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How leasing works

Leasing explained

A lease is essentially a long-term rental agreement, offering exclusive use of a vehicle for a set period at a fixed monthly price.

As a business, this is the most cost-efficient method of funding vehicles as it takes advantage of tax and vat regulations to reduce the whole-life running cost of your vehicles. My special offer deals are made possible by the buying power of the leasing company and the Genus national franchise - reducing the cost even further!

The greatest cost of running a new vehicle is depreciation, and many lose more than half their initial value after the first three years of ownership. With my deals there's no worry or risk of ownership at the end of the contract. We simply collect the vehicle and (hopefully) deliver your new one and off you go again! Simples!

Leasing a vehicle helps avoid any unexpected costs by offering a fixed monthly payment for the term of the lease.

Unlike dealer finance or bank loans you only pay for the depreciation of the vehicle over the term rather than the full capital value.

Rather than pay large deposits you simply pay a small initial amount. This can be as little as one month's payment but is usually the equivalent of three monthly payments, at the start of the lease.

At the end of the lease period, typically two, three or four years, you simply hand the car back. The job of selling the car and picking up the tab for the depreciation is the responsibility of the leasing company!