As an
example, if you lease or hire a car that could cost £20,000, but
will be worth
as a used car only £13,000 after 36 months, you pay for the £7000 difference (this is
called depreciation) plus finance costs.
When you buy a car with cash or with a bank loan, you pay the
entire £20,000, plus loan interest charges, plus fees.
This is
fundamentally why leasing or hiring offers significantly lower monthly
payments than buying, these contracts also allow you to drive a more
expensive car than you could afford if buying outright, and a new car
every two or three years.
Bear in mind
that you will be subject to a credit check by the finance house prior to
acceptance, if you know you have credit issues inform
us and we will usually source the right finance option for you.
Contact us to
quote you for your new vehicle, we will be happy to help.
As an
example, if you lease or hire a car that