Affordable Car & Van Leasing For Both Business and Personal Use
Leasing a car or van rather than purchasing outright is becoming more and more popular here in the UK and it’ easy to see why – you can lease a brand new car or van for either 18 months, 24, 36 or 48 months and all you have to do is keep up with the affordable monthly payments.
There’s no having to worry about depreciation in value or selling the vehicle on when the time comes and at the end of you lease term, you simply return the vehicle and start a new contract with another brand new vehicle of your choice.
If you’re new to leasing, you might have a few concerns about how the whole process works and what to expect when you lease a car or van, that’s why Clear Car Leasing have compiled this short article which covers the top 5 questions many customers ask when they first approach us – we hope it helps ease any concerns you may have and prove to you just how simple it is.
1. Is there a minimum age limit or upper age limit when leasing?
So long as you’re aged 18 years or over, hold a full valid UK driving licence, can afford the monthly payments and pass a credit check, then anyone can lease a car or van with Clear Car Leasing, so you’re never too old to start leasing!
2. Can I Lease A Car or Van If My Credit Score is Low?
Every customer has their credit history checked when applying to lease a car or van and the result of this plus other factors such as whether you can afford the monthly payments or if you have other current loans you pay for are taken into account and a decision made based on all this information. It is in the lenders best interest to make sure that the lessee can keep up with the monthly payments.
It’s advisable to check your current credit history score prior to applying for vehicle finance – most lenders are looking for a ‘good’ to ‘excellent’ score, however as we have already mentioned, the overall decision is not based purely on this result.
3. Is A Deposit Required When I Lease A Car Or Van?
Yes, an initial rental/deposit (non-refundable) is required which generally equates to 3 of your agreed monthly payments, so for instance, if you lease a car for £300 per month for 36 months, we would expect an initial payment of 3 x £300 = £900 followed by 35 months in which you pay £300 per month until your contract ends.
Of course, the higher initial rental/deposit you opt to pay at the start of your lease term, the lower your monthly payments and vice versa.
4. Is Insurance Included In My Lease Contract?
No, you are responsible for ensuring that the car or van you lease from us is insured and only a fully comprehensive insurance policy is acceptable when leasing or you could consider GAP Insurance as a preferred option.
5. What Happens When My Lease Contract Ends?
As your end of lease date approaches, you will be contacted to arrange for the inspection and collection of your lease car or van. The vehicle will be checked over for any damage not covered under the BVRLA Fair Wear & Tear guide and to make sure you’ve not exceeded your agreed mileage allowance.
Please be aware that exceeding your agreed mileage allowance could result in end of lease charges for every mile over you cover.
For more information regarding our business/personal car & van leasing services and special offers, please give us a call TODAY on 01904 55 75 44 or email: firstname.lastname@example.org
Chat with us NOW using our online ‘We Are Here!’ service or simply complete our ‘Quick Quote’ form remembering to choose either Business or Personal.