car lease uk
Charlie McCullagh from Car Lease 4 U reveals some of the tricks of the fleet car trade car lease uk.
Some vehicle leasing companies will offer what appear to be incredible deals to get your business. But not all companies are the same. Leasing a car is a great way to drive the latest vehicle and let someone else have the worry about its depreciation and warranty issues, but customers still need to be aware of some issues around leasing.car lease uk
This blog post highlights five of the biggest traps people can fall into when leasing a car car lease uk:
1. Enhanced deposits One of the most common tricks is for the leasing company to make its monthly repayments appear lower is to ask for a big initial deposit. Generally, the deposit should be three times the monthly payment.car lease uk
2. Lease length Most car leasing plans are for 24 or 36 months which is what people are expecting. However some firms will offer 48 or 60 months so the repayments fall. Be aware also of firms offering odd plans such as 40 months – the issue here is that the vehicle’s warranty is probably only good for 36 months which means you will be liable for anything that happens in the four extra months car lease uk.
3. Car lease quotes It’s always advisable to shop around for quotes but you need to ensure that your quotes are for the exact same vehicle. There could be confusion because many manufacturers produce so many different versions. Get written quotes so you can compare – verbal quotes are not very useful.
4. Unlimited mileage deals The first thing to understand is that there isn’t any such thing when leasing a vehicle. There is a residual value (what the car is worth at the end of the lease) which is calculated by its age and mileage. There will be a figure in the contract to define the mileage – go over this and you will be charged extra for it.car lease uk
5. BVRLA Don’t make the mistake of using a car leasing firm which isn’t part of the British Vehicle Rental and Leasing Association. Members have a code of conduct to adhere to and there are regular checks to ensure they comply with the Association’s regulations. The leasing car market is fiercely competitive and some firms will try every trick in the book to get you signed up to a car leasing deal which may not be suitable for you. If the firm is a member of the BVRLA you have somewhere to take a complaint to car lease uk.
Most car leasing firms are happy to answer any questions you may have and they pride themselves not just on their deals, but also for their customer service.
“Potential customers should always shop around for quotes for the exact make and model from several sources and then weigh up the best package for them,” says www.carlease4u.com managing director Charlie McCullagh.
“By doing this you will understand exactly what is being offered and will, more than likely, discover just which are the honest firms you should be dealing with.”
Charlie McCullagh is a Sales Executive at Car Lease 4 U a provider of top car leasing deals and solutions all over the United Kingdom car lease uk .