Car Leasing or Buying? - Page 2
4) Understanding what makes a good leasing deal is key to getting a bargain. You should make sure that you get a low OTR price, keep the interest rate and administration costs as low as possible and make sure you choose a car with a high residual value.
5) Keep to the lease agreement; leasing can get costly if you go outside of the terms of the contract.
• Track your monthly mileage; consistently ensure you do not go over the annual target set.
• Keep the car well maintained, in line with the manufacturer's and dealer's specifications. Any excessive wear and tear to the vehicle may cost you when the contract ends.
• Having the car stolen or written off during the contract is sometimes viewed as an early termination and carries cost penalties with it. Make sure you are not leaving yourself liable to extra costs if the contract ends prematurely.
• Drive safely, not only for yourself and passengers' sake, but also to keep the car in the best condition possible and gain the maximum benefit from returning it to the dealer.
These are the main benefits you can gain, and responsibilities you have from leasing a car, and the best way to obtain years of new cars and trouble free motoring.