It’s not surprising that most people don’t understand how car leasing works in the UK. Although it’s an established practice in the USA, it has become available in the UK only in the last few years. However, it’s not something that is generally offered through high street car dealerships, but it can mostly be found offered online.
Read on to discover what you need to know about car leasing.
There are two types of car leasing agreements. Personal car hire agreement is purely based around hiring a car. For example, at the end of the term, you will be expected to return the car. However, personal contract purchase – PCP is the option where you can keep the car when the term completes.
What most people find appealing about personal car leasing is that in the long term it can work our far less costly than it would to take a loan to buy a car. This means that you have more leeway with choice, as your budget will go further so that you can get a car that you really want as opposed to just getting the car that you can afford.
You’ll find that both road tax and maintenance (depending on which package you opt for) will be included as part of the monthly lease agreement price.
To put it simply, it’s possible to enjoy a new car every 2 years for a highly competitive amount that you pay per price. You’ll have access to the best fuel economy in addition to the comfort and the best technology that comes with a new car, without needing to worry about selling it for a lot less than you bought it for.
You may also want to enjoy using the optional maintenance package that will cover new tyres, service and MOT. You can read more at www.reevuze.com.