Leasing Guide

Can I extend my car lease?

Want to know if your lease car experience can be extended? This article explores in what circumstances this is possible
How do I extend my car lease?
If you are approaching the end of your current lease contract, you may be wondering 'can my lease be extended?' You're not alone. Many people find that there is a period between one contract ending and another starting, and they don't want to be without a car. Or, perhaps they're just not ready to part ways with their trusty four wheels just yet. Whatever the reasons, there are certain ways to extend the lease contract on a car. It's worth noting that some finance houses don't offer any kind of lease extension, so call them to make sure you are eligible. We'll take you through all the nitty gritty.

What happens if I damage my lease car?

Damaged your lease car? Don't worry, here's what you have to do...
What happens if I damage my lease car?
You have your lease car for quite a while. It may not seem that 1-5 years is any time at all in the scheme of things, but over that time you will do a lot of driving. It’s possible that during the time you have the vehicle you may end up damaging it because accidents do happen.

What are the positives and negatives of car leasing?

We look at the pros and cons of car leasing when compared to car purchase
Positives and Negatives of Car Leasing
Car leasing isn’t for everyone, in the same way that not everyone wants to purchase their car. That said, there are huge benefits to both but it all depends on what you want out of your car and what suits your situation the best.

What is Hire Purchase?

Everything you need to know about Hire Purchase...
What is Hire Purchase?
When looking at your finance options, you might want to consider hire purchase. Hire purchase isn’t a lease, it’s a finance agreement. But what is hire purchase? In this article, we look at what hire purchase is, its pros and cons, and whether hire purchase is right for you. Hire purchase (HP) is essentially where you pay a fixed monthly payment for a certain period of time. Once that time is up, you own the car. The difference between a hire purchase and a lease agreement such as a contract hire, for example, is that you pay the monthlies with the outright intention of owning the car. Essentially, it’s a loan that you are paying back, rather than renting the car. Some of the advantages of this option are...

How is the price of a Hire Purchase calculated?

Find out how the price of your Hire Purchase is calculated...
How is the price of a Hire Purchase calculated?
When looking at different finance agreements, it’s important you know how the price of each is calculated. This will help you make an informed decision as to which finance agreement is right for you, and gives you complete transparency, so you know exactly what you are paying for. We think this is a really important aspect of your journey as a buyer, and it’s vital that you fully understand where your money is going. So, in this article, we’ll look at how the cost of a hire purchase is calculated, and what sort of things affect it. A hire purchase, as it’s a finance agreement, is calculated differently to a lease contract like a contract hire, for example...

Personal Contract Purchase vs. Personal Contract Hire

What's the difference between Personal Contract Purchase and Personal Contract Hire?
Personal Contract Purchase vs Personal Contract Hire
One of the biggest decisions you will make when it comes to choosing a new car is what sort of finance agreement you are going to get. We get asked quite a lot about the differences between personal contract purchase and personal contract hire. It’s understandable, they are quite similar. However, there are some key differences that could be the decider in which agreement is best for you. So, in this article we’ll be looking at what personal contract purchase is, what personal contract hire is, and the main differences between the two. What is personal contract purchase? Designed for private individuals, personal contract purchase offers more flexibility than other agreements...

What is Guaranteed Minimum Future Value?

We look into Guaranteed Minimum Future Value, also known as GMFV or a balloon payment
What is Gauranteed Minimum Future Value?
Guaranteed Minimum Future Value (sometimes also referred to as the GMFV, Optional Final Payment or Balloon Payment) is the amount that a car or van will be worth at the end of your contract term as calculated by your finance company.

Can I guarantee I get car finance?

What can I do to make sure I get car finance?
How can I get guaranteed car finance?
If we’re being honest, there isn’t actually any way you can 100% guarantee car finance. However, this isn’t an article filled with doom and gloom because there are ways that you can increase your chances of getting a car finance application approved. In this article we look at the ways you can improve your chances, if you are a student, on benefits or have a low income.

Can I lease a car if I have bad credit?

In short, yes. Leasing a car with a poor credit history is now an option
Can I lease a car if I have bad credit?
So, you want to lease a car. The problem is you have a less than perfect credit score. Maybe you’ve paid one or two bills a bit late, which has resulted in a low credit rating and it feels like you’re never going to get the car you want or need. However, this isn’t always the case. There could be a chance that you can still lease a car. In this article we look at the things that can affect your credit score and the ways you can still lease a car if your credit score is less than ideal.

Is it worth having a company car?

We look at whether having a company car is still worth it...
Company cars have always been popular. They can be a great incentive to staff and prove a good way to attract the best candidates to work at your company. But the changes occurring to tax benefits may have many questioning whether it's still worth having a company car. In this article, we look at whether a company car is still worth it, and what the alternatives are.
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