Consider leasing instead of buying
1) Do the maths
The big benefit of leasing a car is that you get a new car for less than you would be shelling out if you bought one.
So before you sign up to any deal, make sure you are completely clear on just how much you are going to be spending, an ensure that it does indeed present a better deal than buying a new car.
2) Get the right insurance
Fully comprehensive insurance is compulsory if you take out a Personal Contract Hire. This is because in the event of an accident, it ensures that the party with the ‘insurable interest' (who they pay in the event of an accident; i.e., the rental company) will be compensated for any damage incurred.
3) Consider servicing
Servicing of the car is not included, although you can buy a maintenance package through the company which includes servicing. The costs of this in comparison with going directly to the dealer vary. So shop around before you decide.
4) Make sure you read your contract
There are also possible issues that could arise when returning your car, which is why it is vital you read the contract carefully before signing anything, especially the wear and tear policy.
The term 'wear and tear' is rather abstract, and what looks like just a few stone chips to you may be interpreted as a deep scratch by the company. If any repairs are needed, you will be charged.
Retweet
Comments (
Facebook