Any Car Online | Contract Hire Car with No Deposit Option

1. IS IT BETTER TO LEASE OR BUY A CAR? ANY CAR ONLINE Car leasing allows you to benefit from having a new car and changing it every 2, 3 or 4 years without losing thousands of pounds in negative equity. TWO POSSIBLE OPTIONS Sensible Option You decide to continue with your current car and see out the period until the finance ends. You now own the car and have an asset, however little it may be worth at this point. You can then sell or trade. The Vicious Circle The dealer convinces you to fund the negative equity in with the new car finance, therefore if you have £2500 of negative equity and the new car is £10,000 you finance £12,500 against that car. THE SOLUTION Car leasing, also known as Contract hire. In the past contract hire has been associated with business and company fleets however this is no longer the case. Personal car leasing is increasing rapidly throughout the UK with personal contract hire or personal contract purchase (PCP) being the most popular. THE DIFFERENCE As an example, if you lease a £25,000 car that will resale at £18,000 after 36 months, you pay for the £7000 difference over the 36 Month term, plus finance charges, plus possible fees. When you buy, you pay the entire £25,000, plus finance charges, plus possible fees. This is the reason why car leasing offers substantially lower monthly payments than buying. Leasing your car through contract hire gives you the benefit of knowing what you are required to pay each month with no payment when you hand the car back at the end of the lease. In most instances you have a brand new car with a manufacturer's warranty. Sources: www.anycaronline.co.uk