Personal Car Leasing
Find out more about personal car leasing with Jacksons Leasing
More and more people are turning to leasing a car than ever before as it is the most cost effective way to finance a new vehicle without the huge upfront payments. Additionally, the fixed terms and payments make leasing a very good way to help manage your personal finances.
What is Personal Car Leasing?
Very similar to renting a car, car leasing is a fixed term agreement that allows you to order a vehicle of your choosing, make, model, and all the specific options you would like. Contracts normally run between 24 and 48 months and are tailored to your needs in terms of the mileage required.
At the end of the lease agreement, you simply return the vehicle and start your next vehicle lease if required.
Advantages of Personal Leasing
There are a few elements that should be noted when looking at personal leasing:
- Flexible initial payment
- Fixed term contract
- Fixed mileage contract
- Fixed cost motoring
- Flexible profiles to suit you
- You only pay for the use of the vehicle
- At the end of your contract simply hand the vehicle back
- Option of including maintenance with the contract
- No depreciation or disposal risk
There are plenty of advantages to personal contract hire, but like most financial agreements there are some disadvantages to look out for:
Disadvantages of Personal Leasing:
- The vehicle must be returned in a well maintained condition
- Early termination can be expensive
- You must have fully comprehensive vehicle insurance
- You will never own the vehicle