Article Categories

»	Arts & Entertainment
»	Automotive
»	Business
»	Careers & Jobs
»	Education & Reference
»	Finance
»	Food & Drink
»	Health & Fitness
»	Home & Family
»	Internet & Online Businesses
»	Miscellaneous
»	Self Improvement
»	Shopping
»	Society & News
»	Sports & Recreation
»	Technology
»	Travel & Leisure
»	Writing & Speaking

Reprint Article Code

Category: Articles » Automotive » Cars » Article » Article Code

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 ... read more

Article Title:

Article Body:

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 Internet
 
Buying 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 Disadvantages
 
Pros
 
• Full manufacturers warranty
 
• Better safety features
 
• Owning a brand new vehicle
 
• Your choice of colour and specification
 
• Accident free and mechanically sound
 
• Latest features
 
• Low initial payment
 
• Easy 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)
 
Cons
 
• Cost is higher than a used model
 
• Depreciation of vehicle is high initially
 
• Insurance could be higher for a new car
 
• Early termination can be costly
 
• Can be costly if you go over the annual mileage agreement.
 
• Must return the car in good condition or penalties will apply
 
Reasons 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 future
 
• Not cannot guarantee that you can meet the monthly payments or have a regular
 
income
 
• You have a high annual mileage
 
• You do not look after your cars
 
• You do not like to be in debt or owing money
 
GMC 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.
 
GMC Leasing can answer any car leasing questions you have – just call free on 0800 655 6005 or visit www.gmcleasing.co.uk

Author Bio:

Some other recently published cars articles

Mariner Receives Upgrade for 2008 Model Year by Glady Reign
In the competitive world of the automotive industry, car manufacturers have to be on their toes all the time. They always have to ...

Camry Hybrid 50th Anniversary Edition to hit Showrooms in March by Glady Reign
Toyota has been successfully doing business in the US for almost 50 years. In connection with their celebration of their 50th year of operations in the United States auto jungle, they will be producing a limited number ...

Lean Business System Key to Toyota's Success by Glady Reign
Toyota has been enjoying much success in the automotive industry. In fact, they are already poised to take over General Motors' spot as the world's largest car manufacturer. They may even stake the ...

The Ford F-350: A Heavy Duty Vehicle by Glady Reign
Ford has always been known to produce large trucks. In fact, their F150 pickup truck is the best selling truck of all time. ...

Ultra Cool Audi R8 to Be Auctioned To Benefit Fight against AIDS by Glady Reign
In September last year, Audi has introduced to the public the production version of the Audi R8. And from that time, the release of the R8 has been anticipated much by performance car enthusiasts. ...

Kumho to Supply Tires for DaimlerChrysler AG by Glady Reign
South Korea's Kumho Tires has set their sights on the OE business and it seems that they have started to achiever their goal. Kumho's improving standing in ...

Publisher Guidelines

You may reprint this article electronically in your newsletter or on your website, free of charge.

If you reprint this article from our site, then you must keep everything intact. This includes the articles title, author name, articles body, authors bio / resource box, the links contained within the article, all copyright notices and the link pointing back to our site. All links within the article must also be made active / hyperlinks.