YesAuto UK gives some tips on car leasing
Car leasing allows you to drive the car at the dealer at the agreed time and mileage, and pay for the use of the car, rather than pay the full purchase price of the car.
You can drive this car by paying once a month. The monthly payment is based on the estimated depreciation of the car during the lease term.
At the end of the car leasing, you will return the vehicle to the dealer for inspection. The dealer will ensure that the lease does not exceed its mileage limit and that the vehicle is not excessively worn.
If you're not ready to say goodbye to your car, you can usually continue to buy your rental contract at the end of your car leasing.
When you return the lease to the dealer, don't forget to bring any additional keys and floor mats that came with the vehicle.
At the end of the car leasing term, you will be charged a disposal fee (the flat rate agreed by the dealer at the beginning of the lease term for the preparation of vehicles for resale). In addition to the disposal fee, you also have to pay extra for mileage overrun or excessive wear and tear.
As the monthly payment for car rental is based on the estimated depreciation over the lease term, the lease will specify the mileage limit for the vehicle.
Before signing a rental contract, it's important to know how many miles you drive each year because you will be charged for every mile you exceed the agreed mileage limit.
One of the biggest attractions of car rental is that monthly payments are usually lower than monthly car loan payments.
Car leasing allows you to always enjoy the benefits of driving a new car, as you can replace the latest model at the end of each lease period and continue to drive with the latest technology and safety features.
It's also a great choice for people who don't want trouble owning cars. Since almost all the new rental cars are within the factory warranty period, there are almost no out-of-pocket repair and maintenance costs. At the end of the lease period, you can leave the car without spending time and energy to resell it.