What is personal car leasing?

What is personal car leasing?

Personal car leasing is car leasing specific to an individual rather than a business where:

  1. a person obtains a car from a leasing company or a dealer by committing to making an agreed monthly payment for a 2, 3 or 4 year period.
  2. they pay an upfront fee (usually 3 months if they have a good credit rating) and take possession of the car for the agreed period ,after which they hand the car back to the car leasing company or dealer and can get a new one.
  3. legal ownership is retained by the finance company.
  4. Often the car is delivered to your door.

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