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 .
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