the event of a collision.
Trading In The Vehicle
When the term of a customer’s lease is finished, the customer can simply give the car back to the dealer, trade the vehicle in for a new lease or purchase the vehicle.
A dealership will usually give a returning customer a large discount when signing up for a new lease.
The Terms And Conditions
By thoroughly reading the terms and conditions, a customer can find vital information about making late payments, paying the entire balance of the lease early and trading in the car early.
A Free Quote
Many auto dealerships will allow a customer to sign up for a free quote online, and when obtaining a free price estimate, a customer can fully customize every aspect of their prospective lease.
Once a customer has obtained a quote, the dealer may choose to preapprove the customer for a certain lease.
When leasing a car, there are many things to consider. Some of these include the make and the model, the down payment, the number of miles that a customer will drive each year, routine maintenance, major repairs, auto insurance, the terms and conditions and obtaining a free quote.