What is car leasing?
If you are considering leasing a new car and would like more information about how it works then we're here to help. Here is what you need to know...
Leasing a car can be thought of as like a long-term rental contract. You have use of a brand-new car over a fixed period of time for a set fee. It is often much cheaper than purchasing a car and avoids the ownership pitfall of depreciation.
The amount you pay for a lease varies depending on the make, model and derivative of your vehicle, as well as the structure of your contract.
When your lease contract ends the car will be returned to your finance provider. They will usually contact you to arrange collection of the vehicle and then carry out their final checks.
Did you know... that leasing is also known as Personal Contract Hire, or PCH for short.