Whether you are looking to replace your existing car, buy your first car or add to a fleet of business cars, car leasing Bristol and across the UK is an increasingly popular way to obtain a brand-new vehicle at an affordable price.
What is car leasing?
Car leasing is when you hire a vehicle for a period of up to five years and make a fixed monthly payment. At the end of the term, you simply return the vehicle to the leasing company.
Car leasing is an alternative to buying a vehicle; for some, it is the most accessible way to obtain a brand-new vehicle that they would otherwise be unable to afford. The cost of the lease is calculated based on the residual value of the vehicle at the end of the lease period. Although interest is included in the monthly payments, it is fixed and will not fluctuate throughout the term.
Benefits of car leasing
When you lease a car, you will receive a brand-new vehicle that can be delivered to your location anywhere in the UK. It will come with a full manufacturer’s warranty and road tax. As the vehicle is new, it will not require an MOT for the first three years; what’s more, many car leasing companies will include the cost of routine or ongoing maintenance in your monthly payments. This means the amount you pay each month is all-inclusive, apart from the cost of fuel.
Where can you get a lease car?
There are many companies offering car leasing Bristol and across the UK, so always check that the company you choose can provide the vehicle you need at a price you can afford. You will be tied into the agreed contract duration, so ensure you will be able to cover the monthly cost even if your personal circumstances change during the term.
In conclusion, leasing a car is an alternative to purchasing. It allows drivers to have a brand-new car in return for making a fixed monthly payment for a defined time period.