Car leasing benefits

If you are considering buying a new car then you may want to consider leasing. Leasing is a way of affording a more expensive vehicle and often has added perks such as insurance, tyre and service packages built in.

When leasing a vehicle you do not own it, you effectively rent it from the leasing company over a set period. This is usually 2-3 years. If you are looking for a shorter term lease you will usually have to pay a higher monthly payment.

One thing to bear in mind when leasing a car is that when you hand the vehicle back at the end of the term, it will be checked over for damage. If there is any damage and this includes damage to the wheels, you will have to pay a fee. This fee can be quite high, often it is a fixed fee of £40-£50 per wheel that is damaged and a lot more for body work damage.