Historically in the UK, private purchases of vehicles have been funded with bank loans or personal savings. A growing number of people, however, now seem to have discovered car leasing. There are many reasons why people are switching over to a car lease. Among them are preserving other valuable credit lines, reducing your monthly outlay by only paying for the depreciation, having fixed cost motoring over the term, and the convenience of not having to deal with car salesmen at the beginning or selling your old car at the end.


When you apply for a personal loan on a vehicle, the banks will credit score you for what will add up the total cost of the car. When you are credit scored for a car lease, however, the amount of credit is simply the total of the monthly payments, which add up to less than the cost of the car because the residual value or balloon payment is not considered. Today banks will only lend to a certain limit and those credit lines with your own bank should be preserved for large purchases other than vehicles such as conservatories, holidays and weddings.



Car Leasing was originally designed to improve a company’s cash flow, but it is equally helpful for personal contracts. Because only the depreciation of the car is repaid, the car being handed back to the funder at the end of the contract, the monthly payment is considerably less. When you take out a personal loan to pay for a car outright, by the time you come to change the car you will usually own the car outright. The money paid to finance this residual value could have been used elsewhere, even in a more rewarding savings scheme if the money was spare!


For some people though, the main reason of taking a car lease is that it is so hassle free! Most people will order their car over the internet and never have to set foot in a car dealership to haggle with the salesman. At the end of the contract there are no ‘tyre kickers’ knocking at your door wanting to make you an offer for your old car. The funder delivers your new car to your door and will collect at the end of the contract. And finally, all main funders adhere to an industry standard fair wear and tear policy, which means no unreasonable end of contract charges should be made.
LVM, Best Car Leasing Deals offer car leasing for Audi, Mercedes, VW, Fiat, Ford, Skoda, Nissan, Hyundai, Honda, Suzuki, BMW, Toyota, Mini and Mazda to name but a few.


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LVM - Best Car Leasing Deals
35 High Street
Sandridge
City : St Albans
State : Hertfordshire
AL4 9DD
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Website : http://www.bestcarleasingdeals.co.uk/