Regardless of where you’re located, with car leasing you will typically make a small initial payment, usually equivalent to three monthly instalments, at the beginning of the lease agreement. Then each month you pay a fixed monthly payment for the term of the agreed lease. There are various funding methods available to choose from, each with their own pros and cons. You also have an agreed annual mileage allowance tailored to your needs. (Excess mileage charges will apply if you exceed the contract mileage.)
At the end of the lease period (typically two or three years), there are various options available depending on which funding method you’ve chosen. Some methods of funding (not all) enable you to buy the car at the end of the agreement for a fee, known as a balloon payment, if you’d like to keep the car. To find out more about the car leasing process, please don’t hesitate to contact us.