This seems to be the buzz words when it comes to deciding whatt is car lease, it is an extended test drive, except that you pay for the time you have the car. So what are the differences between leasing and buying, well this “Lets Find Out” article does seem to explain the advantages and disadvantages pretty well, although it is American and aimed at the private lease market, that does not have any tax advatages, you may find with business lease.
Clearly lease is not for everyone and it opften can cost more in the long run, so watch the information and make up your won mind if it is worth investigating.
Another financial piece on whether you should lease or buy from the American market. In the USA the banks are very much involved in a car lease deal and with banks not so eager to lend money in the current climate. There is also some comments regarding the kind of car you choose to lease, for example SUV’ in the states are no longer popular and so the garages do not want them after the term of the lease.
This is a news channel with a qualified financial adviser as its guest talking about car lease. He claims that car lease can be cheaper but you never run out payments, where if you own there will come a time when the finance payments end and you own the vehicle.
We though we would scour the internet looking for other peoples opinion on whether to lease or to buy your next car for business or personal use. This first piece we have found is from the States, as we expect most to be, but the information supplied could be applicable to car lease in the UK also. It suggests that the mileage you will do could help with your decision and that sometimes a used car could be the answer.
We will always list these information videos under international so you know to take them on face value for information only.
