When it comes to the time when you need to start looking for a new car you may consider leasing as an option. If you decide on this method you may need information on the benefits of leasing a car, just what is involved and how to go about it.
You need to choose a car that suits your lifestyle and budget. There are many websites to browse where you can find out about options and deals in your area. If you aren’t sure about which make and model then this can also be done on line too. You could commence by using a search engine with information about your budget, the engine size you would like or your preferred manufacturer. This will narrow down the search for you and it will tell you where your nearest dealership is.
Before taking out a contract you need to consider your requirements as this will affect your monthly rental. Consider your yearly mileage as accurately as possible in order that you don’t incur excess charges. Although no-one can predict a change in circumstances such as a change in job. If you do encounter any changes that will affect your mileage it is best to contact the finance company.
Once you have decided on the vehicle the dealership will send you a quote setting out terms, conditions and payment details plus you will need to complete a finance application. This will ask all the standard questions plus they may want proof of address and copy bank statements.
As soon as the financial application has been approved your vehicle will be ordered. Some dealers prefer you to send them an e-mail confirming you want to proceed but this is straight forward.
When your car is delivered you may want to consider:
- Checking for damage, scratches or any missing items
- Check that you have your warranty and service book.
- Check the mileage and make a note of it. It is helpful in the future if you have gone over the specified mileage
If there is anything wrong with the vehicle you have two options, you can refuse delivery or you can make a note of any issues and contact the dealership and the finance company.
Once you have accepted and signed for the vehicle then it is up to you to make sure that the vehicle is kept in good condition and roadworthy. When leasing a car there are options such as the inclusion of a maintenance contract. In this case it is your responsibility that the car attends all appointments.
When your contract is coming to an end and if you want to continue leasing then it is recommended that you start this process 3 months before the expiry date. If you want to continue leasing the same vehicle you should contact your finance company. An important point if you are returning the vehicle then take photographs of it indicating its condition when it left your possession.
If at some point during the lease you need to return the vehicle you can do this but there may be a cancellation fee depending on which finance company you have chosen.
Leasing a car is the preferred option today as the benefits outweigh any negatives.