When the time comes to change your current car or van, do you consider car leasing or van leasing?
Leasing has certainly become more popular over recent years with many more people choosing to lease their new car or van as opposed to buying one.
I think one of the reasons many people are choosing to lease their next vehicle is the low monthly payments that many of the leasing companies now offer and the flexibility to choose the length of your agreement too.
Obviously the longer you have the agreement over, the cheaper the monthly payments are but this will all depend on your financial situation at the time you take out the agreement. Once you have signed the agreement you will then be committed to it until it finishes.
Most contracts will also include things such as road tax, tyres, exhausts, servicing and warranty cover, leaving you with the peace of mind that you should have trouble free motoring for the next few years.
The length of your contract is normally anything between 2-5 years but this may depend on the vehicle you are leasing and the company’s terms and conditions. There is a small deposit to pay which is usually just 3 months rental payments.
Once the contract comes to an end most leasing companies will give you the option to simply hand the keys back and take out another leasing contract or some will also give you the option of purchasing the vehicle.
Just think if you choose to lease a car or a van you could be driving around in something which you never ever thought you would be driving as it’s always been out of your price range to buy!