Opting for a lease vehicle gives you a whole host of flexible options. Many consider leasing a car to be the cheapest way to get behind the wheel of a new car. While leasing offers a great deal more flexibility than purchasing a vehicle there are some limitations. In this article, I'll go over all of the flexible options you have when choosing to lease and what are the limitations of a lease.
One of the most common questions we hear from first-time leasers is. What am I liable for when leasing a car? Leasing has a greater advantage over buying in this instance. This is because your liability for a lease car is limited. So what am I liable for when leasing a car? Well, let’s take you through your liabilities as the leasee.
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
With so many options on the market for every category of vehicle from SUV's to small town cars, how do you choose what is right for you? This comes in at number one in the things you need to research before contacting a leasing broker. I recommend making a list of all the essential features the vehicle needs to have to meet your requirements. Consider your daily vehicle usage and the type of roads you usually drive on. Think about the space you need in the boot and cabin. You may want to consider fuel efficiency if you're likely to do a lot of mileage. Then, the desirable features of your ideal car. Perhaps you'd like to have a DAB radio, Bluetooth integration or TV's for the kids installed. Now you have a pretty good picture of the type of car you need and the features you want you can begin the next process.
The initial payment on a car lease is the amount of money that the driver can afford to put towards the overall lease cost up front. Not to be confused with a deposit, the initial payment allows the driver to spread the remaining cost over the number of months in their contract. The more that can be paid up front, the less the monthly payments will be.
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 lender, for the introduction to a limited number of finance providers and to act as an agent on behalf of the insurer for insurance mediation activities only.
OSV Ltd a Registered Company in England and Wales No: 04533176 and whose registered office is D1 Yeoman Gate, Yeoman Way, Worthing, West Sussex BN133QZ.
VAT Reg No: 946 3911 02 ICO: Z1606144
Finance is subject to status.