Car Leasing
Car leasing is a good option for those people who want a new car regularly without the hassle of owning it themselves. You can choose your vehicle, say how long you want to keep it for and how many miles you expect to drive every year.
Leasing Costs
These three factors will determine your monthly lease payment, which usually varies from around £200-£500. For example, you would probably expect to pay around £250-£350 a month for a Nissan Micra for a three year contract , whilst a Jeep Cherokee could set you back about £450 a month. If you fancy a Porsche 911 however, you'd be paying more in the region of £1,500 a month.
Some schemes will allow you to opt for the payments to include maintenance. You will be expected to take out comprehensive insurance to cover damage, which is usually quite costly for expensive cars.
At the End of the Lease
At the end of the contract period you simply hand back the car, although many leasing firms may also give you the option to buy it outright at this point. You may also be allowed to change your car or cancel it altogether mid-contract, although this will usually incur a penalty fee. You will also be charged for any excess mileage.
Interest-Free Finance Personal Contract Plan (PCP)
Click here to read more from InterCars.co.uk
