You want to buy a new car or van, but you can’t pay for it up front. And your bank won’t lend you the money? There is a leasing alternative. To lease a vehicle, you’ll need to pay a small deposit followed by regular monthly payments throughout the lease term. You simply return the vehicle at the end of that period.
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The British Vehicle Rental and Leasing Association‘s (BVRLA) latest figures show a steady rise in the number of cars and vans leased. According to its members’ survey, the number of car and van leases grew by 12 percent year-on-year. Find out more about Van Leasing Bristol by visiting a site like autolyne.co.uk/van-leasing-near-me/bristol
Leases have many advantages
No large deposits are required. This allows you to afford more expensive cars or vans than you would if you were buying one outright.
* Regular payments that are agreed upon allow you to plan your expenditure.
* You can continue leasing new vehicles each time the lease term expires by trading them in.
The disadvantages of leasing
Even if the lease term ends, you will not own the vehicle.
* The cost of leasing multiple cars over a long period of time is likely to be higher than the price of buying a single car, whether new or used.
If you return your vehicle before the lease ends or fail to make your regular payments, you may be charged a fee.