You decide on the car you want and negotiate your best price with your broker (or get a pre-arranged price or special lease deal). The broker will calculate your monthly payment based on the negotiated price and other non-negotiable factors, such as finance rate, that are provided by the lease company. You may lower your monthly payment by making a larger first payment if you choose. Your payment will also be subject to VAT.
Signing a car lease contract means that you agree to make regular monthly payments, maintain your vehicle, keep appropriate car insurance, pay any and take good care of the vehicspeeding or parking fines. Further, you agree that you'll keep the car for a specified number of months — typically 24, 36, or 48 months — and you're expected to keep the car to the end of the contract term.
At the end of a lease you're expected to return your vehicle to the car leasing company with no more than normal wear and tear. You'll have to pay for any damage or extra mileage over and above your contract-specified limits.
This is regulated by our industries BVRLA
For anyone thinking about leasing a car, it's very important to understand what leasing is — and what it is not — and how it works and if you have any questions no matter how small just give us a call.