After looking at why you should be leasing, now it is time to look at what you need to think about in choosing your lease, and how it works.
These factors are the same regardless of which car you choose, so this is all about the mechanics of how leasing works, what can affect your payments, and what we can do to help you in making these choices.
You need to decide on what profile you would like to go for, this profile is made up of the points below;
Initial Deposit
This is usually 3 or 6 months upfront, paid 10-14 days after your new car arrives. It can also be set to a specific figure such as £ 1500 if required. We believe that you should put down as little as possible, as there is no return on your deposit.
Agreement Length
This is usually 24 or 36 months, but some funders can go as short as 12 months or as long as 60. We will always help you make the best choice that balances the best offer, your budget and your needs.
Mileage
Mileage
This is set at the start of the contract and should reflect the mileage you expect to do on an annual basis. Two things to remember with this is that you may be charged for excess mileage if you go over this amount, however it can be increased during the term of your agreement with a corresponding change to your monthly payment
So taking these into account, an example of how we might discuss your profile is“ 3 + 35m, 10kpa” which would be a 3 year lease with 3 months upfront and 10,000 miles per year. It’ s important to make sure you are clear on exactly what you are agreeing to and being quoted on. One of the main features of a lease is that once you have agreed to enter in, you are tied for the period and it’ s not possible to part exchange or easily come out of the contract. That is why one of our cornerstones is that it has to be right for you, to be right for us.
7: @ KingoftheRoadUK: Simplicity Cars: http // www. simplicity-cars. co. uk: andy @ simplicity-cars. co. uk