So, you've just ordered a brand new lease car and you're eyeing the private plate on your current vehicle - or you've found one you'd really like. Is it possible for you to put the plate on the vehicle you've just ordered?In this article we answer the question "Can I put a private plate on my lease vehicle", what the process is and also how you can buy a new plate. We also talk about insuring your private plate so that if your car was stolen, lost or written off you're aware of what happens next...
So, you've decided that you're going to get a lease car. Now you're looking at the other outgoings you'll need to consider, including insurance. We often get asked whether insurance is included in a lease contract, so here we hope we've given you all the answers you could possibly need, and maybe give you some information you haven't thought about.
Dashboard cameras, otherwise known as Dash Cams are wired into your car. They are front facing through the windscreen. Designed to start recording as soon as the engine is started. Clever stuff. Dash cams have an inbuilt memory and record on a continuous loop so all of your driving is recorded. They are designed to prove what happens during a car accident and to enable the insurance companies to prove who is at fault. The rise in popularity of the dash cam has been attributed to the increase in insurance scams in the UK. In fact, figures from market research company GFK show that dashcam sales have increased by 918% over the last 12 months. In this article, we look at the perks and drawbacks of a dashboard camera. We'll also look to answer the question 'Should I have a dashboard camera fitted in my lease car?'
With any car comes the burden of maintaining, servicing and repairing the vehicle. This can bring unexpected costs and can stretch your budget. Leasing can help to control these eventualities. Your car lease doesn't include servicing, maintenance and repair costs unless you opt to purchase a maintenance package. But, your car is covered by a manufacturer's warranty, usually for the duration of your lease. This means those key elements of the vehicle such as the engine, gearbox and some electrics are covered. If you plan to lease the car for longer than the warranty period you can purchase an extended warranty to ensure you keep your cover. Any defects or damage that occurs during normal vehicle usage should be rectified as soon as possible. This will ensure that the consequential damage is minimised.
Are all lease cars brand new? Very simply, 99% of lease cars offered into the marketplace are brand new. Some finance companies will offer lease contracts on second-hand cars up to 12 months old but these aren't commonplace. Second-hand car leases are known as VAT Qualifying vehicles. In this article, we'll explore the pros and cons of leasing a second-hand vehicle. We'll also investigate why it's not such a common occurrence.
What a grand gesture! Your partner is very lucky. Taking out a lease as a surprise for someone else is one of the most generous and exciting gifts. Or, perhaps it's more of a practicality. Many people have taken out lease cars for their partner because they have a better credit rating. Perhaps their partner wasn't accepted for a lease or finance agreement. Whatever the reason, there are a few things you need to remember when taking out a lease or finance agreement on behalf of someone else
The largest part of the lease payment is covering depreciation of the vehicle during the course of your lease. This can be calculated by dividing the total cost of the vehicle by the expected value of the vehicle at the end of your lease term.Then comes the interest payment. This is where the lease company makes their profit. You will be charged interest on the cost of the vehicle plus the expected value of the vehicle at the end of your lease.
Ensuring that leasing is right for you is the fundamental question you must ask yourself before you start your leasing journey. Think of leasing a car as a long journey. First, you must know that your destination is definitely the right place for you to go. Leasing opposed to buying comes with several advantages but there are some drawbacks. Here we'll highlight these for you.
The responsibility for servicing and maintaining your lease car lies with you. But do lease cars include servicing? We'll take you through everything you need to know in this article.A car service covers essential maintenance on the vehicle. It includes things like replacing the oil, changing the oil filter, checking all engine components and electrics. It also includes checks on wearables like tyres and brakes. The car service is designed to keep the car running smoothly and to prevent any major faults as a result of the car not being maintained.
Choosing to start your first lease is one of the cheapest ways to drive a brand new car. The initial payment is far lower than paying the deposit on a new car purchase. The monthly repayments are also lower, and when the lease term ends you won't be charged a penny more unless you've exceeded your mileage allowance. But, despite being the cheaper option, driving a lease car still comes with a price tag.
OSV Limited is an Appointed Representative of Automotive Compliance Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows OSV Limited to act as a credit broker, not as a lender, for the introduction to a limited number of finance providers and to act as an agent on behalf of the insurer for insurance distribution activities only.
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