Car Leasing: The Pros And The Options

by : Shaun Parker

Car leasing is an alternative to buying a vehicle in which the recipient typically pays a down-payment on a vehicle and a monthly fee for use of a vehicle. The vendor will typically stipulate terms and conditions such as the maximum number of miles the vehicle can be used without having to pay a surcharge. This is usually set at between 12,000 and 15,000 miles but if you are keen to lease a car and think you will use it more or less than the standard amounts it is possible to negotiate the terms you are offered. Car leasing is mainly utilised by businesses that do not want the risk and high initial outlay of purchasing a vehicle. Car leasing allows a company to manage the cost of a company car. Ordinarily the leasing company will include breakdown and mechanical cover meaning that the person leasing the vehicle does not have to worry about unexpected costs that are typically associated with running a car.

The option of car leasing often enables people to finance vehicles that they wouldn't normally be able to afford. So what cars are available on car leasing schemes and how much will they cost you?

The BMW X5 3.0D SE auto

The BMW X5 3.0D SE Auto comes complete with dynamic pack, media pack and Nevada leather. A typical pricing plan based on a 12 month contract hire basis is a deposit of around 1600 pounds followed by 11 monthly instalments of 540 pounds. This would be calculated on a non-maintenance basis with a limit of 10,000 miles usage over the year. Further administration fees would be added but if you are looking for a great looking high quality executive company car this would be an excellent choice.

Peugeot 207 GTi

The Peugeot 207 GTi 1.6 16V THP 175 3Dr is widely referred to as the ultimate hot hatch. So if you are looking for a stylish small car with a bit of punch it could be for you. With a deposit of around 600 pounds and a monthly payment of 200 pounds per month over the 11 months it can be an affordable way of financing the use of a vehicle. These estimates are based on a maximum mileage use of 10,000 miles for the year. These vehicles typically come with metallic paint.

Peugeot 207 Coupe Cabriolet

The 1.6 16V Sport Tip Auto 2 Door Peugeot 207 Coupe
Cabriolet is the perfect option for the summer. With a retractable roof and sporty looks it is a great option for business users that want to make an impression. With an initial deposit in the first month of 600 pounds the following 11 months will cost 200 pounds per month. It is probably advisable to set aside some money in your budget for maintenance costs or include it in your agreement with your provider. Also if you plan to use it for more than the typical 10,000 miles then discuss it with your provider and arrange your agreement accordingly.

Mercedes A150

The Mercedes A150 Classic SE 5Door Hatch comes in some stunning colour and is a class above the other cars in this category. At 600 pounds for the deposit and a further 200 pounds per month for a 12 month contract it is a great option for people looking for a small but prestigious vehicle. It would make a great company car as the brand gives a sense of class and distinction that will enhance the image of the driver.