| What is Car Leasing? | | | | - Owning a brand new vehicle |
| Many people are choosing to buy their new car on | | | | - Your choice of colour and specification |
| lease agreements nowadays. This gives you the | | | | - Accident free and mechanically sound |
| chance to own a brand new car without the | | | | - Latest features |
| upfront costs of buying a vehicle outright, as you | | | | - Low initial payment |
| would typically do at a car dealer. | | | | - Easy options at the end of the deal (you don't |
| There are many types of car leasing agreements. | | | | have to sell the vehicle, either hand back or trade |
| Why buy a new car on a leasing scheme? The | | | | in against a new car leasing deal) |
| main reason is that you can spread your | | | | Cons |
| payments over a fixed term but start driving | | | | - Cost is higher than a used model |
| your new car straight away. Maintenance charges | | | | - Depreciation of vehicle is high initially |
| can also be kept to a minimum depending on the | | | | - Insurance could be higher for a new car |
| service schedule. | | | | - Early termination can be costly |
| Buying your new lease car on the Internet | | | | - Can be costly if you go over the annual mileage |
| Buying over the Internet protects the buyer | | | | agreement |
| under the Distance Selling Act. When buying from | | | | - Must return the car in good condition or |
| a car leasing website make sure that the | | | | penalties will apply |
| company displays their full contact details such as | | | | Reasons not to lease a car. |
| phone number, fax number and full address (not a | | | | - If you are not sure how long you will need a car |
| P.O. box). The Internet is a very useful tool for | | | | or you may be getting a company car in the near |
| comparing prices from different companies, all in | | | | future |
| the comfort of your own home. | | | | - Not cannot guarantee that you can meet the |
| When looking at new lease car prices on the | | | | monthly payments or have a regular income |
| Internet make sure there are no hidden extras | | | | - You have a high annual mileage |
| and whether VAT is inclusive or exclusive. If | | | | - You do not look after your cars |
| necessary call and speak to a representative and | | | | - You do not like to be in debt or owing money |
| ask as many questions as you like - if you are | | | | GMC Leasing is an independent car leasing |
| not happy with the answers move on to the | | | | company specialising in personal and business |
| next one. | | | | contract hire. We also arrange all other types of |
| New Lease Car - Advantages and Disadvantages | | | | finance including finance lease, lease purchase, hire |
| Pros | | | | purchase and cash sales. We can finance any |
| - Full manufacturers warranty | | | | make on model new or used. |
| - Better safety features | | | | |