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Monday 22 August 2011

Useful Tips And Hints About Benefits Of Car Leasing

By Graham White


Not everyone is lucky enough to be in the financial position to walk into a car showroom and hand over a large amount of cash for a new car. The majority of people would need to consider a loan or finance deal and end up paying a fortune towards the interest payments each month. However, many individuals are now waking up to the advantages of car leasing schemes.

Nearly all car dealerships can and will accommodate customers looking for a car leasing scheme. The dealer benefits because it increases their client base and helps to generate opportunities for repeat business when a lease term elapses. In addition, the dealers retrieve the car to sell on, in their second-hand market.

Car leasing schemes generally cover a period from three to five years as dictated in the lease contract. If both parties to the contract agree, they can include the insurance and ongoing maintenance and servicing of the car to be included. This would be reflected in the lease payments, but means the driver has a period of worry-free motoring.

Prior to signing a lease, individuals should pay particular attention to any exclusions or excess clauses contained in the terms and conditions. Being aware of potential costs beforehand may allow the driver to negotiate changes to the lease terms and prevent them being faced with unforeseen costs at some point during the lease period.

Getting access to a new car without having to take out a loan with high interest rates is one of the real benefits of car renting. A lease that allows the driver to add in the maintenance and insurance cover as part of the package means that everything is dealt with in one go. Alternatively, those who prefer to test the market and find insurance cover elsewhere are free to do so.

Car leasing has benefits for both parties to the agreement. The driver gets a new car and does not have to bother about selling it at the end of the lease. They just hand it back to the dealer. Providing they have been satisfied with the level of service, there is nothing to stop the driver taking another lease car from the same provider.




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