What is car leasing?

What is car leasing?

If you want to change your car every 4 or 5 years, car leasing is a cheaper way to obtain a car than by buying it. It is very common for businesses to use car leasing as it has many benefits such as 50 – 100% exemption on VAT.  Personal car leasing is also popular as the low monthly payments enable people to drive a better car for less than they would have to pay if they were’ buying’ it on finance.  At its most simple car leasing is a commitment to pay an upfront fee (usually 3 months) followed by monthly payments to a car leasing company for a 2 to 4 year period and in return the agreed vehicle is delivered to your door.

 

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