A lease is essentially a long-term rental agreement, offering exclusive use of a car for a set period at a fixed monthly price. As a business, this is the most cost efficient method of funding the vehicles as it takes advantage of the tax and vat regulations to reduce the whole life running cost of your vehicles and is supported by the buying power of the finance company, to assist in reducing the cost even further. With the new regulations from 2011, the financial effect of leasing has improved over the option to buy a car. The greatest cost of running any new car is depreciation, and many new cars will lose more than half their initial value after the first three years of ownership.
Leasing a car lets you avoid any unexpected costs by offering a fixed monthly payment for the term of the lease. Unlike dealer finance or bank loans you only pay for the depreciation of the vehicle over the term rather than the full capital value. By leasing you substantially reduce your monthly payments, which often mean you can afford a higher specification of vehicle. You can even add an extra charge for maintenance to this monthly bill to spread the cost of servicing. Rather than pay large deposits you simply pay a small initial amount, usually equivalent to three monthly payments, at the start of the lease. Then, at the end of the lease period (typically two or three years), you simply hand the car back. The job of selling the car and picking up the tab for depreciation is the responsibility of the lease company.
* All vehicle images and car descriptions on this site are for illustration and reference purposes only and are not necessarily an accurate representation of the vehicle on offer.
T: 023 8009 0019
New Car Contract
Unit 25 Acorn Business Park
YRAM Solutions Ltd t/a New Car Contract is an appointed representative of Auto Protect (MBI) Limited which is authorised and regulated by the Financial Conduct Authority (their registration number is 312143 ) and which is permitted to advise on and arrange general insurance contracts. YRAM Solutions Ltd is authorised and regulated by the Financial Conduct Authority for consumer credit activity and our registration number is 620132. All finance is subject to status and income. Written Quotation on request. We act as a credit broker not a lender. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. We are only able to offer finance products from these providers.
Registered in England & Wales with company number : 07809250 | Data Protection No : ZA084908 | VAT No : 121 9086 30
Registered Office : Unit 25 Acorn Business Park, Empress Road, Bevois Valley, Southampton, SO140JY
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