New Lease Car Buying Guide

What is Car Leasing?Many people are choosing to buy their new car on lease agreements nowadays.
This gives you the chance to own a brand new car without the upfront costs of buying a vehicle outright, as you would typically do at a car dealer.There are many types of car leasing agreements.Why buy a new car on a leasing scheme? The main reason is that you can spread your payments over a fixed term but start driving your new car straight away. Maintenance charges can also be kept to a minimum depending on the service schedule.Buying your new lease car on the InternetBuying over the Internet protects the buyer under the Distance Selling Act. When buying from a car leasing website make sure that the company displays their full contact details such as phone number, fax number and full address (not a P.O. box).
The Internet is a very useful tool for comparing prices from different companies, all in the comfort of your own home.When looking at new lease car prices on the Internet make sure there are no hidden extras and whether VAT is inclusive or exclusive. If necessary call and speak to a representative and ask as many questions as you like if you are not happy with the answers move on to the next one.New Lease Car - Advantages and DisadvantagesProsFull manufacturers warrantyBetter safety featuresOwning a brand new vehicleYour choice of colour and specificationAccident free and mechanically soundLatest featuresLow initial paymentEasy options at the end of the deal (you don't have to sell the vehicle, either hand back or trade in against a new car leasing deal)ConsCost is higher than a used modelDepreciation of vehicle is high initiallyInsurance could be higher for a new carEarly termination can be costlyCan be costly if you go over the annual mileage agreement.Must return the car in good condition or penalties will applyReasons not to lease a car.
If you are not sure how long you will need a car or you may be getting a company car in the near futureNot cannot guarantee that you can meet the monthly payments or have a regularincomeYou have a high annual mileageYou do not look after your carsYou do not like to be in debt or owing moneyGMC Leasing is an independent car leasing company specialising in personal and business contract hire. We also arrange all other types of finance including finance lease, lease purchase, hire purchase and cash sales. We can finance any make on model new or used