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Frequently asked questions about car leasing

Does car leasing include insurance?
As standard insurance is not included in the monthly payments for a car leasing contract, it is the responsibility of the individual or business leasing the vehicle to arrange insurance - similar to if you were purchasing a car on finance.

What is contract hire and leasing?
A GUIDE TO PERSONAL CONTRACT HIRE. Personal Contract Hire (PCH) is a car lease that allows you to drive a new vehicle over an agreed period of time and mileage. ... At the end of your personal contract hire agreement, you will need to return the vehicle to the finance company.

What is initial payment on car lease?
When you lease a car you have to pay an initial payment. This is essentially a deposit that you put down at the start of the contract. This can also be referred to as the down payment. The down payment of a lease car historically used to be a number of monthly payments

Is Leasing a car better than buying?
Your monthly cash flow: Leasing a car often has a lower monthly payment compared to financing a car with the same loan terms, since with a lease you're paying for the depreciation of the car during those years rather than the whole vehicle cost.

Do lease cars include servicing?
Car Leasing Maintenance Packages. One of the options available with leasing your next vehicle is whether or not to take out a Maintenance Contract. Maintenance can be added to your lease for a fixed additional monthly cost, to cover servicing, replacement tyres and other repair costs.

Do I have to service my leased car?

If you do not have a maintenance package included in your contract, you will need to arrange for the vehicle to be serviced and/or MOT at the appropriate intervals. ... If you'd prefer use a local garage for your service, the garage must be VAT registered and genuine manufacturer parts must be used on the vehicle.

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Posted on 23rd November 2018 at 5:46 PM

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