Car & van leasing is a way of renting a car or van on a long term basis. People save money by leasing. Dealers make money and still own the vehicle at the end of the lease. It is an alternative that many businesses use to provide transportation for their employees.
Usually a person who leases a vehicle has a limit on the number of miles it can be driven per year. The length of the lease can be two, three or four years. It is negotiated at the time of signing the agreement. Usually the number of miles is ten thousand. Some leases include all maintenance. The person who takes out the lease pays only for gas and insurance.
The car or van goes back to the dealer at the conclusion of a lease. He or she sells it for a profit. The lessee can buy it at that time, but rarely wants to. He or she wants to drive another late model car instead.
Payments on a lease are lower than payments on a new car. The lessee does not have to be concerned about depreciation in value. He or she can drive a new model every two, three or four years depending on the terms.
The van or car is owned by the dealer at the conclusion of a rental agreement. He or she has the advantage of selling it for profit at that time. Payments are similar, but generally lower than car payments for outright ownership. The calculations are based on something called the money factor.
The actual lease is called a finance lease. The financier buys a car for the customer to lease and collects monthly payments from the lessee. The payment responsibilities are the same as for purchasing a new car & van from the dealer. The differences are lower monthly payments and ownership does not transfer to the lessee at the end of the lease.
Car leasing provides you with the opportunity to drive an exquisite vehicle every thirty six months. You can find information about the best van leasing firm in the United Kingdom, today.
This entry was posted on Thursday, February 9th, 2012 at 9:46 pm by Adam Ellis and is filed under Cars. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
Source: http://house-home-centired.co.za/2012/02/car-vehicle-renting-was-easy/
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